Compliance and Data Protection Officer at Amana Bank Tanzania March 2024, Jobs Amana Bank Tanzania Limited is a commercial bank in Tanzania, operating under Islamic banking principles. It was established in 2011 and is licensed by the Bank of Tanzania, the country’s central bank. Amana Bank offers a range of Islamic banking products and services, including savings accounts, current accounts, financing facilities, and investment opportunities that adhere to Sharia principles.
The bank aims to provide financial services that are compliant with Islamic law while also catering to the financial needs of its customers in Tanzania. We are currently seeking to recruit Compliance and Data Protection Officer The successful candidate will be responsible for the following
Duties and Responsibilities;
- Implementing measures and a privacy governance framework to manage data handling and use in compliance with all relevant privacy laws is a critical responsibility for Amana Bank. This includes ensuring that the bank’s practices align with regulations such as the Data Protection Act. Part of this role involves preparing and submitting periodic reports on compliance to the appropriate regulatory bodies, such as the Commission.
- Additionally, the Data Protection Officer (DPO) is tasked with identifying and addressing violations of data protection provisions, whether committed by the bank itself or by third-party data processors. This involves advising on rectification measures to ensure compliance with regulations.
- Collaboration with internal stakeholders is essential for reviewing projects to ensure compliance with both local and international data privacy laws. The DPO must also conduct privacy impact assessments when necessary to evaluate potential risks and ensure regulatory compliance.
- As the primary point of contact for the Data Commission Office and other Data Protection Authorities, the DPO serves as a liaison for inquiries and regulatory communications. Similarly, they field inquiries within the business regarding data protection and privacy, providing guidance and support as needed. Compliance and Data Protection Officer at Amana Bank Tanzania March 2024
- Reviewing vendor contracts and consents in partnership with legal and information security functions is another key responsibility. The DPO ensures that filing requirements with local regulators are met and that data subject rights are fulfilled.
Developing policies, standards, and procedures aligned with relevant regulations, such as the EU General Data Protection Regulation (GDPR), is crucial. This includes collaborating with information security and data governance functions to raise employee awareness through training and monitoring data protection efforts at Amana Bank.
Overall, the DPO maintains comprehensive records of data processing activities, interfaces with customers regarding data usage and rights, and collaborates across departments to ensure ongoing compliance with data protection laws and regulations. Compliance and Data Protection Officer at Amana Bank Tanzania March 2024
Key Competency Requirements:
- The ideal candidate for the position should possess strong analytical skills, enabling them to dissect complex data privacy issues and devise effective solutions. They must be adept at analyzing various factors to assess risks and formulate strategies for compliance with data protection legislation.
- Effective communication is paramount in this role, both orally and in writing. The candidate must be capable of conveying technical concepts and regulatory requirements clearly and persuasively to diverse stakeholders, including senior management and external regulatory bodies.
- Problem-solving proficiency is essential for swiftly addressing data privacy incidents and breaches. The candidate should demonstrate efficiency in identifying root causes, implementing corrective measures, and preventing recurrence.
- Expertise in data privacy legislation, particularly the General Data Protection Regulation (GDPR), and familiarity with local data protection laws are prerequisites. The candidate must possess an in-depth understanding of regulatory requirements and be able to interpret their implications for the organization’s data handling practices.
- Experience in managing data incidents and breaches is crucial. The candidate should be equipped to handle such situations effectively, minimizing impact and ensuring compliance with reporting obligations.
- A comprehensive knowledge of cybersecurity risks and information security standards is essential. The candidate should understand the intricacies of computer security systems and be capable of implementing measures to safeguard sensitive data.
- Given the banking sector’s unique data processing operations, familiarity with industry-specific practices and regulations is advantageous. The candidate should comprehend the nuances of banking data flows and possess insights into the sector’s data security and privacy needs.
- The ability to exercise good judgment in assessing data privacy risks and prioritizing resource allocation accordingly is vital. The candidate should demonstrate integrity, ethical conduct, and autonomy in carrying out their responsibilities.
Strong organizational skills are necessary for planning, prioritizing, and executing tasks and projects effectively. The candidate should be capable of managing multiple initiatives simultaneously and meeting deadlines consistently. Interpersonal skills are key for engaging with a diverse range of stakeholders. The candidate should cultivate trust and credibility at all levels of the organization, fostering collaboration and alignment in data privacy efforts.
In summary, the ideal candidate for this role should possess a blend of analytical prowess, communication proficiency, problem-solving acumen, regulatory expertise, and industry knowledge. They must demonstrate integrity, autonomy, and organizational agility in navigating the complex landscape of data privacy and security.
Qualifications and Experience required:
- Bachelor’s degree in law, ICT, Finance, or related field.
- At least 2 years banking experience.
- A legal, Compliance, IT Security, Data Governance or Audit background.
Reports to: Head of Risk and Compliance
How to Apply
Deadline for submission of application is 26th March 2024 All applications (include application letter, Resume, academic and professional certificates) should be sent through [email protected] Only shortlisted candidates will be contacted
READ ALSO: Songwe District Council Vacancies March 2024