Risk Management Officer Job Vacancy in Dar es Salaam, Tanzania – Banking & Financial Services

Job Description

Position: Risk Management Officer

Company: Standard Chartered Bank Tanzania

Location: Dar es Salaam, Tanzania

Experience: 3-5 years in risk management within banking sector

Education: Bachelor’s degree in Finance, Economics, or related field

Employment Type: Full-time

Industry: Banking & Financial Services

Department: Risk Management

Salary: 2,000,000 – 3,500,000 SSP per month

Vacancies:1

Company Overview

Standard Chartered Bank Tanzania is a leading international bank with a strong heritage of over 150 years in delivering innovative financial solutions across Africa. Operating from its flagship office in Dar es Salaam, the bank serves corporate, SME, and retail customers with a comprehensive suite of products ranging from trade finance to digital banking platforms. Committed to sustainable growth, the bank actively supports community development projects and adheres to the highest standards of corporate governance. As a key player in Tanzania’s financial sector, Standard Chartered offers a dynamic environment where talent thrives, making it a top destination for professionals seeking rewarding Tanzania Jobs and long‑term career growth.

Job Overview

The Risk Management Officer will play a pivotal role in safeguarding the bank’s assets by identifying, assessing, and mitigating financial and operational risks. Reporting to the Head of Risk, the officer will collaborate with business units to embed robust risk frameworks, ensuring compliance with local regulations and international best practices. This position is central to the bank’s strategy of maintaining a resilient risk culture, supporting its ambition to be a preferred employer for those searching for Jobs in Tanzania and seeking Career Opportunities in Tanzania. The role demands analytical acumen, strong communication skills, and a proactive approach to problem‑solving.

Key Responsibilities

• Conduct comprehensive risk assessments for new products, services, and strategic initiatives.
• Monitor and report on credit, market, operational, and liquidity risks on a daily basis.
• Develop and maintain risk policies, procedures, and control frameworks in line with regulatory requirements.
• Collaborate with business lines to design risk mitigation strategies and ensure effective implementation.
• Prepare risk dashboards and present findings to senior management and the Board Risk Committee.
• Perform stress testing and scenario analysis to evaluate potential impacts on the bank’s portfolio.
• Support internal and external audit processes by providing required documentation and explanations.
• Stay updated on emerging risk trends and regulatory changes affecting the Tanzanian banking sector.

Required Skills

• Strong analytical and quantitative abilities with proficiency in risk modelling tools.
• Excellent written and verbal communication skills for clear reporting.
• In‑depth knowledge of Tanzanian banking regulations and Basel III standards.
• Ability to work collaboratively across departments and influence decision‑making.
• High level of integrity, attention to detail, and ethical judgment.
• Proficiency in MS Office, especially Excel, and familiarity with risk management software.

Education

A minimum of a Bachelor’s degree in Finance, Economics, Business Administration, or a related discipline is required. Professional certifications such as FRM (Financial Risk Manager) or PRM (Professional Risk Manager) are highly desirable and will be considered an advantage.

Experience

Candidates must possess 3‑5 years of hands‑on experience in risk management, preferably within a banking or financial services environment. Experience in credit risk analysis, market risk monitoring, or operational risk control will be evaluated positively.

Salary

The successful applicant will receive a competitive monthly salary ranging from 2,000,000 to 3,500,000 SSP, complemented by performance‑based bonuses and a comprehensive benefits package.

Benefits

• Health insurance covering employee and dependents.
• Retirement savings plan with employer contributions.
• Annual leave and paid public holidays in accordance with Tanzanian labour law.
• Employee assistance program and wellness initiatives.
• Opportunities for international secondments and cross‑border projects.

Training

• Structured onboarding program with risk management fundamentals.
• Continuous professional development through workshops, seminars, and e‑learning platforms.
• Sponsorship for relevant certifications such as FRM or PRM.
• Mentorship from senior risk leaders within the bank.

Working Environment

Standard Chartered Bank Tanzania offers a modern, collaborative workspace equipped with state‑of‑the‑art technology. Employees benefit from a culture that values diversity, inclusion, and innovation, fostering an atmosphere where ideas are encouraged and career progression is supported. The bank’s commitment to Employment in Tanzania is reflected in its transparent policies and employee‑centric initiatives.

Application Process

Interested candidates should submit their updated CV and a cover letter outlining their suitability for the role via the bank’s online career portal at Standard Chartered Careers. Applications will be reviewed on a rolling basis, and shortlisted applicants will be contacted for an initial interview.

Equal Opportunity Statement

Standard Chartered Bank Tanzania is an equal opportunity employer. We celebrate diversity and are committed to creating an inclusive environment for all employees, regardless of gender, age, disability, religion, or sexual orientation. Our hiring practices reflect our dedication to fairness and the principle of Hiring in Tanzania based on merit and potential.