Indo Zambia Bank Limited

Indo Zambia Bank Limited is a commercial bank that has been operating in Zambia since 1984. With a branch network of 37 branches and 7 agencies across the country, the Bank has exciting career opportunities for individuals seeking to grow in the banking and financial services sector.

COMPLIANCE DEPARTMENT

5. SENIOR MANAGER – REGULATORY COMPLIANCE * 1

Job Purpose

The Senior Manager – Regulatory Compliance is responsible for driving the implementation of the Bank’s compliance strategy and ensuring adherence to all regulatory requirements, including Bank of Zambia directives, AML/CFT standards, prudential guidelines, and the Data Protection Act, among other applicable regulations and industry standards.

The role oversees compliance monitoring, transaction surveillance, policy development, and governance, while promoting a strong compliance culture through training and awareness. Acting as a key liaison with regulators and senior management, this position safeguards the Bank against regulatory risk and supports ethical, compliant operations.

Under the supervision of the Head – Compliance, the following are among the key responsibilities:

Key Responsibilities

Regulatory Compliance Oversight

■ Ensure the Bank’s full compliance with applicable laws, Bank of Zambia regulations, AML/CFT directives, the Data Protection Act, and all prudential requirements.
■ Coordinate the implementation of regulatory directives across departments and monitor timely closure of compliance gaps.
■ Lead the Bank’s engagement with regulators, including preparation of responses, regulatory returns, and follow-up reports.

Transaction Monitoring

■ Ensure effective monitoring of customer transactions and profiling through transaction monitoring systems.

Compliance Monitoring & Testing

■ Develop and execute annual compliance plans, thematic reviews, and risk-based monitoring programmes.
■ Track and report on compliance performance, emerging risks, and mitigation actions to Management and the Board.

Policy Development & Governance

■ Review and update compliance policies in line with evolving laws and best practices.
■ Develop and maintain compliance registers.
■ Advise senior management and the Board on regulatory developments and their compliance implications.

Training and Awareness

■ Design and deliver compliance training for staff across the Bank.
■ Promote a strong compliance culture and ethical business conduct.

Attributes & Competencies

■ High integrity and ethical standards.
■ Strong regulatory interpretation skills.
■ Ability to engage with regulators at senior levels.
■ Strong report-writing and presentation skills.
■ Ability to lead compliance monitoring, reviews, and system-based controls.
■ Proactive, detail-oriented, and able to manage multiple deadlines.

Qualifications & Experience

Applicants must meet the following requirements:

■ Bachelor’s degree in Law or a related field.
■ A Master’s degree (MBA, LLM, or Finance) will be an added advantage.
■ Professional certification such as CAMS, CRCMP, or CIPPE/E is highly desirable.
■ Minimum 8 years’ experience in banking, with at least 5 years at senior level in compliance, AML/CFT, regulatory affairs, risk management, or internal audit.
■ Strong understanding of Bank of Zambia regulations, AML/CFT frameworks, the Data Protection Act, risk-based compliance management, and prudential guidelines.
■ Excellent analytical, communication, leadership, and stakeholder management skills.

Applications should be submitted online via the following link: APPLY HERE, clearly indicating the position being applied for. Please ensure that you upload clearly scanned copies of your Curriculum Vitae, Certifications, and other supporting documents.

Physical applications will NOT be accepted.

The closing date for applications is 20th December 2025.