Job Summary
- Type: full-time
- Location: Gaborone
- Category: Legal & Compliance
- Closing Date: 2026-07-17
Key Responsibilities
- Develop, implement and maintain the organisation’s AML/CTF/PF compliance framework.
- Conduct customer due diligence, compliance monitoring and enterprise-wide risk assessments.
- Coordinate regulatory inspections and ensure effective implementation of AML controls.
- Ensure compliance with NBFIRA, Insurance Act and other regulatory requirements.
- Develop compliance policies, monitoring plans and operational procedures.
- Liaise with regulators and advise management on emerging regulatory obligations.
- Develop operational risk frameworks and risk mitigation plans.
Requirements
- A Bachelor’s (Honours) degree in law, auditing, risk management, compliance management, economics/finance, business administration, insurance, or related field.
- Three (3) years of experience in an AML/CTF/PF compliance, legal, financial services, risk management, or governance environment.
- Association of Certified Anti-Money Laundering Specialist (ACAMS) or International Compliance Association (ICA) certification or Bachelor of Laws or equivalent AML/CTF/PF -related qualification
- Knowledge and understanding of AML/CTF/PF laws and regulatory frameworks.
- Knowledge of financial services including insurance.
- Knowledge of law, compliance, risk management and governance.
- Excellent analytical and investigative skills (statistical interpretations and excel, etc.).
- Microsoft Office Suite.
- Knowledge of the Non-Bank Financial Institute Authority (NBFIRA) and other insurance related regulations.
- Basic knowledge of short term insurance products.
- Verbal and written communication skills.
- Problem solving skills.
How to Apply
Frequently Asked Questions
What qualifications and certifications are typically required to become an AML Officer in Botswana?
A Bachelor's degree in Law, Finance, Business Administration, or a related field is usually a minimum requirement. Relevant certifications like an ICA International Diploma in Anti-Money Laundering or similar accredited programs are highly valued by employers in Botswana. Experience in financial services or regulatory compliance is also crucial.
What are the common day-to-day responsibilities of an AML Officer working in Botswana?
Daily tasks involve monitoring transactions for suspicious activities, conducting due diligence on clients, and preparing Suspicious Transaction Reports (STRs) for submission to the NBFIRA. You'll also be responsible for ensuring the organization's compliance with Botswana's AML/CFT laws and internal policies, including training staff on compliance matters.
What is the typical work culture and what are the general expectations for an AML Officer in Botswana?
The work culture in Botswana often values professionalism, respect, and adherence to established protocols, especially within the regulated financial sector. Employers expect a strong ethical compass, meticulous attention to detail, and a proactive approach to risk management and regulatory compliance. Collaboration within teams and with regulatory bodies is also a key expectation.
What are the realistic career progression opportunities for an AML Officer in Botswana?
Career progression often leads to Senior AML Officer, Compliance Manager, or Head of Compliance roles within financial institutions or other regulated entities. Further specialization in areas like financial crime investigation or regulatory affairs is also possible with continued professional development and experience. Opportunities may also arise in the public sector with regulatory bodies.
What kind of benefits, such as leave, medical aid, or pension, can an AML Officer typically expect in Botswana?
Standard benefits usually include annual leave, sick leave, and parental leave as per Botswana labor laws. Most reputable employers provide medical aid coverage and contributions to a pension fund. Other potential benefits might include group life assurance or professional development allowances, varying by employer.
How should I apply for an AML Officer role in Botswana, and what do employers typically look for in candidates?
Applications typically involve submitting a detailed CV and a cover letter highlighting your relevant experience and understanding of Botswana's regulatory landscape. Employers seek candidates with a strong grasp of AML/CFT legislation, analytical skills, integrity, and a proven ability to manage compliance risks effectively. Networking within the financial services and legal sectors can also be beneficial.