AML/CFT & P Compliance Officer – Botswana Savings Bank

Main Purpose of the Job:

Responsible for coordinating the development and monitoring implementation of business risk and compliance framework as well as provide assurance on industry and regulatory compliance programs, Anti- Money Laundering & Combating the Financing of Terrorism and Proliferation, and Financial Crimes.

Core Accountabilities and Responsibilities:

• Assume ownership of compliance with the Internal Rules, the Customer Acceptance Policy, and Standard Operating Procedures (SOPs) and ensure that these are aligned to current legislative requirements and are kept up to date.
• Ensuring that all business onboarded by the Agency is compliant with the requirements of the law and the internal processes of BSB Insurance Agency.
• Conduct SOPs conformance testing on all SOPs and track management actions developed to address issues identified.
• Ensure the reporting of cash transactions and suspicious transactions on a timely basis.
• Assist in developing and maintaining effective AML/CFT&P policies and standards across the Agency and ensure that such policies and standards are embedded within the business processes.
• Maintaining an ongoing profile of key risks and emerging trends AML/CFT&P across the business.
• Monitor and keep up to date with risk management, compliance, AML/CFT&P, and Fraud developments domestically and internationally.
• Maintain the operational Risk Register and track management actions. Collate and report risk events and IBAMs.
• Conduct training on risk management, compliance, AML/CFT&P, and Fraud.
• Implement the Fraud Risk Management Programme and manage the Fraud Risk Management Policy.
• Conduct fraud investigations for all identified cases and provide appropriate reporting to Management.
• Conduct Data and Trend analysis of all data relating to risk management, compliance, AML/CF&P, fraud, and the general control environment.
• Manage regulatory level complaints.
• And any other duties that may be assigned to you from time to time.

UNDERTAKE OTHER RELATED ACTIVITIES AS DIRECTED BY HEAD, BANCASSURANCE/ PRINCIPAL OFFICER

Qualifications:

• Degree in Risk Management, Audit, Finance, Legal, Business, or related field. Post Graduate Qualification in Compliance Management.
• Certified Fraud Examiner qualification will be an added advantage.
• Certificate of Proficiency in either long-term or short-term insurance or both will be an added advantage.

Experience:

• At least two (2) years practical experience in a risk and compliance environment.

Competencies:

• Analytical Thinking.
• Communication and consultation skills.
• Time management skills and ability to meet deadlines.
• Achievement of work target & Teamwork.
• Upholding standards.