BotswanaPost seeks to deliver sustainable innovative business growth through people excellence and a commitment to provide exceptional customer experience whilst continuously building a high-performance and people-centered company that is fit to serve and fit to grow. The company through its subsidiary, PosoInsure invites suitably qualified, innovative, results-orientated, resilient and self-driven individuals to apply for the positions described below and join a team of professionals to drive service excellence.
ANTI-MONEY LAUNDERING AND COMBATING THE FINANCING OF TERRORISM (AML/CFT COMPLIANCE OFFICER – GABORONE) BPS 33/2/1 VOL.1 (40).
JOB SUMMARY
This role is responsible for supporting the Principal OfficerInsurance in the execution of the Compliance framework and enterprise wide risk management processes in order to minimise or prevent losses arising from incidents. The position directly reports to Principal Officer.
KEY RESPONSIBILITIES
• Conduct monitoring and testing routines of existing internal controls designed to detect unusual/suspicious activities and to test for adherence to the Company’s AML/CFT policies and procedures;
• To ensure that the Company has an AML/CFT policy in place as well as provision for annual review of the AML/ CFT policy. The AML/CFT policy is required to be approved at Board level or by Senior/Executive Management;
• To monitor, review and coordinate applications and enforcement of the Company’s AML/CFT policies. This will include an AML/CFT risk assessment, practices, procedures and controls for account opening, KYC procedures and ongoing account/transaction monitoring for detecting suspicious transaction/account activity;
• To be the central point of contact for communicating with the regulatory and/or investigation agencies regarding issues related to the Company’s AML/CFT program.
• To coordinate and monitor day to day compliance with applicable AML/CFT related laws and regulations, the Financial Intelligence Act and its regulations, as well as with its internal policies, practices, procedures and controls;
• To at all times have full and timely access to customer identification data, transaction records and other relevant information;
• To implement and enforce corporate wide AML/CFT policies;
• Identify the major AML/CFT risk trends (weekly, monthly, quarterly, and semi-annually);
• Proactively identify best practices to ensure compliance with regulatory requirements;
• Identify and provide recommendations on areas of improvement to close gaps to the Principal Officer, communicates and works with business units to resolve identified gaps;
• Provide professional written reporting on a regular basis, and as directed or requested, to keep Senior Management informed of the operation, quality of testing and monitoring routines, emerging trends, and progress of compliance efforts;
• Prepare and/or submit unusual transactions, Suspicious Transactions Reports (STRs) and other reports within specified timeline;
• Support business units by providing advice on inquiries, escalations, and/or resolutions;
• Provide support to business units to ensure compliance issues/concerns are being appropriately evaluated, investigated and resolved.
• Manage the change process by translating change imperatives into projects/programs, goals, priorities and contingencies as well as redesign structures, systems and processes for change.
• Evaluate exposure and risks in the business environment, assess effect of findings on operating processes and Company performance which may lead to product and process innovation to improve service levels;
• Analyse to deduce patterns of risk exposure and predict future trends.
• Ensure in-depth knowledge and understanding of relevant laws impacting on the Company and engaging industry bodies proactively through respective organization in order to build a good reputation;
QUALIFICATIONS
• Bachelor’s Degree in Risk Management, Business Management, Accounting or Insurance or related field. Membership of professional bodies such as Certified Risk Analyst or Fraud Investigation or equivalent;
• Three to five (3-5) years’ risk, security and compliance experience at managerial level.
• Knowledge of risk assessment and accounting system and tools will be an added advantage.
EXPERIENCE
• A minimum of three to five (3-5) years business experience in a solution development environment centred around technology or product development, four (4) of which must have been in a supervisory/management capacity.
COMPETENCIES
• Leadership skills
• Ability to lead change initiatives at a functional level;
• Organizing and Coordinating
• Analytical thinking and problem solving
• Ability to be initiative and be proactive
• Innovative
• Strong and influential negotiation skills
• Ability to establish and maintain effective relationship
• Excellent communication skills
• Coaching and developing team.
BENEFITS
PosoInsure offers attractive salaries and benefit packages that are commensurate with qualifications and experience.
APPLICATION INSTRUCTIONS
Only candidates who meet the above requirements need to apply by enclosing an application letter, detailed curriculum vitae, copies of certified certificates and Omang/ID to:
Chief Human Capital Officer
BotswanaPost
P.O. Box 100
Gaborone
OR email a complete application to: recruitment@botswanapost.co.bw clearly stating the position applied in the subject box.
All applications must be submitted on or before 29th November 2024.
NOTE: Please note that we only contact shortlisted candidates.