Financial Crime World

Compliance Officer Role and Responsibilities in Zimbabwe

The Infrastructure and Development Bank of Zimbabwe (IDBZ) is seeking a highly qualified candidate for the role of Principal Compliance Officer. This critical position plays a vital part in ensuring that the bank maintains a sound compliance risk management framework.

Job Responsibilities

  • Monitor compliance with regulatory requirements, internal policies and procedures, and applicable laws.
  • Conduct compliance risk assessments of new business initiatives to identify potential issues.
  • Identify and mitigate identified compliance risks.
  • Provide support for client complaints management.
  • Prepare periodic compliance risk reports for senior management.
  • Collaborate with the Risk Management, Internal Audit, and Legal Counsel departments to ensure effective risk and compliance control environment.

Key Responsibilities

  • Manage the Anti-Money Laundering (AML) program.
  • Monitor transactions and account activity to identify suspicious transactions.
  • Report suspicious transactions to relevant authorities.
  • Share knowledge of compliance management systems.
  • Maintain an effective compliance communication program for the bank.

Requirements

  • Postgraduate degree or equivalent professional qualification in law, accounting, finance, or a related field.
  • Minimum 5 years of hands-on experience in compliance and risk management.
  • Strong communication and presentation skills.

Application Guidelines

  • Female candidates are strongly encouraged to apply.
  • Applications must be submitted together with a detailed curriculum vitae by no later than Monday, June 10, 2024.
  • Applications should be addressed to the Director-Corporate Services and Human Resources at IDBZ House, 99 Gamal Abdel Nasser Road, Harare.

About IDBZ

The Infrastructure and Development Bank of Zimbabwe is committed to uplifting the livelihoods of all Zimbabweans through development financing. This role plays a critical part in ensuring that the bank maintains a strong compliance framework and upholds its commitment to ethical business practices.