Manager – Compliance and AML ExpressCredit Zambia

ExpressCredit is a global consumer finance company operating in Zambia and three surrounding countries, including Namibia, Botswana, and Lesotho.

We operate a multi-channel lending platform for private and government sector employees underserved by mainstream financiers. As a good corporate citizen, our goal is to help people in need of short-term and long-term financial assistance – all of which make a meaningful and lasting impact on the local communities.

ExpressCredit is a game-changer and one of the fastest microlenders in the country. A combination of new technologies, mobile sales, and a network of branches and direct sales positions us well for growth and building a sizeable, well-performing loan portfolio.

Express Credit Zambia seeks to recruit a self- motivated, experienced, skillful and result oriented professional based in Lusaka for Compliance and AML Manager position based in Lusaka.

Key Responsibilities

The position holder is responsible for but not limited to the following;

• Control of employees and activities in the area of AML/CTF
• Ensure Implementation of the law and other financial regulations in the field of AML/CTF;
• Propose policies and procedures and their revision in the field of AML/CTF;
• Communicate with the regulatory authority to AML/CTF;
• Communicates with correspondent financial companies in the field of AML/CTF;
• Checks and verifies reports in the field of AML/CTF;
• Analyzes and monitors certain customers and transactions and prepares reports on them;
• Prepares a plan and materials for training employees in the area of AML/CTF and conducts training;
• Preparation and regular updating of risk assessment for money laundering and terrorist financing
• Preparation and implementation of a Program for effective reduction and management of the identified risk of money laundering and terrorist financing
• Reviewing and updating the internal control framework, including customer analyses, suspicious activity, suspicious transaction monitoring etc;
• Notification and submission of data, information and documentation to the Administration in accordance with the provisions of this law and the by-laws adopted on its basis;
• Performs internal control over the implementation of measures and actions to prevent money laundering and terrorist financing at least once a year in the current year for the previous year and prepares documentation for the ascertained findings of the conducted control.
• Monitoring and ensuring company’s compliance with applicable laws, regulations, and industry standards;
• Conducting regular compliance assessments and audits to identify and address potential (non) compliance risks;
• Investigating and reporting any compliance breaches or violations;
• Developing, implementing, and updating compliance policies and procedures;
• Provides and conducts compliance training for all departments;
• Creates and maintains compliance and culture of corporate governance in the company;
• Person responsible for cooperation with regulatory bodies on compliance issues and ensuring timely submission of required reports and information;
• Designs and implements the New Product Approval Process;
• Prepares AML/CTF and compliance reports.

Qualifications and Requirements

• Grade 12 certificate with 5 credit or better of which English and Mathematics are a must;
• Bachelor’s degree or master’s in finance, Accounting, Business management, Legal or other related fields;
• 4 years plus experience in compliance, AML or related field;
• CAMS Certification and knowledge of AML/CFT
• Must be based in Lusaka or willing to self-relocate
• local/regional/international regulatory requirements;
• Excellent interpersonal communication skills are a must as it is necessary to relay alternative solutions regarding AML/KYC issues to staff members.
• Previous experience in Microfinance, or financial services sector will be advantageous.
• Excellent time management, analytical and organizational skills with a strong customer centric focus.
• High degree of confidentiality required (Maintain confidentiality regarding all information being processed, stored, or accessed).
• Approachable and team player with problem solving skills.
• Excellent verbal and communication skills in English.
• Proactiveness and Assertiveness.
• Ability to communicate effectively and assertively
• Must possess planning and time management skills
• Clean and valid driving license. Must have at least one year driving experience