Saturday 17 December 2022

3 New Job Opportunities at VisionFund Tanzania Microfinance Bank Ltd (VFT MFB) - Various Posts

  AjiraLeo Tanzania       Saturday 17 December 2022
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Jobs in Tanzania 2022: New Job Vacancies at VisionFund International (VFI) 2022

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VisionFund Tanzania Microfinance Bank Ltd (VFT MFB) Jobs 2022
Overview
VisionFund Tanzania Microfinance Bank Ltd (VFT MFB) formerly known as SEDA is a fast growing and reputable Micro Finance Bank (MFB), has a loan book of TZs. 17 billion and 30,000 customer base, more that 5,000 of them being small holder farmers.

VFT-MFB is seeking to employ a dynamic and committed Tanzanian young men & women who have passion for people’s economic development to fill in the vacant positions detailed here below;

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Risk and Compliance Officer (Credit Risk)
Work reference no.
025/22
Position: Risk and Compliance Officer (Credit Risk)
Reporting to: Head of Risk and Compliance
Responsibility:
The Risk and Compliance Officer (Credit Risk) main responsibilities are to review and ensure that the credit risk is minimized and the bank is able to recover from any losses that might occur. Additional duties involve performing credit risk analysis and conducting independent loans review to ensure loans are adequately underwritten, properly graded, appropriately priced, and conform to the bank’s policy. The reviews and analysis performed will help the bank manage the risk in the loan portfolio by ensuring compliance with Bank and regulatory requirements, as well as following up on trends identified so appropriate controls can be developed and implemented at VFT MFB.

Main tasks
  • Monitor the bank’s credit risk and trigger timely portfolio reviews to find out the root cause of the emerging credit risks and Communicate weaknesses identified to the credit underwritings
  • Ongoing monitoring of the credit quality of the portfolio (portfolio review and early detection of deteriorating credits) by highlighting early warning signs of credit deterioration and advising the turnaround strategy.
  • Perform a comprehensive review of sampled new loans and modifications to identify any credit weaknesses, policy or regulatory violations, servicing deficiencies, or trends.
  • Prepare early warning and checks for adequacy and appropriateness of the information used in the evaluation of the customer Credit applications.
  • Identify, analyze and report to the management the credit risk trend with corrective actions required
  • Ensure that sound credit risk measurement and monitoring tools are developed and implemented in a standardized manner
  • Preparation of weekly, monthly and quarterly credit risk analysis reports by different categories such as loan size, client sector, product, Branch, and Loan Officer and trigger portfolio reviews.
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Education/Experience
  • A bachelor’s degree in Banking and Finance, Accounting, Microfinance, Economics, Business Administration, Finance, or any related field.
  • Minimum of 3 years’ experience in credit review, credit analysis, or in a business lending-related position.
  • A Certification in Risk Management Experience
  • Excellent understanding of credit risk management systems
  • Excellent financial analysis skills especially financial ratio analysis to determine credit worthiness.
  • An understanding of the functions of and the implementation of Credit Bureau strategies.
  • Knowledge of current banking laws and regulations required loan documentation and bank lending policies

Senior Compliance Officer
Work reference no
. 026/22
Position: Senior Compliance Officer
Reporting to: Head of Risk and Compliance
Responsibility:
The purpose of this role is to establish, implement and enforce a robust bank wide Compliance Risk Management Framework and systems (policies, processes and tools) covering Legal and regulatory compliance and AML Compliance. Ensure compliance with Bank’s policies, guidelines & procedures; Banking and Financial Institutions Act, BOT Regulations and other regulatory directives; Anti Money Laundering Act, Anti Money Laundering Regulations and Guidelines. Ensuring that the Bank is not used as a conduit by money launderers and or terrorism financiers and also to protect the integrity of the Bank

Main tasks
  • Compliance monitoring and implementation of corrective actions
  • Enhanced internal control over bleach of internal and regulatory requirement
  • Compliance Review Documentation and Reporting
  • Presence of standard documents and reporting templates
  • Physical Security and Training
  • Awareness of physical security matters
  • Supervise Risk and Compliance Officers
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Education/Experience
  • University degree in Law, Business Management, Banking or related disciplines with knowledge on compliance software/applications
  • Experience with Banking/Financial Institution operation,
  • Enterprise risk management
  • Understanding of impacts of money laundering to economy and on financial systems
  • Strong analytical skills, paying careful and particular attention to detail, and also have an investigative mindset

Senior Internal Auditor (Investigation)
Work reference no.
027/22
Position: Senior Internal Auditor (Investigation)
Reporting to: Head of Internal Audit and Investigation
Responsibilities:
Support the Head of Internal Audit and Investigation in overseeing internal operating controls, processes and practices.
Support the Head of Internal Audit and Investigation in managing a team of auditors and reviewing their works and providing guidance.Work hand in hand with the Head of Internal Audit and Investigation validating investigations and in other advisory engagementsWork hand in hand with Head of Internal Audit and Investigation to ensure compliance with Auditing standards.

Main tasks

  • Participate in developing and preparing the Annual Audit Plan that outlines the activities to be undertaken by the Internal Audit Department during the year.
  • Conducting objective, fair, thorough, unbiased and timely investigations into allegations of fraud, waste or abuse committed by staffs/clients/third party against VisioFund Tanzania.
  • Making various recommendations to different departments if there are any loop holes discovered during the investigation so as to prevent misconducts, loss and also improve the systems in place (Process Improvement Memos)
  • Work with Management to assist in the recovery of lost assets and provide independent expert reports that can be utilized in trials or by the prosecutor’s office and provide expert witness testimony at trial to support findings.
  • Clarify all audit findings with auditees during the process of audit fieldwork to minimize discussion time in the exit conference.
  • Assist in the execution of the external audit as well as examinations to be conducted by government regulatory agencies.
  • Submits a written audit report to supervisor ensuring sufficiency of audit coverage.
  • Assist Head of Internal Audit and Investigation to perform review on capital adequacy and liquidity position of the bank.
Recommended:
Education/Experience
  • A bachelor’s degree in Banking and Finance, Accounting, Microfinance, Economics,
  • At least 3-year experience in accounting, finance or in Audit, or 3-5 years of experience working in a Financial Institution.
  • Knowledge of local business community
  • Planning skills, time management, Critical Thinking and Detail oriented

GENERAL Special / Personal Abilities
  • Achieving Capabilities:
  • Achieving quality results & service. Practicing accountability & integrity. Communicating information effectively.
  • Thinking Capabilities:
  • Thinking clearly, deeply and broadly. Understanding the Microfinance Industry. Understanding Vision Fund mission and operations.
  • Self-Managing Capabilities:
  • Demonstrating Christian values in life and work. Learning for growth and development. Maintaining work/life balance and effectiveness.
  • Relational Capabilities:
  • Building collaborative relationships. Practicing gender and cultural diversity. Influencing individuals and groups.
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About our working environment & remuneration.
VisionFund Tanzania Microfinance Bank has a calm and harmonious working environment where staffs are highly valued. Good work is recognized and rewarded accordingly and there is an opportunity to grow professionally and spiritually.

Mode of Application:
Interested and suitably qualified individuals should forward their application letter, attaching copies of their academic and professional certificates; detailed CV’s with three referees to vftHRstaff@vftz.co.tz The position should be the subject of the email application. OR through the postal address below.
The Chief Executive Officer, VisionFund Tanzania Microfinance Bank Limited
P.O. Box 1546, Arusha TANZANIA
.
The application should reach the undersigned not later than 23rd December 2022.
N.B. Only short-listed candidates will be contacted

Disclaimer
VisionFund Tanzania Microfinance Bank would like to inform the general public that it has not engaged any consultant/agent to conduct recruitment on its behalf.
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