Job Advertisement / Recruiting Specification for Compliance Officer at LoanCo Financial Services Zambia
Position Title: Compliance Officer – Non Banking Deposit Taking Micro Finance Institution.
Location: Lusaka, Zambia
Reports To: Chief Executive Officer (CEO) (with regular interaction to the Bank of Zambia)
Department: Compliance and Risk
Employment Type: Full-time, Permanent
Company Overview: LoanCo Zambia is a Non Banking Deposit Taking Microfinance Institution specializing in payroll lending across Zambia, with a strong focus on public and private sector employees. We're committed to ethical financial services, regulatory excellence, and financial inclusion. Join our expanding team to ensure compliance while driving growth in a dynamic environment.
Job Summary: We are seeking an experienced and detail-oriented Zambian Compliance Officer to ensure full adherence to Bank of Zambia (BOZ) regulations, anti-money laundering (AML) requirements, consumer protection laws, and internal policies. This upper-level role involves developing compliance frameworks, conducting risk assessments, and supporting regulatory reporting, while collaborating with group-level stakeholders in Pretoria.
Key Responsibilities:
· Develop, implement, and monitor the institution's compliance framework, including policies for AML/CFT, consumer protection, and BOZ reporting obligations.
· Conduct regular risk assessments, internal reviews, and staff training on regulatory requirements, including the Banking and Financial Services Act, Prohibition and Prevention of Money Laundering Act, and BOZ Directives.
· Oversee suspicious transaction reporting, KYC processes, and liaison with regulatory bodies such as BOZ and the Financial Intelligence Centre (FIC).
· Prepare and submit accurate quarterly/annual reports to BOZ, ensuring timely compliance with licensing conditions and governance standards.
· Collaborate with Audit, Risk, and Credit Committees to address findings and implement corrective actions.
· Monitor changes in Zambian financial regulations and advise management on impacts to payroll lending operations.
· Utilize our proprietary software (Credit Ease) for compliance monitoring and reporting—full training will be provided.
· Build strong relationships with internal teams to foster a culture of compliance and ethical practices.
Required Qualifications and Experience:
· Zambian national with proven experience in compliance, preferably in microfinance, NBFI, banking, or fintech sectors.
· In-depth knowledge of BOZ regulations for deposit taking MFI’s, non-deposit-taking MFIs, AML/CFT directives, and consumer protection laws.
· Experience in regulatory reporting, risk-based compliance monitoring, and handling BOZ inspections or audits is essential.
· Degree in Law, Finance, Banking, Economics, Risk Management, or a related field; professional qualifications (e.g., AML certification) are an advantage.
· Minimum 3–5 years in a similar compliance role preferred.
· This position and candidate is subject to approval by the Bank of Zambia.
Key Skills and Attributes:
· Proficiency in standard IT tools: Email, Microsoft Word, and advanced Excel skills (e.g., for data analysis, compliance dashboards, and reporting).
· Goal-oriented mindset with strong analytical skills and attention to detail.
· Ability to work independently while interacting effectively with senior management and group-level stakeholders.
What We Offer:
· Competitive upper-level salary and customizable incentive scheme based on compliance performance (benchmark details below).
· Opportunity to play a key role in a growing payroll lending operation and other financial services products, allowed under the Bank of Zambia license specifications.
· Professional development, including regulatory training and software familiarization.
· Lusaka-based role contributing to financial inclusion and regulatory excellence in Zambia.
· Salary will be discussed individually but will range between ZMW24,000 to ZMW 30,000 cost to company per month. A 13th cheque forms part of the package.
How to Apply: Send your CV, cover letter, and references to admin@loanco.africa; cc. osborn@loanco.africa, with the subject "Compliance Officer Application – Lusaka." Applications close, Monday the 25th of May 2026. Only shortlisted candidates will be contacted.
