Compliance Officer
Full Time
1 week ago
Lusaka, Lusaka
Important notice
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Employment Information
Roles and Responsibilities
- Develop, implement, and monitor the company's compliance programme, including Anti-Money Laundering (AML), Combating the Financing of Terrorism (CFT), and sanctions screening.
- Serve as the primary contact for PIA compliance inspections and periodic regulatory submissions.
- Maintain the fit-and-proper register for directors, senior officers, and key employees.
- Conduct compliance risk assessments and organise staff training on regulatory requirements.
- Monitor compliance breaches and coordinate appropriate corrective actions.
- Ensure adherence to the Insurance Act No. 38 of 2021, PIA regulations, and other applicable laws.
- Oversee Know Your Customer (KYC) procedures, client onboarding, and proper record-keeping.
Qualifications and Requirements
- Bachelor's Degree in Law, Insurance, Finance, Business Administration, or a related field.
- Minimum of five (5) years' compliance experience in insurance, reinsurance, banking, or financial services.
- Strong knowledge of the Zambian insurance regulatory framework, AML/CFT legislation, and PIA requirements.
- Professional compliance or insurance qualification, such as IIZA membership, CII, or equivalent, is strongly preferred.
- Full Grade 12 certificate.
Additional Details
Employment Type: Full-time
Reports To: CEO / Audit Committee
Responsibilities
- Develop, implement, and monitor the company's compliance programme, including Anti-Money Laundering (AML), Combating the Financing of Terrorism (CFT), and sanctions screening.
- Serve as the primary contact for PIA compliance inspections and periodic regulatory submissions.
- Maintain the fit-and-proper register for directors, senior officers, and key employees.
- Conduct compliance risk assessments and organise staff training on regulatory requirements.
- Monitor compliance breaches and coordinate appropriate corrective actions.
- Ensure adherence to the Insurance Act No. 38 of 2021, PIA regulations, and other applicable laws.
- Oversee Know Your Customer (KYC) procedures, client onboarding, and proper record-keeping.
Skills
- Knowledge of Anti-Money Laundering (AML), Combating the Financing of Terrorism (CFT), and sanctions screening
- Knowledge of the Zambian insurance regulatory framework, AML/CFT legislation, and PIA requirements
- Compliance programme development, implementation, and monitoring
- Compliance risk assessment
- Regulatory submissions and compliance inspection coordination
- Staff training on regulatory requirements
- Compliance breach monitoring and corrective action coordination
- Know Your Customer (KYC) procedures, client onboarding, and record-keeping
Qualifications
- Bachelor's Degree in Law, Insurance, Finance, Business Administration, or a related field
- Minimum of five (5) years' compliance experience in insurance, reinsurance, banking, or financial services
- Strong knowledge of the Zambian insurance regulatory framework, AML/CFT legislation, and PIA requirements
- Professional compliance or insurance qualification, such as IIZA membership, CII, or equivalent, is strongly preferred
- Full Grade 12 certificate
How to Apply
Job application procedure
Interested in applying for this job? Click here to submit your application now.
Submit your application as a single merged PDF document to:
- Cover letter.
- Detailed Curriculum Vitae (CV) containing at least two traceable references.
- Certified copy of the National Registration Card (NRC).
- Certified copy of the Grade 12 School Certificate.
- Certified copies of all academic and professional qualifications.
- Proof of professional membership, where applicable (e.g. Insurance Institute of Zambia – IIZA or Zambia Institute of Chartered Accountants – ZICA).
Use Compliance Officer as the subject.
