Sanctions and Due Diligence Officer: ZB Financial Holdings

Company: ZB Financial Holdings
Job Title: Sanctions and Due Diligence Officer
Location: Harare, Zimbabwe

Job Advert:

ZB Financial Holdings is seeking a motivated and detail-oriented Sanctions and Due Diligence Officer to join their Compliance team.

This is an exciting opportunity to work in a dynamic and innovative environment that offers tremendous opportunities for professional growth while contributing to the bank’s monitoring and reporting framework.

What the Role Entails:

As a Sanctions and Due Diligence Officer, you will be crucial in ensuring compliance with both international and local sanctions regulations, as well as Customer Due Diligence (CDD) and Enhanced Due Diligence (EDD) requirements. You will also oversee compliance related to cross-border transactions.

Key Responsibilities:

• Conduct detailed sanctions screening of customers, transactions, and counterparties against relevant regulatory lists and databases; maintain and update sanctions registers.
• Perform EDD on high-risk clients, including detailed risk assessments and transaction monitoring.
• Collaborate with various business units to ensure adherence to internal policies and effective risk management practices.
• Prepare comprehensive EDD reports and escalate issues to the AML Compliance Officer as needed.

• Stay updated with changes in sanctions regulations and industry best practices; provide training to staff on compliance updates.
• Screen outward and inward cross-border wire transfers for potential sanctions breaches.
• Investigate and escalate potential sanctions matches for further review.

• Implement sanctions risk assessments; assist in policy updates.
• Maintain meticulous records for regulatory audits and compliance reviews.
• Develop, implement, and maintain sanctions and due diligence policies.

• Conduct gap analyses to identify weaknesses in the Bank’s sanctions compliance program and assist in staff training on compliance risks.
• Perform thorough reviews and investigations of both outgoing and incoming cross-border wire transfers flagged for potential matches against government sanction lists (OFAC, UN, EU, etc.).
• Conduct research to provide appropriate advice on various sanctions programs.

Preferred Qualifications and Experience:

• Bachelor’s degree in Finance, Law, Business Administration, Risk Management, or a related field.
• Certifications such as Certified Anti-Money Laundering Specialist (CAMS) or Certified Global Sanctions Specialist (CGSS) are a plus.
• Minimum of 3 years’ experience in a Compliance department within a financial institution.

Competencies:

• Strong knowledge of international and local sanctions regulations.
• Familiarity with due diligence and sanctions screening tools, transaction monitoring systems, and risk assessment frameworks.
• Excellent analytical and problem-solving skills.

• High attention to detail in sanctions screening and due diligence checks.
• Strong communication and report-writing abilities for internal and regulatory reporting.
• Ethical and confidential handling of sensitive customer information.

• Ability to work under pressure and meet tight regulatory deadlines.
• Proven capability to work efficiently and autonomously, maintaining a sharp focus on detail.

If you are a driven professional with expertise in sanctions and compliance monitoring, we invite you to apply now and join us in shaping the future of regulated transactions in Zimbabwe.

How to Apply: APPLY HERE

ZB Financial Holdings is an equal opportunity employer. We celebrate diversity and are committed to creating an inclusive environment for all employees.