With 75 years of experience, our focus is on helping the most vulnerable children overcome poverty and experience fullness of life. We help children of all backgrounds, even in the most dangerous places, inspired by our Christian faith.
Come join our 33,000+ staff working in nearly 100 countries and share the joy of transforming vulnerable children’s life stories!
Key Responsibilities:
Job purpose
As part of VFT MFB’s Middle Management, the Risk Manager ensures strategic goals are achieved within the approved risk appetite by overseeing credit, operational, market, liquidity, compliance, ESG, and climate-related risks, in line with regulatory expectations. The role promotes a strong risk culture and protects the institution’s sustainability and reputation
Assist in conducting regular risk assessments across business units and identifying emerging risks.
Monitor internal and external risk indicators and escalate material risk exposures.
Analyze and interpret reports from accounting, loan tracking, and other MIS to identify potential credit and financial risks, reporting findings to VFT management.
Coordinate and deliver risk-related staff training, building risk management capability across departments (credit, market, operational, and financial risks).
Communicate and implement the Risk Management Framework to ensure staff are risk-aware and aligned with institutional expectations.
Actively participate in regional and global Risk and Compliance forums set up by VFI to share best practices across MFIs.
Identify, assess, and monitor compliance risks related to current and proposed business activities, including new products, systems, relationships, and operational expansions.
Conduct and oversee periodic internal credit risk reviews to help management understand the causes of elevated credit risk.
Collaborate with the Head of Risk and Compliance to update the stress testing model, and conduct quarterly stress testing and reporting
Support the annual preparation of ILAAP and ICAAP reports in coordination with the Head of Risk and Compliance.
Track, monitor, and report monthly on the organization’s Key Risk Indicators (KRIs)
Assess the adequacy of internal policies and procedures; follow up on deficiencies, recommend improvements, and supervise corrective actions.
Produce accurate and timely monthly risk reports for MRCC meetings and other stakeholders.
Prepare and update the MFI’s Top Ten Risks list every month.
Prepare the Monthly Credit Risk Analysis Report.
Assist in the development, review, and implementation of Business Impact Analysis to support continuity of operations.
Collaborate with department heads to strengthen internal controls and formulate effective risk mitigation strategies.
Integrate ESG and climate-related risks into the overall risk management framework.
Support the review and implementation of risk management policies, procedures, and frameworks.
Review incident reports and facilitate root cause analysis and corrective action planning.
Quarterly preparation of the operational risk reports
Design and maintain practical working tools and reporting templates to support risk identification, assessment, mitigation, and monitoring across all risk types
Conduct regular risk profiling for business centers to assess the risk exposure of various departments or branches.
Perform any other duties assigned by the supervisor.
Required skills, knowledge, and abilities:
University degree in a relevant subject (e.g. economics, business)
Strong accounting/finance education and knowledge of loan and capital markets products
Ability to communicate effectively in written and spoken English
Quantitative orientation and a good eye for detail, with strong analytical skills
Ability to manage dynamic priorities and work well under pressure
Ability to write, present, and train others on risk-related materials
A team player with the ability to build relationships across different departments and branches, and to influence positive change in working practices
Proactive, goal-oriented, and self-motivated, with the ability to work with minimal supervision
Commitment to the core values and mission of Vision Fund Tanzania MFB
Ability to learn how to use new systems
Ability to inspire and empower employees to use new systems and propose process improvements
Strong working knowledge of MS Office and Loan Tracking Systems
Required experience:
At least 4 years of experience in risk management in a bank or microfinance institution
At least 2 years of experience in risk analysis or compliance, or internal audit
Work experience of at least 2 years in staff supervision, including managing a team
Strong experience in credit analysis, credit collateral, and the approval of loans
Proven ability to assess, monitor, report, and address risks
Strong experience in risk analysis, monitoring, and reporting
Preferred:
Certification in Risk Management
Experience in presenting reports to management
Experience in a staff supervision role
Applicant Types Accepted:
Local Applicants Only