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About VisionFund Tanzania Microfinance Bank Ltd
VisionFund Tanzania Microfinance Bank Ltd (VFT MFB), formerly known as SEDA, is a fast-growing and reputable Micro Finance Bank (MFB) with a loan book exceeding TZs. 44 billion and a customer base of over 60,000, including more than 5,000 smallholder farmers. VFT-MFB seeks dynamic and committed Tanzanian men and women passionate about economic development to fill the vacant positions detailed below. The bank fosters a calm and harmonious working environment where staff are highly valued, good work is recognized and rewarded, and there are opportunities for professional and spiritual growth. VFT MFB is committed to providing a safe environment free from harm or abuse for adults, including clients, and children. Candidates will undergo criminal record and background/reference checks prior to employment. Female applicants are particularly encouraged to apply.
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Job Vacancy: Field Operation Manager
Work Reference No.: 25/25
Position: Field Operation Manager
Reporting to: Chief Operations Officer
Job Purpose:
The Field Operations Manager (FOM) provides overall leadership to VFT’s
field/branch operations, ensuring the bank meets annual business targets
as approved by the Board in the annual operational plan. The position
holder manages branches through Regional Managers and Business Center
Managers, executing strategic operational targets, including
disbursement plans, budgeting, people and performance management, risk,
and internal controls to reduce operational risk. The role ensures
growth in the loan and deposits portfolio while enforcing compliance
with country laws and regulations. It also ensures that the bank’s
products and services positively impact clients’ lives through VFT’s
social performance framework and fosters close integration with World
Vision Area Programs to support economic development for low-income
entrepreneurs.
Work placement opportunities
Main Responsibilities:
- Performance Management
- Oversee the management and staff of the operations department to ensure all branches meet or exceed monthly and annual business targets.
- Mentor and coach Regional Managers for performance.
- Maintain a high standard of discipline within the operations department, ensuring all managers meet ongoing targets.
- Coordinate with People and Culture to execute an incentive scheme for operations staff to enhance motivation and performance.
- Ensure staff have the capacity to deliver through a continuous training program.
- Compliance with Bank Policies and Regulatory Requirements
- Manage the application of policies, norms, and procedures at the branch level, ensuring business operations adhere to procedures.
- Enforce compliance with local regulatory laws as prescribed.
- Set performance contracts and monitor performance per procedures for branch managers.
- Implement a performance management system for branch managers that enforces compliance with policies, procedures, and regulations.
- Ensure all identified compliance gaps from internal audits and risk units are addressed within agreed timelines.
- Administration
- Supervise that the branch network maintains up-to-date and accurate client records.
- Organize and maintain neat, up-to-date, and accurate files regarding the performance of all regions, particularly Branch Managers and Regional Managers.
- Department Reporting
- Perform analysis of financial indicators and provide reports to the COO on deposits, channel performance, disbursements, client retention, product growth, branch profitability, and delinquency.
- Ensure overall and branch reporting is complete and accurate.
- Provide timely and accurate information and reports to the Chief Operations Officer, senior management, and other stakeholders as required.
- Ensure timely delivery and supervision of accurate financial, performance, and regulatory data reporting.
- Business Development
- Lead the branch network to deliver all business targets approved by the Board, including loan portfolio, deposits, clients, and revenue targets.
- Collaborate with the Head of Business Development and other managers to develop local marketing and sales strategies to increase clients, maximize sales, and retain current clients.
- Conduct feasibility studies for new areas and provide recommendations for market potential.
- Participate in market research with Marketing and Product Development Teams to determine appropriate products and services for various customer segments.
- Credit Risk Management
- Ensure all branches maintain a Portfolio at Risk (PAR) of not more than 5% for >1 day.
- Ensure the loan loss rate is kept below a maximum of 2%.
- Supervise the debt recovery team to ensure collection of written-off loan facilities from clients.
- Document causes of delinquencies and implement remedial actions by updating policies, taking disciplinary measures, or building capacity for the operations team.
- Integration with World Vision and Social Performance Management
- Drive the social performance agenda by targeting clients as defined in VFT’s social performance framework.
- Ensure VFT’s operations align with World Vision Area Programs (APs) and maintain close working relations with AP Managers.
