Thuto SACCOS has been awarded a contract and is seeking applications for the following positions.
Developing, implementing, and maintaining the Society’s enterprise risk management and compliance framework.
Job Summary
- Type: full-time
- Location: Gaborone
- Category: Risk Management
- Closing Date: 2026-08-28
Key Responsibilities
- Developing and implementing the Society’s Enterprise Risk Management Framework.
- Conducting enterprise-wide risk assessments and recommending mitigation measures.
- Monitoring compliance with the Co-operative Societies Act, Financial Intelligence Act, Data Protection Act and other applicable legislation.
- Developing and reviewing risk management and compliance policies.
- Monitoring emerging regulatory developments and advising Management and the Board.
- Preparing risk and compliance reports for Management and the Board.
- Coordinating internal compliance reviews and investigations.
- Facilitating compliance awareness and risk management training.
- Supporting business continuity planning and organisational resilience.
- Liaising with regulators and external stakeholders on compliance matters.
Requirements
- Bachelor’s Degree in Accounting, Finance, Business Administration or related discipline.
- Certified Internal Auditor (CIA), CPA or equivalent professional qualification will be an added advantage.
- Registration with the Botswana Accountancy Oversight Authority (where applicable).
- Minimum of three (3) years’ relevant auditing experience.
- Solid knowledge of IFRS, internal auditing standards and governance frameworks.
- Competencies: Internal Auditing, Financial Analysis, Report Writing, Investigation Skills, Ethics and Professional Integrity, Analytical Thinking, Attention to Detail
How to Apply
Email: recruitment@thutosaccos.co.bw. Closing Date: 28 August 2026. Only shortlisted candidates will be contacted.
About the Company
Thuto SACCOS Limited is a cooperative financial institution deeply rooted in Botswana, structured to serve its members. Operating as a member-owned entity, it delivers crucial financial services to support the economic well-being of its constituents. Eligibility for membership is specifically extended to employees working for the Government of Botswana and various Parastatals across the nation. This targeted approach ensures that Thuto SACCOS effectively caters to the distinct financial needs of Botswana's public sector workforce.
A cooperative financial institution for Botswana's public sector employees.
Website: https://www.thutosaccos.co.bw/
Frequently Asked Questions
What qualifications and certifications are typically required for a Risk & Compliance Manager role at a SACCOS like Thuto in Botswana?
A bachelor’s degree in Finance, Accounting, Law, or Business Administration is standard, with preference for postgraduate qualifications in Risk Management or Compliance. The Botswana Institute of Bankers (BIB) Risk Management Certificate or the International Compliance Association (ICA) qualifications are highly regarded, and registration with the Botswana Accountancy Oversight Authority (BAOA) may be expected for certain compliance reporting functions.
What does a typical day look like for a Risk & Compliance Manager at a SACCOS in Botswana?
Daily tasks include reviewing loan portfolios for credit risk exposure, updating internal policies to align with the Bank of Botswana’s SACCOS Regulatory Framework and the Financial Intelligence Agency (FIA) guidelines, and conducting staff training on anti-money laundering (AML) and KYC procedures. You’ll also prepare monthly risk reports for the Board’s Risk Committee and liaise with auditors during internal and external audits.
How does workplace culture and professional expectations differ for this role in Botswana compared to other countries?
Respect for hierarchy and consensus-driven decision-making are central—reports to the Board Risk Committee and require clear documentation before escalating issues. Punctuality, formal communication (especially in written reports), and strong community awareness are valued, as SACCOS operate within tight-knit local communities where reputation and trust directly impact member confidence.
What realistic career progression paths exist for a Risk & Compliance Manager in the Botswana SACCOS sector?
With experience, professionals often progress to Head of Risk & Compliance at larger SACCOS, or transition into regulatory advisory roles with the Bank of Botswana or the SACCOS Regulatory Authority. Some pursue executive leadership positions such as General Manager or CEO, particularly after gaining cross-functional exposure in finance, operations, and governance—and completing BIB’s Senior Management Certification Programme.
What benefits can I realistically expect in this role at a Botswana-based SACCOS?
Standard statutory benefits include 22 days annual leave, membership in the Botswana National Pension Fund (BNPF), and mandatory workers’ compensation insurance. Many established SACCOS offer medical aid through providers like Medshield or BONF, plus additional allowances for professional development—though coverage depth varies by SACCOS size and financial health.
How should I apply, and what do employers in Botswana specifically look for in candidates for this role?
Applications are usually submitted via email or the SACCOS’s official website, accompanied by a CV, certified academic certificates, and evidence of relevant professional registrations (e.g., BIB or BAOA). Employers prioritise proven experience applying Botswana’s SACCOS Act, familiarity with FIA reporting requirements, and demonstrated ability to translate complex regulations into practical controls for non-technical staff.