Position Overview

Zanaco Bank Plc is inviting applications from suitably qualified and experienced individuals for the following job aimed at contributing to the Bank’s strategic vision, in the CEO’s Division under the Compliance & Financial Crime at Head Office – Support Functions:

Role Description

Job Purpose: The Financial Crime Compliance Head is responsible for leading the Bank’s Financial Crime Compliance function by planning, managing, monitoring and reporting on activities that prevent, detect and mitigate financial crime risks. The role provides strategic and operational guidance to business units, branches and the compliance network to ensure effective implementation of AML/CFT/CPF, sanctions, customer due diligence and related regulatory requirements.

Job Responsibilities:

• Management of Financial Crime Compliance Risk: Identify, assess, monitor and report on financial crime compliance risks across the Bank. Escalate significant issues to the Executive Head, Compliance and Financial Crime, and ensure emerging legislation, regulatory obligations and upstream financial crime risks are captured, assessed and reflected in the Regulatory Obligations Register.
• Sustain a Compliance Culture & Awareness: Promote a strong compliance culture through targeted training, regular communication, advisory support and active engagement with business units, branches and relevant committees on financial crime compliance matters.
• Policies and Standards: Oversee the development, maintenance and implementation of policies, standards and procedures relating to anti – money laundering, counter-terrorist financing, counter – proliferation financing, sanctions and customer due diligence. Ensure all relevant policies remain current, approved and aligned to applicable laws, regulations and internal standards.
• Implementation: Lead the implementation, monitoring and continuous improvement of financial crime compliance policies, standards and controls across the Bank, ensuring business units understand and comply with their obligations.
• Network of Compliance Representatives: Maintain an effective network of Compliance Representatives across branches and business units to support AML/CFT/CPF implementation. Ensure representatives receive appropriate training, guidance, access and support to discharge their responsibilities effectively.
• Sanctions Monitoring, Suspicious Transaction Reports and Currency Transaction Reports: Oversee transaction monitoring and payment screening activities, including the timely updating of sanctions lists, review of alerts, escalation of suspicious activity and preparation or quality assurance of Suspicious Transaction Reports and Currency Transaction Reports in line with regulatory requirements.
• Subject Matter Expertise on Financial Crime Compliance Risks: Serve as the Bank’s subject matter expert on customer due diligence, know – your – customer requirements, sanctions, anti – money laundering, counter terrorist financing, counter proliferation financing, bribery and corruption risk management.
  • Conduct due diligence checks on customers, service providers and other parties involved in business relationships with the Bank.
  • Support ad hoc due diligence reviews and provide clear reports and recommendations to management.
  • Perform any other related duties assigned by management.
• Risk Assessment
  • Coordinate the annual AML/CFT/CPF risk assessment with support from all relevant business units.
  • Support the overall compliance risk assessment process by ensuring financial crime risks are appropriately identified, assessed, documented and monitored.
• Reporting
  • Prepare and coordinate weekly, monthly and quarterly financial crime compliance reports for management and relevant governance forums.
  • Prepare ad hoc reports requested by management, regulators or governance committees.
• External Relations
  • Support the Executive Head, Compliance and Financial Crime in maintaining effective relationships with regulators, correspondent banks and other external stakeholders.
  • Ensure the Bank’s position is appropriately represented and regulatory

Any other duties as assigned by superiors.

Requirements

Qualifications & Experience:

• Full Grade 12 Certificate with 5 Credits; including English and Mathematics.
• Minimum education: Bachelor’s Degree in Business, Law, Finance, Banking, Economics, Risk Management or another relevant field.
• Professional qualification: Relevant professional qualification in compliance, financial crime compliance, risk management, audit, banking Accounting or a related discipline.
• Minimum experience: 8 – 10 years’ experience in compliance, financial crime risk management, AML/CFT/CPF, sanctions, banking, audit or regulatory oversight, including at least 3 years in a management or leadership role.
• Certifications: Certification in Anti-Money Launding (ACAMS), compliance, sanctions, financial crime prevention or risk management are preferred.

