Financial Crime World

Here is the rewritten article in Markdown format:

Compliance Officer Role and Responsibilities in Zimbabwe

A reputable financial institution in Zimbabwe is seeking a detail-oriented and knowledgeable Compliance Officer to join its team. The ideal candidate will play a critical role in identifying, assessing, and managing compliance risks within the organization.

Responsibilities

As a Compliance Officer, your responsibilities will include:

  • Conducting internal audits on financial and operational activities across all units
  • Ensuring alignment with regulatory guidelines
  • Formulating and implementing internal policies
  • Collaborating with management to assess institutional risks

Key Duties and Responsibilities

• Compliance Risk Management: Identifying, assessing, monitoring, and advising management on compliance risks • Internal Audits: Conducting internal audits on financial and operational activities across all units • Regulatory Alignment: Aligning the organization’s internal compliance risk management definitions with regulatory guidelines • Policy Enforcement: Enforcing compliance through formulation and implementation of internal policies, process flows, and training programs • Reporting: Collating daily reports from all units, providing comprehensive analysis, and making recommendations • AML/CFT/CPF Policies and Procedures: Updating and overseeing the implementation of Anti-Money Laundering and Combating Financing of Terrorism and Proliferation Financing (AML/ CFT/CPF) Policies and Procedures • Institutional Risk Assessment: Collaborating with management to conduct and update the institutional risk assessment (IRA) • Suspicious Transactions Reporting: Reporting suspicious transactions and cash transaction returns (CTR) to the Financial Intelligence Unit (FIU) within stipulated timelines • Regulatory Returns: Overseeing the timely submission of regulatory returns and responding to information requests from regulators • Branch Resourcing: Ensuring adequate resourcing for all branches in terms of operational and compliance requirements • Staff Training: Periodically training staff on money laundering, terrorist financing, and proliferation financing (ML/TF/ PF) risks and responses

Requirements

To be considered for this role, you will need:

  • A degree in Risk Management or Banking and Finance
  • Compliance Management Certification is mandatory
  • Minimum of 3 years’ experience in Compliance in banking, money transfer institutions, or financial institutions with significant knowledge of compliance/risk-related issues
  • Possession of a valid driver’s license
  • Knowledge of banking laws and the ability to interpret and apply them accurately
  • Familiarity with Exchange Control Regulations in Zimbabwe
  • Exceptional leadership traits and strong attention to detail

Remuneration Package

The remuneration package includes:

  • A net salary of USD350.00 per month
  • A monthly performance-based bonus of USD200.00 in line with the internal Performance Reward Policy

Application Instructions

If you are interested in this exciting opportunity, please submit your CV along with two (2) reference letters from previous employers. You can apply online at https://www.workinzimbabwe.com/jobs/compliance-officer-3/.