Anti-Money Laundering (AML) Officer – Minerals Development Company Botswana

Job Description

Minerals Development Company Botswana (Pty) Ltd (MDCB) is a state-owned Investment Company established to maximise resources through strategic investments and partnerships. We are committed to excellence, innovation, integrity and sustainable value creation.

MDCB is an equal opportunity employer committed to diversity, inclusion and merit-based recruitment. Qualified, experienced and result oriented Batswana citizens including persons living with disabilities who meet the minimum requirements are invited to join our high performing team in the following positions:

   – Anti-Money Laundering (AML) Officer

Main Purpose of the Job

Reporting to the Chief Governance Officer, the AML Officer will develop and support the implementation and maintenance of MDCB’s Anti-Money Laundering, Counter-Terrorist Financing and Compliance Framework by ensuring regulatory compliance, conducting risk assessments, monitoring transactions, and promoting a strong compliance culture across the organisation.

Key Responsibilities

• Proactively identify and assess MDCB’s operational environment for money laundering and terrorist financing risks and recommend and implement appropriate policies and controls to mitigate those risks.
• Implement and maintain AML/CFT policies and procedures.
• Monitor legislative and regulatory developments affecting AML compliance.
• Conduct enterprise-wide AML risk assessments.
• Perform customer and supplier due diligence (KYC/KYB). Ensure that the Know Your Customer (KYC) and the Know Your Business (KYB) documentation is complete and compliant with regulatory requirements.
• Monitor transactions and investigate suspicious activities.
• Prepare regulatory and management compliance reports.
• Liaise with regulatory and law enforcement agencies.
• Deliver AML awareness and compliance training to ensure pervasive adherence to AML & Counter-Terrorism Financing (CTF) regulations and global standards.
• Provide advice and guidance to management through the application of risk management principles, processes, policies, and procedures.
• Keep abreast of local and international standards and regulatory advancements to recommend them to enhance MDCB’s control environment.
• Undertake supplier and client due diligence by assessing risks and drafting reports with recommendations on client relationships or transactions throughout the supplier and client lifecycle.
• Handle the management and execution of the second line monitoring and assessment program for Anti-Money Laundering/Counter-Terrorism Financing (AML/CFT).
• Report any incident that MDCB needs to address using the appropriate reporting system and assist with the preparation of reports to regulatory authorities.
• Provide relevant compliance reporting to ensure the completion and proper analysis of suspicious activity reports that have been conducted.
• Provide routine updates to senior management and the board of directors on the overall health of the AML compliance program.
• Establish and maintain an up to date the Company’s internal AML and Counter-Terrorist Financing (CFT) policies and procedures.
• Conduct regular, organisation-wide risk assessments to identify vulnerabilities.
• Oversee the processes to verify customer identities and understand the nature of their business.
• Flag and manage high-risk clients, such as Politically Exposed Persons (PEPs) or entities from sanctioned jurisdictions.
• Ensure customer data is regularly updated and classified accurately based on risk profiles.
• Investigate internal alerts or suspicious behaviour flagged by staff.
• Draft and file accurate, timely SARs (or Suspicious Transaction Reports/STRs) to the Financial Intelligence Agency (FIA) and law enforcement agencies.

Qualifications and Experience

• Bachelor’s degree in law, Risk Management, Finance, Accounting, Business, or a related field.
• AML, Compliance or Fraud-related certification will be an added advantage.
• A minimum of Five (5) years’ relevant experience in AML, compliance, risk management or financial services.

Key Competencies

• Deep understanding of anti-money laundering and counter-terrorist financing (AML/CTF) regulations, including FATF recommendations and local jurisdiction requirements.
• Ability to configure alerts, calibrate thresholds, and effectively screen against global sanctions lists (e.g., OFAC).
• Enterprise-Wide Risk Assessments (EWRA) to develop and implement customised internal AML controls.
• Ability to distinguish genuine suspicious activity from “false positives” under high pressure.
• Meticulous eye for catching subtle, multi-layered transaction patterns or inconsistencies in customer behavior.
• Exceptional verbal and written communication to document investigation findings and explain complex risks to non-technical stakeholders, senior management, or law enforcement.
• Devising practical, actionable solutions to mitigate risks while balancing compliance requirements with business goals.
• Possessing unwavering ethical judgment and the ability to maintain unbiased opinions, avoiding conflicts of interest.
• Knowledge of AML/CFT legislation and FATF standards
• Attention to detail
• Integrity and ethical judgement
• Report writing

Why Join MDCB?

At MDCB, you will have the opportunity to contribute to Botswana’s economic transformation while working alongside talented professionals in an environment that values innovation, collaboration, integrity, and excellence.

How to Apply

Interested candidates who meet the above requirements are invited to submit a comprehensive Curriculum Vitae together with a cover letter outlining their suitability for the position.

Applications should be addressed to:

Chief Human Capital Officer
Minerals Development Company Botswana (Pty) Ltd
Private Bag BO55
Bontleng
Gaborone

Email to: [email protected]

Or hand deliver at:
Minerals Development Company Botswana (Pty) Ltd, Plot 74358, 1st Floor, Acacia House, Prime Plaza, New CBD, Gaborone. Tel: +267 3810300

Important: Applicants who have previously applied for the Research Analyst position are not required to reapply.

Only shortlisted candidates will be contacted.
The closing date for submission of applications is 31st July 2026.