Financial Crime Compliance Officer Job Vacancy in Balaka, Malawi – Banking & Financial Services

Job Description

Position: Financial Crime Compliance Officer

Company: Ecobank Malawi

Location: Balaka, Malawi

Experience: 5+ years in AML/CTF compliance, risk management, or related fields

Education: Bachelor’s degree in Finance, Law, Business Administration or related discipline

Employment Type: Full-time

Industry: Banking & Financial Services

Department: Compliance & Risk Management

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

Vacancies:1

Company Overview

Ecobank Malawi is a leading pan‑African bank that provides a full range of retail, corporate and investment banking services across the continent. With a strong commitment to financial inclusion, Ecobank supports small and medium enterprises, large corporations, and individual customers throughout Malawi. The bank’s presence in Balaka serves as a strategic hub for reaching the Southern Region’s growing market, fostering economic development and creating sustainable employment opportunities. As part of Ecobank’s global network, the Balaka branch adheres to the highest standards of corporate governance, risk management, and community engagement, making it an attractive destination for professionals seeking dynamic career opportunities in Malawi.

Job Overview

The Financial Crime Compliance Officer will lead the design, implementation, and monitoring of anti‑money laundering (AML) and counter‑terrorist financing (CTF) frameworks for Ecobank Malawi’s Balaka operations. This role is critical to safeguarding the bank’s reputation, ensuring compliance with local and international regulations, and supporting the bank’s mission of secure and transparent financial services. The officer will collaborate closely with internal audit, legal, and business units while maintaining strong relationships with the Financial Intelligence Unit (FIU) and other regulatory bodies. This position offers a unique chance to contribute to the fight against financial crime in Malawi, while advancing your career within a reputable international banking institution. For more information about Ecobank’s commitment to compliance and career growth, visit Malawi Job Search.

Key Responsibilities

• Develop, update, and enforce Ecobank’s AML/CTF policies, procedures, and controls in line with the Bank of Malawi guidelines and FATF recommendations.
• Conduct thorough customer due‑diligence (CDD) and enhanced due‑diligence (EDD) reviews for high‑risk accounts, ensuring accurate risk ratings and documentation.
• Monitor daily transaction flows using advanced analytics and transaction monitoring systems to detect suspicious activities.
• Prepare and file Suspicious Transaction Reports (STRs) to the FIU within statutory timelines, providing detailed analysis and supporting evidence.
• Lead periodic compliance risk assessments, gap analyses, and internal audits to identify weaknesses and implement corrective actions.
• Provide training and awareness programs for staff across all business lines on AML/CTF obligations, red‑flag indicators, and reporting procedures.
• Collaborate with the legal department to interpret new regulations and advise senior management on compliance implications.
• Maintain up‑to‑date knowledge of emerging financial crime trends, typologies, and regulatory changes affecting the banking sector in Malawi and the broader region.
• Prepare comprehensive compliance reports for senior leadership, regulators, and external auditors.
• Support the development of a robust culture of compliance through continuous improvement initiatives and stakeholder engagement.

Required Skills

• In‑depth knowledge of AML/CTF regulations, including the Bank of Malawi AML Act, FATF standards, and international best practices.
• Strong analytical and investigative skills with the ability to interpret complex transaction data.
• Excellent written and verbal communication skills, capable of drafting clear reports and presenting findings to senior management.
• Proficiency in AML software tools and Microsoft Office Suite; experience with data visualization is a plus.
• High ethical standards, attention to detail, and the ability to work independently under pressure.
• Effective stakeholder management and the ability to influence cross‑functional teams.

Education

A Bachelor’s degree in Finance, Law, Business Administration, Economics, or a related field is required. Professional certifications such as Certified Anti‑Money Laundering Specialist (CAMS), Certified Financial Crime Specialist (CFCS), or equivalent are highly desirable.

Experience

Minimum of five (5) years of hands‑on experience in AML/CTF compliance, risk management, or a related regulatory function within a banking or financial services environment. Prior experience working with the Bank of Malawi’s regulatory framework or the Financial Intelligence Unit is advantageous.

Salary

The successful candidate will receive a competitive annual salary ranging from SSP 1,200,000 to SSP 1,800,000, commensurate with experience and qualifications. Performance‑based bonuses and incentives may be awarded in line with Ecobank’s remuneration policy.

Benefits

• Comprehensive health insurance covering medical, dental, and vision care.
• Retirement savings plan with employer contributions.
• Paid annual leave, sick leave, and public holidays in accordance with Malawian labour law.
• Professional development allowance for certifications, workshops, and conferences.
• Employee assistance program and wellness initiatives.

Training

• On‑boarding program covering Ecobank’s compliance framework, systems, and corporate culture.
• Ongoing AML/CTF training modules and access to e‑learning platforms.
• Mentorship opportunities with senior compliance leaders across the Ecobank network.

Working Environment

Ecobank Malawi offers a collaborative, inclusive, and technology‑driven workplace. The Balaka office provides modern facilities, flexible working arrangements, and a supportive team environment that encourages innovation and continuous learning. Employees are empowered to make decisions that drive both personal growth and organizational success.

Application Process

Interested candidates should submit their updated CV and a cover letter outlining their relevant experience through the online application portal on the Ecobank careers page. Applications will be reviewed on a rolling basis, and shortlisted candidates will be contacted for an initial interview followed by a technical assessment.

Equal Opportunity Statement

Ecobank 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. All qualified applicants will receive consideration for employment without discrimination.