Tuntufye Abel

Country Head of Risk with Ecobank Tanzania. A sole believer of doing business in a controlled environment, aligning risk strategies with business goals.

19 successful years in Tanzania banking system, including 12 years of managing Risk in Tanzania major banks that included identification and recruitment of talents to assist me that I eventually trained / coached them to become notable Risk Managers in the country.

Developed from ground zero risk and compliance frameworks of 4 banks in Tanzania. Coordinated development of business strategy, and successfully implemented compliance to Basel II standardized approach for Operational Risk.

Industry wide recognized resource for training on issues of Compliance including AML / CTF, Fraud risk, and Operational Risk.

[email protected]

Work Experience

Ecobank Transnational Incorporated, Dar es Salaam Tanzania, Country Head of Risk and Compliance, Mar 2018 ~ Present

Role objectives : to support business managers in meeting their goals to satisfy the needs of depositors, lenders, shareholders and regulators. Responsible for reviewing, assessing, measuring, approving and monitoring risks.


Negotiated successfully reduction of rent 40% reduction for Msimbazi branch in Ecobank

Azania Bank Limited Head Office, Dar es Salaam Tanzania, Head of Risk Management and Compliance, Dec 2015 ~ Mar 2018

Successfully developed modules, trained and rolled out Risk and Controls self-assessments RCSAs for operational risk

Established Control gaps assessments and closure processes

Identified and trained Risk Champions on Operational Risk and methodologies used in managing Operational risk.

Performed a critical review on banks credit portfolio and identified causes of defaults, developed training manuals from results of the review trained credit officers to tackle identified issues.

I&M Bank (T) Limited, Head of Risk and Compliance, Sep 2013 ~ Nov 2015

Successfully developed risk management framework of the bank that included setting up risk reporting structures (strengthened management ALCO and Liquidity meetings), developed 17 policies for all processes of the bank, and training employees on the contents of the policies.

CRDB BANK PLC, Dar es Salaam Tanzania, Credit Risk Manager, Aug 2011 ~ Aug 2013

Responsible for portfolio quality review, product and process reviews, management reporting on credit product performance, follow up implementations of loan collection strategies

Akiba Commercial Bank Ltd, Dar es Salaam Tanzania, Head of Risk and Compliance, Sep 2009 ~ Aug 2011

-Trained/Raised Risk awareness among ACB staff on Operational and Compliance risk Management.

-Successfully rolled out Operational Risk Management framework DRACA in 2010

-Successfully facilitated AML and BCM activities within the bank.

National Bank of Commerce Limited, Operational Risk Manager, Mar 2007 ~ Jun 2009

Bronze Heshima Award winner in leadership category for two consecutive years 2008 and

National Microfinance Bank T Limited now NMB Plc Dar es Salaam, Tanzania, Financial Analyst, Apr 2004 ~ Mar 2007

Working as a co secretary of the EXCO's strategic planning committee, I successfully coordinated preparation of the bank's Strategic plan in 2006. 

Coordinated development of the bank's first Risk inventory in 2006


Mzumbe University, Master of Business Administration (MBA), Master of Business Administration M.B.A., 2011 ~ 2013

University of Dar es Salaam, Bachelor of Science (BS), Bachelor of Commerce Finance Hons, 2000

Shinyanga Commercial Institute, High School Diploma, 1994 ~ 1996

Mbeya Secondary school, Other, Certificate in Secondary Education, 1990 ~ 1993

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