Financial Crime World

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Botswana Savings Bank Sees Rise in Compliance Officer Demands

The financial sector in Botswana is witnessing a significant increase in the demand for compliance officers, driven by the need for businesses to adhere to stringent regulations and laws. In line with this trend, Botswana Savings Bank has recently announced an opening for an AML/CFT & P Compliance Officer position.

The Role of an AML/CFT & P Compliance Officer

As a compliance officer at Botswana Savings Bank, the successful candidate will be responsible for ensuring that the bank operates in accordance with relevant laws and regulations. This includes coordinating the development and implementation of business risk and compliance frameworks, as well as providing assurance on industry and regulatory compliance programs.

Key Responsibilities of the Role

The AML/CFT & P Compliance Officer at Botswana Savings Bank will be required to:

  • Develop and maintain effective AML/CFT&P policies and standards across the bank
  • Conduct SOPs conformance testing and track management actions developed to address issues identified
  • Ensure timely reporting of cash transactions and suspicious transactions
  • Maintain an ongoing profile of key risks and emerging trends in AML/CFT&P
  • Monitor and keep up-to-date with risk management, compliance, AML/CFT&P, and Fraud developments domestically and internationally

Requirements for the Role

To be considered for the position, applicants must possess a degree in Risk Management, Audit, Finance, Legal, Business, or related field. Postgraduate qualifications in Compliance Management are also highly desirable. Additionally, Certified Fraud Examiner (CFE) certification will be an added advantage.

Ideal Candidate Profile

The ideal candidate should have at least two years of practical experience in a risk and compliance environment. Key competencies required for the role include:

  • Analytical thinking
  • Communication and consultation skills
  • Time management skills
  • Achievement of work targets
  • Teamwork

Closing Date for Applications

Applications for the AML/CFT & P Compliance Officer position at Botswana Savings Bank are open until July 12, 2024.