Financial Crime World

Compliance Officer Responsibilities and Duties in Lesotho

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Lesana Financial Services has announced a vacancy for a Statutory & Compliance Officer (Lesotho) to strengthen its compliance functions. The successful candidate will be responsible for administering statutory functions and implementing compliance management for the company.

Key Responsibilities

As a key member of the compliance team, the officer will ensure that Lesana Lesotho Limited complies with all relevant legislation, including the Companies Act. Specific duties include:

  • Administering meetings of directors and shareholders in line with the group’s finance calendar and ensuring compliance with relevant legislation
    • Preparing and filing annual returns
    • Submitting regulatory filings related to changes in share capital, shareholders, directors, officers, and other company information
  • Reviewing and monitoring internal practices and procedures to ensure compliance with regulatory requirements and current policies
  • Analyzing and reporting on new or proposed rules or regulations that may impact the business
  • Liaising with regulators and managing on-site inspections and report backs

Additional Responsibilities

The successful candidate will also be responsible for:

  • Conducting Anti-Money Laundering (AML) assessments, monitoring, screening, reporting, and ensuring that processes and systems meet company policies and procedures as well as regulatory requirements
  • Providing input to the group in terms of establishing controls to mitigate risks
  • Updating, monitoring, and reporting on compliance-related matters, including breaches, material incidents, near misses, and compliance reports to management and the Group Compliance Officers

Requirements

The ideal candidate should have:

  • A relevant undergraduate qualification (BA LLB or similar degree is preferable)
  • At least three years’ experience in a compliance role within the financial services industry
  • Familiarity with and knowledge of compliance and regulatory requirements in Africa will be an advantage

Key Competencies

The successful candidate should demonstrate:

  • Excellent interpersonal and communication skills, both verbal and written
  • Strong negotiation skills and sound judgment
  • A self-assured and confident manner
  • Ability to handle multiple tasks within strict timeframes
  • Strong attention to detail

Location and Compensation

The position is based at Lesana’s office in Maseru, Lesotho. The successful candidate will receive an annual cost-to-company remuneration package commensurate with the technical skills and experience of the successful candidate.

If you are interested in this opportunity, please forward your application to Tracey Strong at strongt@africanalliance.com.