LOLC Finance Zambia Ltd
Posted Job
30 days ago

Compliance Officer

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LOLC Finance Zambia Limited is a registered Deposit taking Non-Bank Financial Institution with a Housing Finance License. The Company currently operates from eleven locations, namely Head Office in Lusaka, Main Branch in Central Lusaka, Kitwe, Solwezi, Chingola, Ndola, Kalumbila, Kabwe, Chipata, Mansa, Choma, Livingstone and Mongu.

LOLC Finance Zambia Limited is a subsidiary of LOLC Holdings Plc which is the largest diversified and most profitable Group in Sri Lanka and is listed on the Colombo Stock Exchange. The Group has a presence in over twenty-five countries worldwide including nine countries in Africa.

To support the LOLC Finance Zambia vision, we are recruiting qualified and experienced individuals for the following position:


Job Responsibilities

i. Develop and implement programmes for the prevention of money laundering, financing of terrorism or proliferation or any other serious offence relating to money laundering, financing of terrorism or proliferation

ii. Develop internal policies, procedures and controls to fulfil obligations above.

iii. Receiving and vetting suspicious transaction reports (STR) and currency transaction reports (CTR) from staff

iv. Ongoing training for staff to make them aware of the laws relating AML/CFT or proliferation or any other serious offence relating to money laundering, financing of terrorism or proliferation

v. Conduct quarterly AML/CFT institutional risk assessments and submit reports to Senior Management and the Board of Directors

vi. Staying abreast of changes in applicable banking and finance legislation and adjusting policies and processes as necessary to reflect such obligation

vii. Ascertaining compliance risks and proposing mechanisms for mitigating them

viii. Familiarity with current international and national industry practices and professional standard

ix. Knowledge of legal requirements and controls vis a vis Anti Money Laundering and financing of terrorism.


Degree in Business Administration, Banking and Finance, Accountancy or Law from a recognised University

Minimum of 3 years’ experience as a Compliance Officer in a reputable financial institution

Minimum of 3 years’ experience in Senior Management as Compliance Officer

Personal attributes should include integrity and reliability; must be astute, versatile, self-driven and well-motivated.

Method of Application

Please clearly indicate the job title in the subject of your email and use your full name and the job you are applying for as the filename of your application for example, Sales Consultant_Alex_Banda. Applications should consist of your CV and Academic Qualifications. Hand delivered or posted applications will not be accepted. The closing date for accepting applications

Application deadline
24 Apr 15:00