Money Laundering Reporting Officer (MLRO) - Absa Bank Zambia PLC.

About Absa Bank Zambia PLC

Absa Bank Zambia PLC is one of Zambia's leading commercial banks, providing a wide range of personal, business, and corporate banking solutions. As a subsidiary of the Absa Group Limited, the bank is committed to driving Africa's growth through innovation, integrity, and customer-focused financial services.

Absa is dedicated to maintaining the highest standards of regulatory compliance, governance, and financial crime prevention while fostering an inclusive and high-performance work environment.

Job Overview

Absa Bank Zambia is seeking an experienced Money Laundering Reporting Officer (MLRO) to lead and strengthen its Financial Crime Compliance Framework. The successful candidate will oversee anti-money laundering (AML), counter-terrorist financing (CTF), and financial crime compliance programmes while ensuring the bank meets all applicable regulatory and legal obligations.

This role requires a strategic leader with extensive knowledge of financial crime risk management, regulatory compliance, and stakeholder engagement.

Key Responsibilities

• Lead the implementation and continuous improvement of the Bank's Anti-Money Laundering (AML) and Counter-Terrorist Financing (CTF) compliance framework.

• Oversee Know Your Customer (KYC), Customer Due Diligence (CDD), Enhanced Due Diligence (EDD), and transaction monitoring processes.

• Prepare and submit Suspicious Transaction Reports (STRs) and Suspicious Activity Reports (SARs) to the Financial Intelligence Centre (FIC).

• Manage sanctions screening processes and ensure compliance with local and international regulatory requirements.

• Develop, review, and implement AML, anti-bribery, and financial crime policies and procedures.

• Provide compliance advisory services to business units and senior management.

• Deliver AML and financial crime compliance training across the organisation.

• Monitor emerging financial crime risks and recommend appropriate mitigation measures.

• Liaise with regulators, auditors, and law enforcement agencies where required.

• Prepare compliance reports and present findings to senior management and relevant governance committees.

Qualifications & Requirements

Applicants should possess:

• Bachelor's Degree in Business, Commerce, Finance, Law, Accounting, or a related field.

• Strong knowledge of Anti-Money Laundering (AML), Know Your Customer (KYC), Counter-Terrorist Financing (CTF), and financial crime compliance.

• Good understanding of the regulatory requirements of the Financial Intelligence Centre (FIC), Bank of Zambia (BoZ), and Securities and Exchange Commission (SEC).

• Experience in financial crime risk management and regulatory compliance within the banking or financial services sector will be an added advantage.

Skills & Competencies

Successful candidates should demonstrate:

• Strong leadership and people management skills.

• Excellent analytical and problem-solving abilities.

• Sound knowledge of banking regulations and compliance frameworks.

• Strong report writing and presentation skills.

• Excellent communication and stakeholder management skills.

• High level of integrity, professionalism, and ethical conduct.

• Ability to make sound decisions in a fast-paced regulatory environment.

• Attention to detail and strong organisational skills.

Why Join Absa Bank Zambia?

Joining Absa Bank Zambia offers an opportunity to work with one of Africa's leading financial institutions. Employees benefit from a collaborative work environment, professional development opportunities, and the chance to contribute to maintaining the highest standards of financial integrity and regulatory compliance.

Job Summary

1. Position: Money Laundering Reporting Officer (MLRO)

2. Company: Absa Bank Zambia PLC

3. Location: Lusaka, Zambia

4. Employment Type: Full-Time

5. Category: Banking / Risk & Compliance

6. Requisition ID: R-15988869

7. Qualification: Bachelor's Degree in Business, Commerce, Finance, Law, Accounting, or a related field.