in , , , , , , , , ,

Credit Officer – Regulatory Reporting Analysis and Compliance at ABSA Bank Limited

ABSA Group Limited
Jobs in Tanzania 2024: New Job Vacancies at ABSA Group Limited 2024


ABSA Group Limited Jobs 2024

About Us
Truly African
We are a diversified standalone
African financial services group, delivering an integrated set of
products and services across personal and business banking, corporate
and investment banking, wealth, investment management and insurance.
Group Limited is listed on the JSE and is one of Africa’s largest
diversified financial services groups with a presence in 12 countries
across the continent and around 41 000 employees.
Absa Group Limited
is listed on the JSE and is one of Africa’s largest diversified
financial services groups with a presence in 12 countries across the
continent and around 41 000 employees.

own majority stakes in banks in Botswana, Ghana, Kenya, Mauritius,
Mozambique, the Seychelles, South Africa, Tanzania (ABSA Bank in
Tanzania and National Bank of Commerce), Uganda and Zambia. We also have
representative offices in Namibia and Nigeria, as well as insurance
operations in Botswana, Kenya, Mozambique, South Africa, Tanzania and

Credit Officer – Regulatory Reporting Analysis and Compliance
Credit Officer – Regulatory Reporting Analysis and Compliance at ABSA Bank Limited July 2024

  • locations Absa House – ABT
  • time type Full time
  • job requisition id R-15966004
Empowering Africa’s tomorrow, together…one story at a time
over 100 years of rich history and strongly positioned as a local bank
with regional and international expertise, a career with our family
offers the opportunity to be part of this exciting growth journey, to
reset our future and shape our destiny as a proudly African group.

My Career Development Portal
Wherever you are in your career, we are here for you. Design your
future. Discover leading-edge guidance, tools and support to unlock your
potential. You are Absa. You are possibility.

Job Summary
To operate as a member of the Retail Credit Team but with specific responsibility for:
• The management of the submission of customer credit information to credit reference bureaus.
• The timely provision of correct and accurate credit reports to the Bank of Tanzania [BoT]

Job Description
Main accountabilities and approximate time split
Regulatory Reporting, Analysis and Compliance (80%)

  • The
    preparation, analysis and reporting of customer credit information to
    the Credit Reference Bureaus through the Credit Reference Databank.
  • The
    incumbent will be responsible for the management and timely resolution
    of disputes relating to customer’s credit bureau records and ratings in
    accordance with the requirements of The Bank of Tanzania (Financial
    Consumer Protection) Regulations 2019.
  • Manage end to end
    preparation of the credit related Bank of Tanzania [BoT] Reports (Adhoc,
    Daily, Weekly, Bi-weekly, Monthly etc.).
  • Monitoring and
    ensuring that the retail credit business function is operating in an
    appropriate manner in accordance with the Bank of Tanzania regulations,
    guidelines and directives.
  • Maintain accurate records and data in conjunction with regulatory reporting requirements.
  • Engage and Ensure full automation of all regulatory reports.
  • Identify, assess, and advise on all matters relating to regulatory reporting analysis and compliance.
  • To identify and report all exceptions on non-compliance with regulatory reporting requirements.
  • To
    act as the technical specialist in the development, reviews and
    updating of processes, procedures and controls that govern the
    regulatory reporting process.
  • To effect monthly reconciliation
    of bureau usage reports and effect payments as indicated in the service
    level agreements and service contracts.

Controls: 20%

  • Ensure full compliance with the Bank of Tanzania regulatory requirements.
  • Ensure adherence to standards on Retention, Security and Confidentiality & Recovery of risk data as per Group policies.
  • Ensure data quality processes are embedded into Business as Usual (BAU) activity.
  • Ensure Accuracy of the financial inputs to the periodic regulatory submission.

Risk & Control Objective

  • Manage risk and control effectively by applying applicable risk frameworks and embedding a positive risk culture
  • Understanding of own role in the end-to-end processes in which you play a part, including applicable risks and controls.
  • Adhere to Absa policies and procedures applicable to own role, demonstrating sound judgement and responsible risk management.
  • Report
    all risk events / incidents / issues using the defined process for your
    business area and help to understand why these happened and how to
    prevent them in future. Proactively look for ways to improve the control
    environment by considering what could go wrong in the processes you
    operate and how errors could be prevented.
  • All mandatory training completed to deadline.

Read Also:

Technical skills / Competencies

  • Good knowledge of the Bank’s systems and various sources of data
  • Some knowledge of credit analysis & statistical analysis techniques.

Personal Attributes & Skills required for the role:

  • Managing relationships.
  • Personal Organisation.
  • Information gathering.Communication skills.
  • Numeracy skills.
  • Analytical skills.

Absa Values

Values and Behaviours represent the set of standards which governs the
actions of all of us who work for the bank and against which the
performance of every one of us in Absa are being assessed and rewarded:

  • Trust
  • Resourceful
  • Stewardship
  • Courage
  • Inclusion


  • Further Education and Training Certificate (FETC): Business, Commerce and Management Studies (Required)
Deadline: 2024-07-14.

Get Notifications Faster by:

Program Support Specialist II – Health at Compassion International

5 New Government Various Jobs Utumishi at CBE July 2024