- Build mutually beneficial partnerships with other strategic partners in line with VFT’s mission.
Required Skills, Knowledge, and Competencies:
- Education and Experience:
- Minimum of a BSc in Business, Accounting, Finance, or related field.
- Minimum of five years of senior operational management experience, preferably in a bank or microfinance institution.
- Experience in strategic planning, budgeting, operations, deposit product and systems development, and risk management.
- Core Competencies:
- Strong leadership and people management skills.
- Strong analytical skills, with the ability to analyze business processes and think strategically using financial analysis.
- Excellent communication skills, with the ability to present financial information effectively to both specialists and non-specialists.
- Understanding of financial and banking software packages, preferably familiarity with T24.
- Knowledge of micro, small, and medium enterprise market segments in Tanzania.
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Job Vacancy: Compliance Manager
Work Reference No.: 26/25
Position: Compliance Manager
Reporting to: Head of Risk and Compliance
Work placement opportunities
Job Purpose:
The Compliance Manager ensures the bank complies with all applicable
regulatory requirements, internal policies, and ethical standards. The
role leads the implementation of the compliance framework, monitors
regulatory risks, supports AML/CFT efforts, and fosters a culture of
compliance across the institution.
Main Responsibilities:
- Regulatory Compliance
- Ensure VFT’s full compliance with applicable laws, regulatory requirements, and guidelines issued by the Central Bank and other regulators (e.g., BAFIA, Country Labor Laws, AML/CFT, KYC, data protection, consumer protection).
- Conduct annual regulatory gap analysis and recommend the establishment or enhancement of missing controls.
- Maintain the regulatory tracking log and ensure timely submission of all regulatory reports and returns.
- Act as the primary liaison with regulatory bodies and manage regulatory inspections or audits.
- Compliance Monitoring & Testing
- Develop and implement compliance monitoring plans to assess adherence to internal policies and external regulations.
- Annually revise compliance working papers and reporting templates to support risk and compliance officers in conducting regular compliance reviews.
- Conduct regular compliance reviews and assessments across departments.
- Report breaches, non-compliance, and gaps with corrective action plans.
- Provide oversight to Risk and Compliance Officers for all regulatory and internal compliance requirements.
- Policies and Procedures
- Assist the Head of Risk and Compliance in developing, renewing, and enforcing compliance-related policies and procedures.
- Ensure all internal policies align with legal, regulatory, and best practice requirements.
- Track and report compliance issues, breaches, and key compliance indicators to senior management.
- Lead internal compliance reviews and investigations of potential breaches.
- Maintain a centralized repository of current compliance policies and procedures, ensuring accessibility and version control for all stakeholders.
- Training & Awareness
- Develop and implement an annual compliance training plan for the Risk and Compliance Team and VFT staff.
- Annually review and develop internal controls training materials for staff.
- Conduct training for the Risk and Compliance Team on compliance risk assessments, root cause analysis, and other compliance-related topics.
- Reporting
- Prepare and submit monthly compliance reports to management.
- Review and submit compliance review reports conducted by Risk and Compliance Officers from all regions in a timely manner.
- Maintain compliance dashboards and key performance indicators (KPIs) for the bank and Risk and Compliance Officers.
- Performance Appraisal Responsibilities
- Lead the performance appraisal process for Risk and Compliance Officers, ensuring alignment with departmental goals and regulatory expectations.
- Set clear performance objectives and KPIs for compliance staff, focusing on effectiveness, timeliness, and accuracy of compliance activities.
- Conduct regular performance reviews, provide constructive feedback, and identify areas for improvement and professional development.
- Advisory and Supervisory Role
- Provide compliance advisory services to business units on new products, partnerships, or initiatives.
- Participate in product development and project committees to ensure regulatory compliance.
- Advise senior management on emerging regulatory risks, changes in laws, and strategic compliance implications.
Required Skills, Knowledge, and Competencies:
- Bachelor’s degree in Law, Finance, Risk, Business, or a related field (professional certifications such as CPA, ACCA, CAMS, CISA, or ICA preferred).
- At least 5 years of experience in banking compliance, legal, or audit roles.
- Strong knowledge of regulatory frameworks governing the banking sector.
