The Risk & Compliance Manager is responsible for developing, implementing and maintaining the Society’s enterprise risk management and compliance framework. The position provides independent oversight of organisational risks, ensures compliance with applicable legislation and regulatory requirements, and promotes a strong culture of governance, ethics and accountability throughout the Society, on a 3-5 years fixed term contract.
Job Summary
- Type: contract
- Location: Gaborone
- Category: Risk & Compliance
- 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 Risk Management, Law, Finance, Business Administration or a related field.
- A minimum of five (5) to eight (8) years’ relevant experience in Risk Management, Compliance, Internal Audit or Governance.
- Sound knowledge of regulatory requirements applicable to financial institutions.
- Experience in enterprise risk management, compliance monitoring and policy development.
How to Apply
REF Code: CIRCULAR NO.4 OF 2026 | Vacancy Circular No: CIRCULAR NO.4 OF 2026
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 do I need to become a Risk & Compliance Manager at a SACCOS in Botswana?
Employers typically look for a degree in risk management, finance, accounting, or business administration, often supplemented by certifications such as IRM, CISA, or ACCA/CIMA. Knowledge of Botswana's Non-Bank Financial Institutions Regulatory Authority (NBFIRA) requirements and the Co-operative Societies Act is highly valued. Experience in the financial services or cooperative sector strengthens your application.
What are the typical day-to-day responsibilities of a Risk & Compliance Manager at Thuto SACCOS?
You would develop and monitor risk management frameworks, ensure compliance with NBFIRA regulations and internal policies, and conduct regular compliance audits. The role also involves preparing reports for management and board committees, training staff on compliance matters, and investigating potential breaches or irregularities.
How do I apply for this role and what do employers in Botswana look for?
Applications are usually submitted via email or through the employer's website with a CV, cover letter, and certified copies of qualifications. Employers in Botswana value attention to detail, integrity, regulatory knowledge, and demonstrated experience in financial institutions. Tailoring your CV to highlight SACCOS or microfinance experience gives you an advantage.
What benefits can I expect as a Risk & Compliance Manager in Botswana?
Typical benefits include paid annual leave, medical aid contributions, and pension or provident fund participation, though these vary by employer. Some organisations also offer performance bonuses, professional development support, and group life insurance. Always confirm the full benefits package during the offer stage.
What career progression can I expect from this role?
A Risk & Compliance Manager can progress to senior roles such as Head of Risk, Chief Risk Officer, or Chief Operations Officer within financial institutions. Some professionals move into consulting, regulatory bodies like NBFIRA, or broader executive management positions. Continuous certification and board-level reporting experience accelerate advancement.
What is the work culture like for this role in Botswana?
Work culture in Botswana's financial sector tends to be formal and hierarchical, with strong emphasis on professionalism, punctuality, and respect for authority. Compliance roles carry high ethical expectations, so demonstrating integrity is essential. Collaboration with regulators and board committees is a routine part of the working environment.