Financial Crime Specialist (X2)

Zambia National Commercial Bank Plc (Zanaco) is inviting applications from suitably qualified and experienced individuals for the following job aimed at contributing to the Bank’s strategic vision, in the Risk & Compliance Division under the Compliance Department at Head Office:-

Job Purpose

• The role holder will assist the Financial Crime Head and Financial Crime Team in the fight against money laundering, fraud, corruption and terrorist financing.
• Assisting in protecting the financial system from direct and indirect sanctions risk.

Under the supervision of the Financial Crime Head, the following are among the Job Key Responsibilities: –

• Review and check payments for names on the global sanctions lists to ensure that no transactions are being processed with the subjects named on the lists.
• Review real-time payment hits, assess alerts and make appropriate decisions.
• Perform searches of names on the global sanctions lists and ensure there are no accounts/clients for the subjects named on the lists.
• Perform background research on entities and/or individuals using databases as well as the Internet and coordinate with Compliance Heads, Operations or Business counterparts to obtain further information on clients/accounts.
• Escalate unusual or suspicious activities.
• Consolidate and report on currency transactions reports to the Financial Intelligence Centre.
• Conduct sanctions screening and special due diligence reviews in addition to identifying fraud and relevant negative news items.
• Identify alerts which warrant additional research.
• Conduct, review and evaluate alerts; perform ad-hoc alert/screening on new and existing customers as appropriate.
• Escalate potential sanctions violations and/or reputation/financial risks accordingly and document resolutions.
• Perform analysis and develop deeper understanding of AML/FATF requirements and implications.
• Any other duties as may be assigned by management.

Internal/External Contact

External: BOZ, Financial Intelligence Centre, external Regulators, correspondent banks

Internal: All Divisions

Qualifications and Experience

• Grade 12 Credit or above mandatory in Mathematics and English and any other three subjects.
• Degree in a relevant field or professional qualification from a recognized university.
• Minimum: At least five (5) years’ experience in banking.
• Certifications in Anti-Money Laundering and Compliance will be an added advantage.
• Strong working knowledge of AML, Payments and KYC rules and regulations with exposure to SARs documentation and filing.

Job Core Competencies

• Excellent verbal and written communication skills
• Interpersonal skills
• Attention to detail
• Research skills
• Analytical skills
• Fraud reporting
• Ability to train people
• Team player
• Ability to work effectively in a team fostered, multi-tasking environment

How to Apply

All applications must have an application/cover letter and detailed curriculum vitae indicating the position being applied for in the subject line and should be sent by email to: