About Coop Bank

Cooperative Bank of Tanzania (CBT), also known as Coop Bank, is a commercial bank established through the historic merger of Kilimanjaro Cooperative Bank (KCBL) and Tandahimba Community Bank (TCBL).The Co-operative Bank of Kenya is a publicly listed entity on the Nairobi Securities Exchange (NSE).

Job Role

Chief Financial Officer (CFO) will provide strategic and operational leadership in financial planning, management, treasury, operations, regulatory compliance, and risk management. This role is crucial for ensuring the bank’s financial stability and sustainability while adhering to the Bank of Tanzania regulations.

Qualifications

1. A holder of Bachelor’s degree in Finance, Accounting, Economics, Business Administration or related fields
2. Master’s degree Finance, MBA, and professional verification (CPA (T), ACCA, CFA, or CIMA
3. Working experience of not less than 10 years of professional experience in the banking/financial services, 5 of which must be in Senior Executive level
4. Proven experience in strategy development, product development/innovation and digital transformation
5. Deep understanding of the Tanzanian banking landscape especially in cooperative or microfinance.

Responsibilities

1. Lead and mentor finance and treasury teams, fostering a culture of accountability and continuous improvement.
2. Collaborate with the Risk & Compliance Department to identify and mitigate financial risks and establish internal controls.
3. Manage treasury operations, cash flow, and liquidity levels while maintaining relationships with financial institutions.
4. Ensure compliance with BoT guidelines, tax laws, and IFRS standards, and liaise with regulatory bodies.
5. Oversee budgeting, forecasting, and financial analysis to support strategic decision-making and optimize profitability.
6. Develop and implement the bank’s financial strategy aligned with cooperative principles and sustainable business objectives.

Important Notes

1. An application letter not exceeding 3 pages showing how you meet the position requirements
2. Coop Bank is an equal opportunity employer and promotes gender equality.
3. Copies of your university degrees and its transcript (For Foreign Universities degree attach TCU letter of recognition of your degree).
4. Copy of your identification card e.g. drivers license, NIDA
5. Send your application pack in pdf format comprising documents in (a)-(e) addressed to the Managing Director, Coop Bank Tanzania only through Ernst & Young email address
6. Contact address including telephone number(s) and email address(s) and
7. Names and full addresses/contacts of three (3) professional related referees