RISK MANAGEMENT FOR SOCIAL SECURITY SCHEMES

Class Description

RISK MANAGEMENT FOR SOCIAL SECURITY SCHEMES FROM 23RD TO 27TH SEPTEMBER 2024 AT BANK OF TANZANIA ACADEMY MWANZA

A. INTRODUCTION
The Bank of Tanzania Act, 2006 and the Banking and Financial Institutions Act, 2006 mandate the Bank of Tanzania to license, regulate and supervise banks and financial institutions in Tanzania. As a regulator, the Bank of Tanzania is entrusted with the responsibility of ensuring a stable, sound and safe banking sector and financial system at large.
Social security schemes are a crucial component of the financial sector. They are established by legislation to maintain individual or family income or to provide income when some or all sources of income are disrupted or terminated or when exceptionally heavy expenditures have to be incurred. Effective social security systems guarantee income security and health protection, thereby contributing to the prevention and reduction of poverty and inequality, and the promotion of social inclusion and human dignity.
Effective risk management is a fundamental part of corporate governance, which has become central to modern regulation of most types of financial institution, risk management provide a framework for identifying, assessing, managing, and controlling potential events or situations to provide reasonable assurance regarding the achievement of scheme’s objectives
In view of the foregoing, the Bank of Tanzania Academy has organized Risk Management for Social Security Schemes training for Social Security Funds and other Financial Institutions staff from 23rd to 27th September 2024 at the Bank of Tanzania Academy Mwanza.

B. OBJECTIVE OF THE COURSE
To provide a framework for identifying, assessing, managing, and controlling potential events or situations to provide reasonable assurance regarding the achievement of scheme’s objectives to staff of Social Security Schemes and Financial Institutions responsible for Risk Management.

C. CONTENTS OF THE COURSE
Overview of Risk Management in the world and Tanzania
i. Risk Management Plan and Processes
ii. Independent Review
iii. Risk Governance
iv. Business Continuity on Risk Management
v. Best Practice and Case Studies (In beyond borders and in Tanzania)
vi. Guidelines for Developing and Implementing Institutional Risk Management Framework in the Public Sector Entities of 2023 by the Internal Auditor General’s Division.

D. TARGET GROUP
This course is designed specifically for Risk Managers, Actuaries, Compliance Officers, Finance Officers, Investment Officers, Internal Auditors, Legal Officers, and Board Members from social security funds and other financial institutions.

E. SCHEDULED DATES AND DURATION
Five (5) days: From 23rd to 27th September 2024. First Day Registration starts at 08.30 AM on 23rd September 2024.

F. COURSE FACILITATORS
This course will be facilitated by the Bank of Tanzania Academy in collaboration with experts in Risk Management.

G. VENUE
The Bank of Tanzania Academy in Mwanza

H. FEES
Fee for each participant is TZS 1 million or USD 1000 for non-residents covering tuition, course materials, lunch and mid-session refreshments. Participants will be responsible for their travel costs and upkeep. Please make your fees payment using the following channel:
Local Participants
Bank Transfer through TISS Transferee Bank: Bank of Tanzania
Account Number: 9944713006
Account Name: Course Fees
SWIFT CODE: TANZTZTXXXX
Foreign Participants
Bank Name: Citibank Bank
Bank Swift Code: CITIUS33
Account Holder: Bank of Tanzania
Account Number: 36113007

I. MODE OF APPLICATION
Send a letter, an e-mail or make a phone call to the Academy through any of the mentioned contacts below. The course will accommodate 30 participants, and the first-come-first-served principle will apply. Applications should reach us at least two (2) working days before commencement of the course. All applications should be addressed to:
The Principal,
Bank of Tanzania Academy,
P. O. Box 131, Capri-Point,
MWANZA
+255 (0) 28 2 500 982/709/983 +255 (0) 28 2 500 984
Email: academy@bot.go.tz