COMPLIANCE OFFICER

Full Time
Eswatini
Posted 7 hours ago

Website LUBANE SACCO LTD

JOB DESCRIPTION: COMPLIANCE OFFICER – LUBANE SACCO LTD

Position Title: Compliance Officer Reports To: Chief Executive Officer (CEO) Department: Compliance Department (New) Location: LUBANE SACCO Ltd

JOB PURPOSE

The Compliance Officer is responsible for establishing and leading the Compliance Department to ensure that LUBANE SACCO Ltd operates in full adherence to all applicable laws, regulations, policies, and internal procedures.

The role focuses on risk identification, monitoring, mitigation, and reporting, particularly in areas, not limited to:

Anti-Money Laundering (AML)
Counter Financing of Terrorism (CFT)
Proliferation Financing (PF)
Regulatory compliance
Operational and reputational risk

KEY RESPONSIBILITIES

1. COMPLIANCE FRAMEWORK & STRATEGY

Develop and implement a Compliance Management Framework aligned with SACCO risk assessment.
Establish, review, and enforce compliance policies, procedures, and controls.
Lead a risk-based compliance program, advise Management and the Board on regulatory changes and emerging risks.

2. REGULATORY COMPLIANCE & AML/CFT OVERSIGHT

Ensure compliance with all applicable laws, including AML and financial services regulations.
Oversee AML/CFT programs (KYC, CDD, EDD, transaction monitoring).
Ensure proper customer identification, ongoing transaction monitoring, and enhanced due diligence for high-risk clients and PEPs.

3. RISK MANAGEMENT, ASSESSMENT & MITIGATION

Conduct periodic compliance risk assessments to identify, analyse, and prioritize key risk exposures.
Identify, assess, and monitor compliance risks across all SACCO operations.
Develop and implement mitigation strategies covering credit, fraud, operational, regulatory, and reputational risks.
Maintain and regularly update a Compliance Risk Register with appropriate risk ratings and controls.

4. TRANSACTION MONITORING & REPORTING

Establish systems to detect suspicious transactions and fraud indicators.
Ensure timely filing of Suspicious Transaction Reports (STRs) and accurate record-keeping.
Monitor wire transfers for complete and compliant transaction information.

5. INTERNAL CONTROLS, AUDITS & INTERNAL AFFAIRS

Implement internal compliance controls and conduct regular compliance reviews and audits.
Investigate internal misconduct, fraud, policy breaches, and ethical violations in coordination with relevant departments.
Recommend corrective and disciplinary actions based on investigation findings.
Address identified gaps and collaborate with Internal Audit and Risk teams to strengthen internal controls.

6. REGULATORY LIAISON & REPORTING

Serve as the main contact with regulators.
Prepare and submit compliance reports and respond to inspections and inquiries.

7. TRAINING & AWARENESS

Develop and deliver staff training on AML/CFT, fraud prevention, internal controls, and ethical conduct.
Promote a strong compliance culture within the SACCO.

8. GOVERNANCE & ADVISORY ROLE

Advise the CEO and Board on compliance risks, internal control weaknesses, and regulatory matters.
Support strategic decision-making and participate in governance meetings.

9. DEPARTMENT LEADERSHIP

Establish and lead the Compliance Department.
Supervise staff under the compliance department, define roles, and set performance targets aligned with organizational goals.

SKILLS & COMPETENCIES

Strong knowledge of financial regulations and AML/CFT laws.
Risk assessment and mitigation expertise.
High integrity and ethical standards.
Strong analytical and investigative skills.
Leadership and decision-making ability.
Excellent communication and report writing skills.

QUALIFICATIONS & EXPERIENCE

Bachelor’s Degree in Law, Risk Management, Finance and/or Accounting will be an added advantage.
Professional certification (advantage): Compliance/Risk certifications.
3–5 years’ experience in compliance, risk, or audit within a financial institution.
Minimum 2 years in a senior or supervisory role.

HOW TO APPLY

Interested candidates should submit the following:

Comprehensive CV detailing industry experience and traceable references.
Certified copies of Academic Qualifications.

Send application to: marketing@lubane.co.sz

Closing Date: 19th May 2026

To apply for this job email your details to marketing@lubane.co.sz.