Applications are invited from suitably qualified, experienced and competence individuals for the post of AML/CFT Compliance Officer tenable in the Compliance Department, Blantyre.

Job Purpose

Reporting to the Money Laundering Control Manager, the incumbent will be responsible for identifying, assessing, and monitoring potential risks related to money laundering, terrorist financing, and other illegal activities. The officer is responsible for verifying customer identities, conducting due diligence, investigating suspicious activities, and reporting them to the relevant authorities

Key Responsibilities

• Coordinate with authorities and auditors – Work with regulators, law enforcement, and auditors to respond to financial crime investigations and inquiries.
• Oversee KYC processes – Manage Customer Due Diligence (CDD) and Enhanced Due Diligence (EDD to evaluate customer risk and ensure compliance.
• Provide compliance training – Train staff on KYC/AML regulations, ethical practices, and risk management to ensure awareness and adherence to compliance standards.
• Maintain effective compliance monitoring – Continuously enhance the compliance testing program by updating criteria to reflect new risks and regulatory changes.
• Investigation of AML alerts- Daily investigation of system alerts to identify potential suspicious transactions.

Qualifications, Experience, and Skills / Competencies

• Degree in Banking and Finance, Accounting, Business Administration or its equivalent from a recognized institution.
• Three (3) years’ experience in the financial sector in general and banking sector in particular.
• Sound knowledge of banking regulations.
• Proven ability to liaise with regulators, auditors, and law enforcement on financial crime investigations.
• Strong expertise in managing KYC/CDD/EDD processes to ensure regulatory compliance and risk mitigation.
• Experience in delivering compliance training on
• AML regulations, ethics, and internal controls.
• Skilled in developing and maintaining robust compliance monitoring frameworks responsive to evolving risks.
• Demonstrated proficiency in investigating AML alerts and identifying suspicious transaction patterns.

Applications for the Position Applications with Curriculum Vitae (both cover letter and CV should be saved in one PDF file) should be emailed to: recruitment@centenarybank.co.mw

Please indicate on the email subject line the position you are applying for.

The closing date for the receipt of applications is Friday, 10th October, 2025.

Only shortlisted applicants will be acknowledged.