Financial Risk Officer - Akiba Commercial Bank Plc
Akiba Commercial Bank Plc is seeking a highly skilled and experienced Financial Risk Officer to join their team in Dar es Salaam. This critical role involves overseeing various financial risks, ensuring regulatory compliance, and fostering a strong risk management culture within the organization.
About the Role
The jobholder is responsible for monitoring credit, liquidity, and market risks, conducting stress testing, and validating IFRS 9 models to ensure full compliance with Bank of Tanzania (BOT) regulations. The role includes developing and tracking Key Risk Indicators (KRIs), preparing risk reports for governance committees, reviewing policies, and maintaining Risk Registers. The jobholder also collaborates with business units to design and implement risk mitigation strategies while promoting a strong risk awareness culture through training and stakeholder engagement.
Key Responsibilities:
- Monitor NPL ratios, sectoral concentration, and single borrower exposures to ensure compliance with BOT limits.
- Identify early warning signals for deteriorating credit quality and recommend timely risk mitigation measures.
- Review credit approval processes, risk ratings, and collateral management for compliance with internal policies and BOT guidelines.
- Support IFRS 9 ECL model validation and conduct credit stress testing to assess portfolio resilience under adverse scenarios.
- Conduct portfolio reviews to identify root causes of emerging credit risks and communicate weaknesses to the credit function.
- Monitor daily liquidity ratios, funding concentrations, and cash flows; assist in ILAAP preparation and conduct liquidity stress testing.
- Monitor FX exposures, interest rate risk, and market risk factors; ensure compliance with BOT Foreign Exchange Regulations and internal limits.
- Conduct VaR assessments, sensitivity analysis, and prepare monthly/quarterly risk reports for ALCO, Management Risk Committee, and the Board.
- Work with business units to set up KRIs for credit, liquidity, and market risk; validate results and ensure timely escalation of breaches.
- Review risk policies in line with BOT/Basel III, maintain Risk Registers, support risk awareness training, and collaborate with business units on risk mitigation strategies.
- Assist in the preparation of the Internal Capital Adequacy Assessment Process (ICAAP) and ensure timely submission to the Bank of Tanzania (BOT).
Candidate Profile:
- Bachelor’s degree in Banking, Finance, Economics, Business Administration, or a related field, with a professional risk certification (e.g., FRM, PRM).
- Minimum 3 years of experience in financial risk management within a business lending environment.
- Strong knowledge of BOT regulations, Basel III, and IFRS 9 standards.
- Proven experience in credit risk analysis, liquidity monitoring, and market risk measurement.
- Practical understanding of risk management tools, methodologies, and control frameworks.
- Excellent knowledge of financial risk management systems and reporting platforms.
Application Instructions:
Please submit your CV through the email address below not later than 3rd August 2026.
Email: recruitment@acbbank.co.tz
Closing Date: 3rd August 2026, 5:00 PM