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Compliance Officer Responsibilities in Zimbabwe: A Key Role in Ensuring Regulatory Compliance

CBZ Holdings has announced an exciting career opportunity for a Prudential/Regulatory Compliance Officer within its Group Compliance Division. This key role is crucial in ensuring that the company remains compliant with emerging and existing regulatory requirements, maintaining a strong reputation in the market.

Key Responsibilities

Identifying Regulatory Changes and Compliance Issues

  • Identify and document changes in existing and emerging regulatory requirements
  • Document potential compliance issues that require follow-up or investigation

Monitoring Investigations and Providing Updates

  • Monitor the progress of investigations on compliance matters
  • Provide regular updates to management on compliance-related issues

Conducting Regulatory Awareness Campaigns

  • Assist in conducting regulatory compliance awareness campaigns for employees and stakeholders
  • Educate on changes in regulatory compliance

Research and Expert Advice

  • Test and interrogate research conclusions to determine practical application
  • Provide expert advice to management on compliance matters

Assessing Policy Impact and Effectiveness

  • Assess the impact of introducing new or revised policies and procedures on branches, products, customers, and transaction processes
  • Identify potential areas for improvement in existing policies and procedures
  • Evaluate the effectiveness of existing policies and procedures and initiate enhancements as needed

Additional Responsibilities

FATCA Compliance

  • Maintain a database for US citizens account holders to ensure compliance with FATCA requirements
  • Notify management of Business Unit failures to comply with FATCA requirements

Data Protection

  • Conduct regular reviews to ensure personal data is processed in compliance with applicable data protection rules
  • Identify potential breaches or areas for improvement in data processing

Requirements

Education and Qualifications

  • Bachelor’s degree in Business Management, Economics, Management, Accounting, or a related commerce field
  • Progression towards professional qualification in Compliance (e.g., IOBZ, ACCA, ICSAZ, CIMA)

Experience

  • At least three years’ experience in a Compliance Department, Risk Department, Audit Department, Retail Banking, or Banking Supervision & Surveillance Function

Skills and Competencies

  • High level of interpersonal skills with the ability to collaborate effectively
  • Good time management skills

Application Information

If you meet these criteria and are passionate about ensuring regulatory compliance, CBZ Holdings invites you to apply for this exciting career opportunity. The deadline for applications is October 31st, 2023.