Risk & Compliance Officer at Telekom Network Malawi Limited

Job Description

Job Summary

Reporting to the Risk and Compliance Manager, the Risk and Compliance Officer shall be responsible for supporting the Risk and Compliance function by implementing AML/CFT controls, monitoring regulatory compliance, conducting risk assessments, and supporting reporting obligations in line with applicable laws and internal policies.

Key Duties & Responsibilities

• Monitor compliance with AML/CFT/CPF laws, directives, and internal policies across customers, agents, mer-chants, and staff.
• Conduct customer due diligence (CDD), enhanced due diligence (EDD), and ongoing monitoring to ensure KYC accuracy and completeness.
• Review transaction monitoring alerts, investigate suspicious activities, and support escalation for Suspicious Transaction Reporting (STR).
• Support ML/TF risk assessments and implement risk-based mitigation measures for products, services, and chan-nels.
• Perform sanctions screening and maintain compliance registers.
• Support regulatory reporting to relevant authorities such as FIA and RBM.
• Assist with internal and external audits and regulatory inspections.
• Support compliance training and awareness initiatives.
• Monitor regulatory developments and ensure timely implementation of changes.

Educational Qualifications, Experience, & Skills Required

• Bachelor’s Degree in Business, Law, Finance, or a related field.
• Possession of a certification in compliance (ACAMS) will be an added advantage.
• 2-3 years’ experience in risk, compliance, or related roles.
• Strongknowledge of AML/CFT regulations, KYC, and data protection.
• Analytical and investigative skills with attention to detail.
• Strong communication and interpersonal skills.
• High ethical standards, integrity, and confidentiality.
• Ability to work independently and meet regulatory deadlines.
• Basic understanding of mobile money operations and digital financial services.

Application Procedure

Interested applicants are requested to submit their applications and Curriculum Vitae (CV) to:

The Human Resources and Administration Director
Telekom Networks Malawi Limited
Livingstone Towers
P.O Box 3039
Blantyre
OR
Email: [email protected]
To reach her no later than 28th April 2024