African Century Limited

Compliance Manager

Banking Jobs

Job Description

The incumbent should ensure existence of an adequately designed compliance risk management framework, that is agile in dealing with the ever-evolving compliance universe and proactively identify are respond to the emerging compliance matters.

Duties and Responsibilities

• Identify, assess, monitor and advise the Board on compliance risk;
• Advise the Board on ways to comply with all applicable laws, codes of conduct and
standards of good practice, and assist the Board in complying with them;
• Align ACL’s internal compliance risk management definitions to the definitions and
guidelines proposed by the Central Bank.
• Enforce ACL’s compliance with internal policies, process flows, statutory and regulatory
requirements.
• Develop, update and coordinate implementation of the compliance program.
• Update and oversee implementation of the Anti-Money Laundering and Combating
Financing of Terrorism and Proliferation Financing (AML/CFT/CPF) Policies and
Procedures.
• Train staff periodically on money laundering, terrorist and proliferation financing
(ML/TF/PF) risks and related responses.
• Collaborate with Head Risk to develop and maintain the customer risk rating (CRR)
methodology to proactively assess ML/TF/PF risks that ACL is exposed to.
• Collaborate with Head Risk to conduct and update the institutional risk assessment (IRA).
• Report suspicious transactions and cash transaction return (CTR) to the Financial
Intelligence Unit (FIU) within stipulated timelines (Money Laundering Reporting Officer –
MLRO - role).
• Oversee timely submission of regulatory returns and any information requested by the
regulator(s).
• Perform other functions subject to such requirements and conditions as may be prescribed
by the regulator(s).

Qualifications and Experience

• Law, Risk or Banking and Finance undergraduate degree
• Master’s degree is an added advantage
• Compliance experience, with experience of reporting to the Board or Board Committees
• Demonstrated experience of liaising with the FIU

How to Apply

Curriculum Vitae with traceable references should be sent to careers@africancentury.co.zw by 23 January 2022.