Job Core Competencies:

• Technical competencies: Strong knowledge of AML/CFT/CPF, sanctions, customer due diligence, suspicious activity reporting and financial crime risk management.
• Regulatory interpretation: Ability to interpret laws, regulations, supervisory guidance and internal policies and translate them into practical controls and business requirements.
• Risk assessment and monitoring: Ability to identify, assess, monitor, escalate and report financial crime compliance risks effectively.
• Investigation and reporting: Strong analytical, investigative, report – writing and presentation skills, including the ability to prepare clear management and regulatory reports.
• Stakeholder management: Ability to engage, influence and advise business units, branches, governance committees, regulators and correspondent banks.
• Leadership and people management: Ability to lead teams, coach staff, coordinate compliance representatives and promote a strong compliance culture.
• Governance and assurance: Ability to oversee policies, standards, procedures, controls, monitoring activities, audit responses and remediation actions.
• Behavioural competencies: High integrity, sound judgement, accountability, attention to detail, resilience and results orientation.
• Business orientation: Customer – focused with the ability to balance regulatory requirements, financial crime risk management and business objectives.

• Identify, assess, monitor and report on financial crime compliance risks across the Bank.
• Promote a strong compliance culture through targeted training, regular communication, advisory support and active engagement with business units, branches and relevant committees on financial crime compliance matters.
• Oversee the development, maintenance and implementation of policies, standards and procedures relating to anti – money laundering, counter-terrorist financing, counter – proliferation financing, sanctions and customer due diligence.
• Lead the implementation, monitoring and continuous improvement of financial crime compliance policies, standards and controls across the Bank, ensuring business units understand and comply with their obligations.
• Maintain an effective network of Compliance Representatives across branches and business units to support AML/CFT/CPF implementation.
• Oversee transaction monitoring and payment screening activities, including the timely updating of sanctions lists, review of alerts, escalation of suspicious activity and preparation or quality assurance of Suspicious Transaction Reports and Currency Transaction Reports in line with regulatory requirements.
• Conduct due diligence checks on customers, service providers and other parties involved in business relationships with the Bank.
• Support ad hoc due diligence reviews and provide clear reports and recommendations to management.
• Coordinate the annual AML/CFT/CPF risk assessment with support from all relevant business units.
• Support the overall compliance risk assessment process by ensuring financial crime risks are appropriately identified, assessed, documented and monitored.
• Prepare and coordinate weekly, monthly and quarterly financial crime compliance reports for management and relevant governance forums.
• Prepare ad hoc reports requested by management, regulators or governance committees.
• Support the Executive Head, Compliance and Financial Crime in maintaining effective relationships with regulators, correspondent banks and other external stakeholders.
• Perform any other related duties assigned by management.
• Any other duties as assigned by superiors.

• Strong knowledge of AML/CFT/CPF, sanctions, customer due diligence, suspicious activity reporting and financial crime risk management.
• Ability to interpret laws, regulations, supervisory guidance and internal policies and translate them into practical controls and business requirements.
• Ability to identify, assess, monitor, escalate and report financial crime compliance risks effectively.
• Strong analytical, investigative, report – writing and presentation skills, including the ability to prepare clear management and regulatory reports.
• Ability to engage, influence and advise business units, branches, governance committees, regulators and correspondent banks.
• Ability to lead teams, coach staff, coordinate compliance representatives and promote a strong compliance culture.
• Ability to oversee policies, standards, procedures, controls, monitoring activities, audit responses and remediation actions.
• High integrity, sound judgement, accountability, attention to detail, resilience and results orientation.
• Customer – focused with the ability to balance regulatory requirements, financial crime risk management and business objectives.

• Full Grade 12 Certificate with 5 Credits; including English and Mathematics.
• Bachelor’s Degree in Business, Law, Finance, Banking, Economics, Risk Management or another relevant field.
• Relevant professional qualification in compliance, financial crime compliance, risk management, audit, banking Accounting or a related discipline.
• Certification in Anti-Money Launding (ACAMS), compliance, sanctions, financial crime prevention or risk management are preferred.