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.

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)