Compliance Officer

Job description

Overview

We are recruiting!

Our client in Kitwe, is looking for a Compliance Officer to join their team for a job vacancy within the microfinance industry.

To apply, or for more information, follow the link below.

COMPLIANCE OFFICER

JOB PURPOSE

The Junior Compliance Officer supports the Compliance function in ensuring that the institution complies with the Banking and Financial Services Act, Bank of Zambia directives, AML/CFT laws, and internal policies applicable to banks and microfinance institutions in Zambia. The role provides entry-level exposure to regulatory compliance, risk management, and financial crime prevention under close supervision.

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KEY RESPONSIBILITIES

Regulatory Compliance Support

Assist in monitoring and interpreting regulatory requirements, circulars, and directives issued by the Bank of Zambia (BoZ) and other relevant authorities.
Support the preparation and timely submission of statutory and regulatory returns to BoZ and other regulators.
Maintain accurate compliance records, registers, and documentation in line with regulatory requirements.

Policies & Procedures

Assist with the implementation and periodic review of compliance policies, procedures, and manuals to ensure alignment with Zambian regulations.
Support dissemination of compliance policies across departments and branches.

AML/CTPF & KYC

Assist in implementing Anti-Money Laundering (AML) and Countering Terrorism Financing and Proliferation Financing (CTPF) controls in line with the Financial Intelligence Centre (FIC) guidelines.
Support customer onboarding through KYC and customer due diligence (CDD) reviews.
Assist with ongoing transaction monitoring and flag suspicious or unusual transactions for review.
Help prepare documentation for Suspicious Transaction Reports (STRs) and Cash Transaction Reports (CTRs) for submission to the FIC.

Compliance Monitoring

Participate in routine compliance monitoring and branch reviews under supervision.
Assist in identifying compliance gaps and documenting findings and corrective actions.
Follow up on implementation of agreed remedial actions.

Training & Awareness

Support compliance training and awareness programmes for staff.
Assist in maintaining training records and compliance attestations.

Reporting & Governance

Prepare basic compliance reports and summaries for review by senior compliance staff.
Support internal audits, external audits, and BoZ examinations as required.

KEY PERFORMANCE INDICATORS (KPIs)

Accuracy and timeliness of regulatory and compliance documentation
Completeness of AML/KYC customer files
Adherence to BoZ and FIC reporting timelines
Quality of compliance monitoring support
Participation in compliance training initiatives

QUALIFICATIONS & EXPERIENCE

Minimum Qualifications

Bachelor’s degree in Law, Banking & Finance, Accounting, Business Administration, Economics, or a related field.
Must have ZIALE qualification

Experience

0–2 years’ experience in compliance, risk, audit, or financial services (internships included).
Basic exposure to AML/ CTPF, KYC, or regulatory reporting is an advantage

SKILLS & COMPETENCIES

Basic understanding of the Zambian financial services’ regulatory environment
Knowledge of BoZ and Financial Intelligence Centre (FIC) requirements
Strong attention to detail and organisational skills
Good written and verbal communication skills
High ethical standards and integrity
Ability to work under supervision and follow procedures

WORKING RELATIONSHIPS

Internal: Compliance, Risk, Operations, Credit, Internal Audit, IT, HR
External: Bank of Zambia, Financial Intelligence Centre, Auditors (under supervision)

“All candidates are required to obtain their ZAQA certification from the Zambia Qualifications Authority (ZAQA)”