Responsible for identifying, assessing, and mitigating actual and potential financial crime risks, including fraud, money laundering, terrorist financing, corruption, and other illicit financial activities. The Financial Crimes Manager leads and oversees financial crime investigations to establish the nature, extent, and impact of suspected financial misconduct and, where necessary, coordinates with relevant internal stakeholders and regulatory or law enforcement authorities to ensure appropriate action and resolution.
Job Summary
- Employer: Botswana Savings Bank
- Job Type: Full-time
- Location: Gaborone, Botswana
- Category: Compliance
- Closing Date: 2026-10-14
Key Responsibilities
- Develop and implement the Bank’s Financial Crime Risk Management Framework.
- Establish financial crime strategy, policies, standards, procedures, and operating guidelines.
- Ensure alignment of financial crime controls with the Enterprise Risk Management Framework and Risk Appetite Framework.
- Oversee the Bank’s Anti-Money Laundering, Counter Financing of Terrorism, and Counter-Proliferation Financing programmes.
- Ensure compliance with the Financial Intelligence Act, Banking Act, FATF Recommendations, and other applicable regulatory requirements.
- Ensure periodic AML/CFT/CPF risk assessments are conducted and mitigation actions implemented.
- Oversee all financial crime investigations, monitoring activities, sanctions screening, and case management processes.
- Ensure appropriate allocation of investigations and monitoring activities across the Financial Crimes team.
- Oversee the effectiveness of transaction monitoring and sanctions screening systems.
- Direct and oversee complex financial crime investigations.
- Oversee preparation and submission of STRs, sanctions reports, fraud reports, and regulatory returns.
- Coordinate investigations involving regulators, law enforcement agencies, and external stakeholders.
- Conduct and oversee enterprise-wide fraud risk assessments.
- Review fraud incidents and ensure implementation of corrective actions.
- Act as the primary liaison with the Financial Intelligence Agency, Bank of Botswana, law enforcement agencies, and other regulatory bodies.
- Ensure ongoing compliance with all financial crime-related regulatory requirements.
- Assess the effectiveness of financial crime controls and recommend improvements.
- Oversee financial crime risk assessments, fraud risk assessments, and AML/CFT/CPF risk assessments.
- Monitor financial crime Key Risk Indicators and Risk Appetite metrics.
- Build effective relationships with regulators, law enforcement agencies, industry bodies, and external service providers.
- Liaise with Operations, Credit, Legal, Internal Audit, Risk, Compliance, Human Capital, and Information Technology departments.
- Oversee development and delivery of AML/CFT/CPF and fraud awareness training programmes.
Requirements
- Bachelor’s degree in risk management, Criminology, Law, Finance, Banking, Accounting, Business Administration, or a related field.
- Master’s Degree in a relevant discipline will be an added advantage.
- The following certifications will be an added advantage: Certified Anti-Money Laundering Specialist (ACAMS), Certified Fraud Examiner (CFE), Certified Financial Crime Specialist (CFCS), ICA Diploma in AML, PRMIA Financial Crime Certification
- Minimum of 8-10 years’ experience in AML/CFT, Compliance, Financial Crime, Fraud Risk Management, Internal Audit, Risk Management, or related fields.
- Minimum of 3-5 years in a management or leadership role.
- Proven experience engaging regulators and law enforcement agencies.
- Experience in financial crime investigations, regulatory reporting, fraud management, and financial crime risk frameworks.
- Banking or financial services industry experience is essential.
How to Apply
REF Code: 7KjyrN86zGKGMRUV6QJP26pYgW5g7Xy5Gt42CBbijjdc3ZOM4unSe8zPgvUlhNB0XCoqMWzDeiECIYSb3YQ7hA
About the Company
Botswana Savings Bank (BSB) stands as a prominent financial institution within Botswana's banking sector, dedicated to fostering a culture of savings and providing accessible financial services. Established by an Act of Parliament in 1962, initially as the Botswana Post Office Savings Bank, it evolved into BSB in 1992, solidifying its role as a wholly government-owned parastatal. The Bank offers a comprehensive suite of products, including various savings accounts, fixed deposits, personal and business loans, alongside modern digital banking solutions. Through its strategic partnership with BotswanaPost, BSB effectively extends its reach across the nation, playing a vital role in promoting financial inclusion for Batswana, particularly in underserved communities.
Your Partner in Financial Growth
Website: https://www.bsb.co.bw
Frequently Asked Questions
What qualifications and certifications are typically required for a Financial Crimes Manager role at a bank in Botswana?
Most employers require a bachelor's degree in finance, accounting, law, or a related field, plus professional certifications such as Certified Anti-Money Laundering Specialist (CAMS) or Certified Fraud Examiner (CFE). Experience in compliance, risk management, or law enforcement is highly valued. Some roles may accept equivalent experience in lieu of formal certifications, though CAMS is increasingly preferred by Botswana's banking sector.
What are the typical day-to-day responsibilities of a Financial Crimes Manager in Botswana?
Daily tasks include monitoring transactions for suspicious activity, investigating fraud alerts, preparing suspicious transaction reports for the Financial Intelligence Agency, and updating anti-money laundering policies. You will also train staff on compliance procedures and liaise with regulators like the Bank of Botswana. Strong documentation and reporting skills are essential given the regulatory scrutiny in the local banking environment.
How does the work culture and employer expectations differ for compliance roles in Botswana compared to other countries?
Botswana workplaces emphasize respect for hierarchy and formal communication channels, with decisions often requiring senior management approval. Punctuality and professional dress are important, and relationship-building with colleagues and regulators carries significant weight. Employers expect discretion given the sensitive nature of financial crime investigations, and loyalty to the institution is highly valued.
What career progression opportunities exist for Financial Crimes Managers in Botswana's banking sector?
Progression typically moves to Head of Compliance, Chief Risk Officer, or specialized roles in regional fraud investigation units. Some professionals transition to consulting or join the Financial Intelligence Agency and other regulatory bodies. Additional certifications and cross-border experience with SADC banks can accelerate advancement into regional leadership positions.
What benefits are commonly offered for senior compliance positions at banks in Botswana?
Standard packages include pension contributions through the Botswana Public Officers Pension Fund or private schemes, medical aid coverage, and generous annual leave typically ranging from 20-30 days. Many banks also provide performance bonuses, professional development allowances for certifications, and funeral insurance. Benefits vary by employer type, with parastatal banks often offering more secure pension arrangements.
What do Botswana employers look for in applications for Financial Crimes Manager positions, and how should candidates apply?
Employers prioritize demonstrated integrity, local regulatory knowledge including the Financial Intelligence Act and Proceeds of Crime Act, and proven investigative experience. Tailor your CV to highlight specific fraud cases handled and quantify risk reductions achieved. Applications are typically submitted through bank career portals or the Public Service Portal for state-owned institutions, with shortlisted candidates undergoing rigorous background checks and competency assessments.
