Jobs in Tanzania

Jubilee Insurance Tanzania Hiring Risk & Compliance Officer

Jubilee Insurance Tanzania Hiring Risk & Compliance Officer

Welcome to our website, In This Article, are you looking for Jubilee Insurance Tanzania Hiring Risk & Compliance Officer job opportunity at Jubilee’s career recruitment portal. Jubilee Insurance was established in August 1937, as the first locally incorporated Insurance Company based in Mombasa.

Matangazo ya kazi Ajira Portal

Jubilee Insurance Tanzania

Jubilee Insurance, which offers life, pension, general, and medical insurance, has expanded its sphere of influence throughout the area to become the biggest composite insurer in East Africa. Currently, Jubilee has more than 450,000 customers and is the top insurer in East Africa.

There are offices for Jubilee Insurance spread throughout Kenya, Uganda, Tanzania, Burundi, and Mauritius. The Nairobi Securities Exchange (NSE), Dar es Salaam Stock Exchange, and Uganda Securities Exchange are the three East African stock markets where this ISO-certified insurance group is the sole one listed. Its regional offices have received an A+ in Tanzania and an AA- in Kenya and Uganda for their excellent risk management, leadership, and quality ratings. Go to to learn more.

We currently have a fantastic work opportunity with Jubilee Life Insurance Corporation of Tanzania as a Risk & Compliance Officer. The Chief Executive Officer will get reports from the employee in this role.


  • Create and implement risk management plans and guidelines that are in line with the organization’s overarching goals and applicable laws.
  • Together with the company, identify possible hazards and provide suitable countermeasures.• Encourage the culture of risk management to be implemented.
  • Perform routine risk assessments and assist the management group in putting the appropriate controls in place to reduce risks.
  • Make sure every department has a risk register with the important possible hazards and the associated indicators included in it.
  • Keep an eye on and evaluate adherence to relevant laws, rules, and internal procedures.
  • Review operational procedures on a regular basis to look for possible compliance gaps and suggest fixes.
  • For applicable Acts, keep the external compliance obligations register up to date.
  • Create and implement training courses to instruct employees on compliance-related topics.

Money Laundering Reporting Officer: 

  • Make that the business complies with all legal obligations and AML/CTF compliance guidelines.
  • Obtaining and assessing Suspicious Transaction Reports (STRs) in relation to external and internal business data, and independently deciding whether there are sufficient reasons to suspect a transaction sufficiently to report it to the Financial Reporting Center (FRC).
  • Preserving all evaluation records and data used in STR determination and subsequent investigations as evidence of compliance.
  • Keeping a record of all STRs that are reported to the authorities as well as those that are not.
  • Identification and management of AML/CTF risk. identifying high-risk operations (Products, Services, Customers, Geographical Locations, Distribution) in collaboration with the business. Examine the business’s ML/TF risk profiling, as well as the effectiveness and suitability of the controls put in place.

Key Competencies 

  • Meticulousness and attention to detail in one’s work.
  • Capacity to include and sway stakeholders across the board.
  • Proactive attitude and self-sufficient work style.
  • Strong time-management and organizing abilities.
  • Capacity to adjust to evolving regulatory frameworks.


  1. A bachelor’s degree in business administration, finance, or a similar discipline.
  2. It is preferable to have professional credentials in risk management, compliance, or a related sector (such as Certified Compliance Professional or Certified Risk Professional).

Experience :

  • A minimum of five years of experience in the financial sector, particularly in banking, insurance, and investments, in risk management, compliance, regulatory affairs, and AML/CFT programs.
  • Solid understanding of industry norms and legal requirements in the insurance sector.
  • Knowledge of risk management techniques and frameworks.

Read also: NBC Bank Tanzania Hiring Sales Manager

Application Process

The deadline for submitting job applications is 30th April, 2024;

If you are qualified and seeking an exciting new challenge, please apply quoting the Job Reference through email:

Only shortlisted candidates will be contacted.

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