- Experience with AML/CFT, KYC, and consumer protection regulations is essential.
- Strong analytical and investigative skills.
- Ability to influence and advise senior management and business teams.
- Detail-oriented with strong problem-solving capabilities.
- Understanding of ESG and data privacy regulations is an added advantage.
- Strong experience in working in an anti-money laundering environment, preferably evidenced by a relevant qualification.
Job Vacancy: Business Centre Manager
Work Reference No.: 27/25
Position: Business Centre Manager
Reporting to: Regional Manager
Work placement opportunities
Job Purpose:
The Business Centre Manager ensures efficient performance of the
Branch/Business Centre, markets VFT-MFB’s products and services, and
ensures adequate information flow within the Branch/Business Centre.
Main Responsibilities:
- Coordinate and control branch/business center operations.
- Develop the branch/business center business plan and annual work plan.
- Chair the Branch/Business Centre Credit Committee and participate in evaluating, approving, or rejecting loans according to policies.
- Review legal documents and security files of approved loans.
- Assist legal counsel in matters involving remedial account management.
- Coordinate with the Regional Manager to plan for personnel needs.
- Monitor staff performance and coordinate with relevant stakeholders.
- Ensure timely submission of Branch/Business Centre reports.
- Attend branch managers’ meetings.
Required Skills, Knowledge, and Competencies:
- Bachelor’s Degree in Business Administration or a related field.
- Master’s in Marketing, Business Administration, or Accounting is an added advantage.
- Very good knowledge of oral and written English.
- Very good analytical and reporting skills.
- 5 years’ experience in credit management and savings & deposit operations.
Job Vacancy: Finance Officer (Reconciliation Officer)
Work Reference No.: 28/25
Position: Finance Officer (Reconciliation Officer)
Reporting to: Finance Manager
Job Purpose:
The Finance Officer (Reconciliation Officer) focuses 60% on
reconciliation tasks and 40% on follow-up of outstanding items,
budgetary control, and treasury activities.
Work placement opportunities
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Main Responsibilities:
- Perform monthly bank reconciliations and submit them to the Finance Manager by the 5th of the following month.
- Perform daily MNO (Mpesa, Tigo, and Airtel) reconciliations and share them with the Finance Manager.
- Follow up on reconciliation items, provide status updates, aging, and action plans for outstanding items.
- Monitor items in suspense accounts and ensure they are cleared within set timelines.
- Prepare and recommend items to be written off or recognized as income on a quarterly basis.
- Ensure sufficient funding of VFT Wallets with MNOs.
- Engage banks and MNOs to obtain confirmation of signatories on a semiannual basis or as needed.
- Prepare proposals and track short-term investments to ensure timely follow-up as they mature.
- Act as custodian of FDR receipts.
- Collaborate with the Risk Officer to conduct quarterly liquidity stress testing.
- Perform due diligence for VFT conduit banks and MNOs.
- Perform any other duties assigned by the supervisor.
Required Skills, Knowledge, and Competencies:
- Bachelor’s Degree in Banking and Finance or Accounting.
- Very good knowledge of oral and written English.
- Very good analytical and reporting skills.
- 3 years’ experience in VFT MFB or in the accounting field.
- CPA holder is an added advantage.
- Proficient in Microsoft Office applications.
Attributes Desired for All Positions
- Honest, hardworking, friendly, and focused.
- Local language skills.
- High standards in regard to quality of work.
- Able to work independently and as a team member.
- Attention to detail.
- Experience in banking or microfinance.
- Commitment to the social mission of microfinance.
Application Process
Interested and suitably qualified individuals should:
- Forward their application letter, attaching certified copies of academic and professional certificates, detailed CVs with three referees, and National ID to application@vftz.co.tz.
- Address applications to:
The Chief Executive Officer,
VisionFund Tanzania Microfinance Bank Limited,
P.O. Box 1546,
Arusha, TANZANIA. - Use the position title as the subject of the email application.
- Submit applications by 31st August 2025.
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Note: Only short-listed candidates will be contacted.
Disclaimer
VisionFund Tanzania Microfinance Bank has not engaged any consultant or agent to conduct recruitment on its behalf.
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