Financial Crime World

Compliance Officer Responsibilities Take Centre Stage in Zimbabwe: IDBZ Seeks Principal Compliance Officer

Strengthening Risk Management Framework at Industrial Development Bank of Zimbabwe (IDBZ)

In a move to enhance its risk management framework, the Industrial Development Bank of Zimbabwe (IDBZ) has announced an opening for a Principal Compliance Officer. The successful candidate will play a vital role in ensuring that the bank maintains a robust compliance risk management system aligned with applicable laws, regulatory requirements, industry codes, internal policies and procedures, as well as best practice.

Significance of the Appointment

The IDBZ’s search for a seasoned compliance professional comes at a time when the financial sector in Zimbabwe is undergoing significant reforms. The appointment of a Principal Compliance Officer will be instrumental in supporting the bank’s efforts to maintain a sound compliance risk management framework that safeguards its reputation, ensures customer trust, and protects against regulatory non-compliance.

Key Responsibilities

As a Principal Compliance Officer, the successful candidate will be responsible for:

  • Developing and implementing effective compliance policies and procedures
  • Conducting regular risk assessments and monitoring compliance with relevant laws and regulations
  • Working closely with senior management, departments, and other stakeholders to identify, assess, and mitigate potential risks associated with non-compliance

Requirements for Success

To succeed in this role, the candidate will need to demonstrate:

  • A strong background in banking, finance, or law
  • Excellent communication, analytical, and problem-solving skills
  • Ability to work independently, think critically, and build effective relationships with stakeholders

Application Details

The application deadline is June 10, 2024. If you are a seasoned compliance professional looking for a new challenge, don’t miss this opportunity to join the IDBZ team and contribute to strengthening its risk management framework.