Anti-Money Laundering (AML) Compliance Officer Job Vacancy in Mangochi, Malawi – Banking & Finance

Job Description

Position: Anti-Money Laundering (AML) Compliance Officer

Company: First Capital Bank Malawi

Location: Mangochi, Malawi

Experience: 5+ years in AML compliance within banking sector

Education: Bachelor’s degree in Finance, Law, or related field; CAMS certification preferred

Employment Type: Full-time

Industry: Banking & Finance

Department: Compliance

Salary: SSP 1,200,000 – SSP 1,800,000 per annum

Vacancies:1

Company Overview

First Capital Bank Malawi is a leading financial institution delivering innovative banking solutions across the nation. With a strong commitment to financial inclusion, the bank serves individuals, SMEs, and large corporates, fostering economic growth and stability. Operating under the umbrella of First Capital Bank Group, the institution leverages international best practices while maintaining deep local roots. As a premier employer, the bank offers a dynamic environment where talent thrives, and career progression is encouraged. This role contributes directly to the bank’s mission of safeguarding the financial system and supporting Malawi Jobs, Jobs in Malawi, and broader Career Opportunities in Malawi.

Job Overview

The Anti-Money Laundering (AML) Compliance Officer will lead the design, implementation, and monitoring of AML policies and procedures to ensure First Capital Bank Malawi meets regulatory standards and international best practices. The role involves close collaboration with risk, legal, and operations teams to detect, prevent, and report suspicious activities. This position is pivotal in strengthening the bank’s compliance framework, protecting the institution from financial crime, and reinforcing confidence among customers and regulators.

For more information about the bank’s digital initiatives, visit https://malawijobsearch.com.

Key Responsibilities

• Develop, update, and enforce AML policies, procedures, and controls in line with the Bank of Malawi guidelines and FATF recommendations.
• Conduct thorough customer due diligence (CDD), enhanced due diligence (EDD), and ongoing monitoring of high‑risk accounts.
• Analyze transaction patterns using advanced analytics tools to identify suspicious activity and prepare SAR (Suspicious Activity Report) filings.
• Lead AML training programs for staff across all levels, ensuring awareness of regulatory changes and internal protocols.
• Collaborate with the Risk Management team to integrate AML risk assessments into the overall enterprise risk framework.
• Maintain up‑to‑date knowledge of global AML trends, sanctions regimes, and emerging typologies of financial crime.
• Prepare regular compliance reports for senior management and regulators, highlighting key findings and remediation actions.
• Serve as the primary liaison with the Financial Intelligence Unit (FIU) and other regulatory bodies during examinations and investigations.

Required Skills

• Deep understanding of AML legislation, sanctions, and counter‑terrorism financing (CTF) regulations.
• Proficiency with AML monitoring systems (e.g., Actimize, SAS AML) and data analytics tools.
• Strong investigative and analytical abilities with attention to detail.
• Excellent written and verbal communication skills for report drafting and stakeholder engagement.
• Ability to work independently and lead cross‑functional projects.
• High ethical standards and discretion in handling confidential information.

Education

The successful candidate must hold a Bachelor’s degree in Finance, Law, Business Administration, or a related discipline. Professional certifications such as CAMS, Certified Financial Crime Specialist (CFCS), or equivalent are highly desirable and will be considered an advantage during the selection process.

Experience

A minimum of five years’ experience in AML compliance within a banking environment is required. Candidates with prior exposure to regulatory examinations, SAR preparation, and AML system implementation will be prioritized. Experience in the Malawi banking sector or familiarity with the Bank of Malawi’s regulatory framework is advantageous.

Salary

The role offers a competitive salary range of SSP 1,200,000 to SSP 1,800,000 per year, commensurate with experience and qualifications. Performance‑based bonuses and incentives are also part of the remuneration package.

Benefits

• Comprehensive health insurance covering employee and dependents.
• Retirement savings plan with employer contributions.
• Paid annual leave, sick leave, and public holidays.
• Professional development allowance for certifications and training.
• Employee assistance program and wellness initiatives.

Training

• On‑boarding program covering bank policies, AML systems, and regulatory expectations.
• Continuous AML and financial crime training workshops.
• Access to e‑learning platforms for skill enhancement.
• Opportunities to attend regional and international compliance conferences.

Working Environment

First Capital Bank Malawi provides a collaborative, inclusive, and technology‑driven workplace. Employees benefit from modern office facilities in Mangochi, flexible working arrangements, and a culture that values integrity, innovation, and customer focus. The bank’s commitment to Employment in Malawi is reflected in its investment in local talent and community development initiatives.

Application Process

Interested candidates should submit their updated CV and a cover letter outlining their relevant experience through the online portal. Applications will be reviewed on a rolling basis, and shortlisted candidates will be contacted for interviews. For additional guidance on the application steps, please visit https://www.mozambiquejobsearch.com/.

Equal Opportunity Statement

First Capital Bank Malawi is an equal opportunity employer. We celebrate diversity and are committed to creating an inclusive environment for all employees. All qualified applicants will receive consideration for employment without regard to race, color, religion, gender, sexual orientation, gender identity, national origin, disability, or veteran status.