Overview

Job Title: Head of Internal Controls

Reports to: General Manager – Bank Operations

Number of Vacancies: 1

The Head of Internal Controls is responsible for developing, implementing, and maintaining effective internal control procedures and processes. This role focuses on identifying risks, evaluating controls, and ensuring compliance with regulatory requirements and bank policies.

Basic Purpose

Develop, implement, and maintain robust internal control procedures to identify risks, evaluate controls, and ensure adherence to regulatory requirements and bank policies.

Perform internal control reviews, identify and document control gaps, collaborate on remediation efforts, conduct risk assessments, oversee audit activities, manage the internal control team, and provide training to staff on control principles.

Main Duties and Responsibilities

Strategy Development: Develop, cascade, and monitor the implementation of the internal control strategy and work plans/activity plans aligned with the overall bank strategy.
Control Design and Implementation: Design, implement, and enhance internal control systems and procedures to manage risks and ensure compliance with bank procedures, including management of internal accounts and batch proofing.
Risk Assessment and Management: Collaborate with Risk, Audit, and other stakeholders to oversee risk assessment processes and self-assessments to identify, mitigate, and monitor potential risks to the organization.
Team Leadership and Development: Lead, mentor, and develop the internal control team, fostering a culture of continuous learning and ensuring high-quality execution of testing and assurance plans.
Compliance Monitoring: Ensure staff and bank operations adhere to all applicable laws, regulations, and internal policies through regular checks and monitoring.
Reporting: Prepare and present detailed reports on the control environment and action plans to senior management.
Training and Awareness: Provide guidance, training, and awareness programs to staff on internal control best practices and compliance obligations.
Collaboration: Work closely with Risk Management, Compliance, and other control functions to ensure consistent application of control standards and effective reduction of operational risks and errors.
Fraud Control: Implement and oversee fraud control measures across business operations to protect against irregularities and fraud.

Knowledge, Skills, and Experience

Strong understanding of financial processes and controls.
Experience in risk assessment, internal audit, and regulatory compliance.
Ability to work independently with a high degree of initiative and proactivity.
Leadership and team-building skills to manage a department.
Excellent communication skills to report findings and advise management.
Professional qualifications such as CPB, CFA, CPA, or ACCA are often an advantage.

Education

A degree in accounting, finance, or a related business field from a recognized university.

Work Experience

A minimum of 8 years of experience in audit, internal control, compliance, risk management, or a related field, with at least 5 years at a supervisory level.

Application Process

To Apply: Submit your application quoting the job title “Head of Internal Controls” in the subject field to TZRecruitment@equitybank.co.tz.

Application Deadline: October 10, 2025.