Compliance Officer

  • Full time
  • Harare
  • @iHR Active posted 1 month ago
  • Posted : 8 April 2024 -Accepting applications

Vacancy Details

  • Career Level Qualified / Experienced
  • Experience 3 Years
  • What we do Accounting / Banking & Finance
  • Qualifications Bachelors DegreeCertificate level
Web design in Zimbabwe

Job Description

Our client, a leading money transfer service provider, is dedicated to facilitating secure and efficient financial transactions. With an established presence in the industry, our client is committed to upholding compliance with relevant laws, regulations, and policies.

They strive to provide reliable and trustworthy services to their customers, ensuring a seamless experience in the transfer of funds.

Our client is looking for a diligent and detail-oriented Compliance Officer to join their dynamic team. As a Compliance Officer, you will be responsible for ensuring that the organization complies with all applicable legal and regulatory requirements.

Your role will involve assessing compliance risks, conducting internal audits, formulating internal policies and procedures, and training employees to uphold statutory and regulatory obligations. You will play a critical role in maintaining the integrity of the organization’s operations and upholding its commitment to compliance.

Duties and Responsibilities:

  • Identify, assess, monitor, and advise management on compliance risks.
  • Conduct internal audits on financial and operational activities within the organization.
  • Align the organization’s internal compliance risk management definitions with guidelines proposed by the Reserve Bank of Zimbabwe.
  • Enforce compliance through the formulation and implementation of internal policies, process flows, and training programs.
  • Collate daily reports from all units, analyze performance, and provide recommendations.
  • Update and oversee the implementation of Anti-Money Laundering and Combating Financing of Terrorism and Proliferation Financing (AML/CFT/CPF) Policies and Procedures.
  • Collaborate with management to conduct and update the institutional risk assessment (IRA).
  • Report suspicious transactions and cash transaction returns (CTR) to the Financial Intelligence Unit (FIU) within stipulated timelines (Money Laundering Reporting Officer – MLRO role).
  • Ensure timely submission of regulatory returns and provide any requested information to the regulator(s).
  • Oversee and manage operational and compliance requirements for all branches.
  • Conduct periodic training for staff on money laundering, terrorist financing, and proliferation financing (ML/TF/PF) risks and responses.
  • Perform other functions as prescribed by the regulator(s).

Qualifications and Experience:

  • Degree in Risk Management or Banking and Finance.
  • Compliance Management Certification is a must.
  • Minimum of 3 years’ experience in compliance in banking, money transfer institutions, or financial institutions with significant knowledge of compliance and risk-related issues.
  • Possession of a valid driver’s license.
  • In-depth knowledge and application of banking laws.
  • Familiarity with Exchange Control Regulations in Zimbabwe.
  • Exceptional leadership traits.
  • Meticulous attention to detail.

To apply for this position, please submit your comprehensive curriculum vitae, certified copies of academic certificates, and a portfolio demonstrating your relevant experience no later than 11 April 2024.

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