As the Society continues to strengthen its governance, regulatory compliance and enterprise risk management framework, applications are invited from suitably qualified, experienced, innovative, ethical and results-driven Botswana citizens for the following position:
Job Summary
- Type: full-time
- Location: Gaborone
- Category: Banking & Financial Services
- Closing Date: 2026-07-17
Key Responsibilities
- Develop, implement and maintain the Society’s Compliance Management Framework.
- Develop and maintain the Annual Compliance Plan.
- Develop and maintain the Compliance Risk Register.
- Conduct compliance monitoring reviews across all business units.
- Monitor compliance with all internal policies and procedures.
- Review policies and procedures to ensure compliance with legislative requirements.
- Monitor implementation of Management and Board resolutions.
- Coordinate regulatory inspections and compliance reviews.
- Develop compliance reports for Management and the Board.
- Maintain statutory registers.
- Assess compliance with statutory and regulatory requirements.
- Proactively monitor key risks in terms of allocated regulatory requirements, programs, compliance findings, and opinions by business units, and provide detailed feedback within agreed timelines.
- Regularly review and advise on the implementation of and compliance with any proposed legislation.
- Develop risk management plans, controls, and fraud risk assessment methodologies to monitor suspected fraud cases proactively.
- Develop, initiate, maintain, and revise policies and procedures for the Compliance Program to prevent illegal, unethical, or improper conduct.
- Develop, implement, and maintain a cooperative-specific anti-money laundering compliance program.
- Provide regular compliance training on AML/CFT and Anti-Fraud Management, focusing on identified gaps and obligations under the FI Act and other regulations.
- Conduct AML/CFT risk assessments, policy recommendations, and develop strategies for monitoring compliance.
- Monitor Customer Due Diligence (CDD) and Know Your Customer (KYC) compliance.
- Monitor Enhanced Due Diligence (EDD) procedures.
- Monitor sanctions screening.
- Monitor suspicious transaction reporting.
- Investigate suspicious transactions.
- Recommend corrective actions for compliance breaches.
- Promote a culture of compliance and ethical conduct.
- Monitor Conflicts of Interest declarations.
- Advise Management on governance best practices.
- Review contracts from a compliance perspective.
- Ensure adherence to Delegation of Authority requirements.
- Investigate compliance breaches, policy violations, and regulatory investigations.
- Prepare investigation reports and recommend corrective actions where necessary.
- Develop and implement compliance awareness programs and conduct training.
- Ensure effective monitoring and timely reporting of the most significant risks.
- Prepare risk and compliance Board submissions.
Requirements
- Bachelor’s Degree in Finance, Accounting, Business Administration/ Risk Management, Law or related regulatory field.
- Qualification in risk management is an added advantage.
- COP is an added advantage.
- 5-7 years’ work experience, 3 years of which should be in compliance and risk experience in a SACCO, bank, insurer or other regulated financial institution.
- Ability to interpret and apply regulatory requirements.
- Computer literacy, including knowledge of MS Word, MS Excel, and MS Outlook.
- Excellent oral and written communication skills.
- Excellent analytical and problem-solving skills.
- Familiarity with processes for developing, revising, monitoring, and implementing policies, terms of reference, and manuals.
How to Apply
Phone: 71262000, 73762473, 00267 3972048
Address: The Human Resources and Administration Officer, BPOSACCOS, P.O BOX 1682AAD Poso House, Gaborone
Vacancy Circular No: 1 OF 2026
About the Company
BPOSACCOS, officially known as the Botswana Public Officers Savings and Credit Co-operative Society Limited, stands as a cornerstone financial institution in the country. Established in 2010, it began its journey as a welfare fund, dedicated to the well-being of Botswana's public officers. Today, this cooperative society provides essential savings and credit solutions, empowering its members with responsible financial tools. It plays a crucial role in fostering economic stability and growth for public sector employees throughout Botswana. The society's commitment ensures its members have access to reliable financial services, enhancing their welfare and future prospects.
Empowering Botswana Public Officers through accessible savings and credit.
Website: https://bposaccos.co.bw/
Frequently Asked Questions
What qualifications and experience are typically required for a Compliance Officer role in Botswana's banking sector?
A degree in Law, Finance, Business Administration, or a related field is often essential, sometimes coupled with specific compliance certifications. Prior experience in regulatory affairs, risk management, or auditing within financial services is highly valued in the local market.
What are the common day-to-day responsibilities of a Compliance Officer at a financial institution like BPOSACCOS in Botswana?
You would monitor transactions for suspicious activity, ensure adherence to local financial regulations and international standards like AML/CFT, and conduct internal compliance training. Regular reporting to management and regulatory bodies such as the Bank of Botswana is also a key duty.
What is the typical work culture and expectation for a Compliance Officer within the financial services sector in Botswana?
Professionals are expected to be diligent, ethical, and proactive in identifying and mitigating compliance risks, aligning with Botswana's strong regulatory environment. A collaborative approach, clear communication, and adherence to established protocols are highly valued within local institutions.
What are the realistic career progression paths for a Compliance Officer in Botswana?
You can advance to Senior Compliance Officer, Compliance Manager, or Head of Compliance, overseeing broader regulatory functions within a financial institution. Specialization in areas like AML, regulatory reporting, or governance can also open doors to expert advisory roles.
What are the common benefits offered for a full-time Compliance Officer role in Botswana?
Standard benefits usually include a competitive leave structure, comprehensive medical aid coverage, and a robust pension scheme to support long-term financial security. Some employers may also offer professional development opportunities and performance-based incentives.
What do employers in Botswana look for in a Compliance Officer candidate and what is the best way to apply?
Employers seek candidates with a strong understanding of local financial regulations, keen analytical skills, and impeccable integrity. Applications typically involve submitting a detailed CV and cover letter online, often followed by competency-based interviews and background checks.