Chief Compliance Officer Job Vacancy in Machinga, Malawi – Banking & Financial Services

Job Description

Position:Chief Compliance Officer

Company:Standard Chartered Bank Malawi

Location:Machinga, Malawi

Experience:10+ years in compliance, risk management, and regulatory affairs

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

Employment Type:Full-time

Industry:Banking & Financial Services

Department:Compliance

Salary:SSP 5,000,000 – 7,500,000 per annum

Vacancies:1

Company Overview

Standard Chartered Bank Malawi is a leading international bank with a strong presence across Africa. With a legacy spanning over 150 years, the bank is committed to fostering sustainable economic growth, financial inclusion, and innovative banking solutions throughout Malawi. Our Machinga branch serves a diverse client base, ranging from small‑scale entrepreneurs to large corporate entities, and plays a pivotal role in delivering world‑class banking services in the Southern Region.

As part of our ongoing expansion and dedication to robust governance, we are seeking a visionary Chief Compliance Officer to lead our compliance function. This role offers a unique opportunity to shape the regulatory framework, protect the bank’s reputation, and ensure that all operations align with both local and international standards. Join a dynamic team that values integrity, professionalism, and continuous improvement.

Standard Chartered Bank Malawi is recognized for its commitment to employee development, competitive remuneration, and a collaborative work environment. Our employees enjoy access to global training platforms, mentorship programs, and a culture that celebrates diversity and inclusion. By joining us, you become part of a global network that prioritizes ethical conduct and responsible banking.

Job Overview

The Chief Compliance Officer will be responsible for establishing, implementing, and overseeing the bank’s compliance strategy across all business lines. This senior leadership position reports directly to the Managing Director and works closely with the Board of Directors, Risk Management, Legal, and Business Units to embed a culture of compliance throughout the organization.

Key objectives include monitoring regulatory changes, conducting risk assessments, developing policies and procedures, and ensuring effective training and communication across the bank. The role also involves liaising with the Reserve Bank of Malawi, international regulators, and industry bodies to maintain a proactive compliance posture.

For more information about our career opportunities, visit our main portal at https://malawijobsearch.com.

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Learn about cross‑border employment trends at https://nigeriajobsearch.com/.

Key Responsibilities

• Develop and maintain a comprehensive compliance framework aligned with local laws, Basel III, AML/CFT regulations, and international best practices.
• Monitor regulatory developments in Malawi and globally, assess impact, and advise senior management on necessary actions.
• Lead periodic compliance risk assessments, internal audits, and remediation plans to mitigate identified gaps.
• Oversee the design, delivery, and effectiveness of compliance training programs for all staff levels.
• Collaborate with the Risk Management team to integrate compliance risk into the overall risk appetite and reporting structure.
• Serve as the primary point of contact for regulatory examinations, investigations, and reporting requirements.
• Prepare and present compliance reports to the Board’s Audit Committee and senior leadership.
• Foster a culture of ethical behavior by promoting awareness, transparency, and accountability across the organization.

Required Skills

• Deep understanding of Malawian banking regulations, AML/CFT, and international compliance standards.
• Strong analytical and problem‑solving abilities with a strategic mindset.
• Excellent communication and stakeholder management skills, capable of influencing senior executives and regulators.
• Proven leadership experience in building and managing high‑performing compliance teams.
• Ability to interpret complex legal texts and translate them into practical policies.
• High level of integrity, discretion, and ethical judgment.

Education

A Bachelor’s degree in Law, Finance, Business Administration, or a related discipline is required. A Master’s degree or professional certifications such as Certified Anti‑Money Laundering Specialist (CAMS), Certified Regulatory Compliance Manager (CRCM), or equivalent are highly desirable.

Experience

Minimum of 10 years of progressive experience in compliance, risk management, or regulatory affairs within the banking or financial services sector. Prior experience in a senior leadership role, preferably as a Compliance Director or Head of Compliance, is essential.

Salary

The compensation package ranges from SSP 5,000,000 to SSP 7,500,000 per annum, commensurate with experience and qualifications. The package includes performance‑based bonuses, pension contributions, and other statutory benefits.

Benefits

• Competitive base salary with annual performance bonus.
• Comprehensive health insurance for employee and dependents.
• Pension scheme with employer contributions.
• Generous paid leave, including annual, sick, and parental leave.
• Professional development allowance and access to global training platforms.
• Employee assistance program and wellness initiatives.

Training

• Onboarding program covering bank policies, systems, and compliance culture.
• Continuous professional development through workshops, webinars, and certifications.
• Leadership coaching and mentorship from senior executives.

Working Environment

The role is based in our modern Machinga office, featuring open‑plan workspaces, meeting rooms equipped with video‑conferencing technology, and a collaborative atmosphere. Employees benefit from flexible working arrangements, a secure IT infrastructure, and a supportive team that values work‑life balance.

Application Process

Interested candidates should submit their updated CV and a cover letter outlining their suitability for the role through our online application portal. Applications will be reviewed on a rolling basis, and shortlisted candidates will be contacted for an initial interview.

Equal Opportunity Statement

Standard Chartered Bank Malawi is an equal opportunity employer. We celebrate diversity and are committed to creating an inclusive environment for all employees, regardless of gender, race, religion, age, disability, or sexual orientation. We encourage qualified individuals from all backgrounds to apply for this position.