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1 week ago
We are looking for a motivated, solutions-driven individual who thrives in a fast-paced environment, takes ownership of their work, and wants to make a meaningful impact. If you enjoy solving complex challenges, working with diverse stakeholders, and being part of a team that embraces growth and innovation across Africa, we would love to hear from you.
About the Role
The Compliance Manager will be responsible for implementing and administering Compliance Management for the Company in accordance with Select Africa Group policies and procedures, while ensuring compliance with all applicable Malawi laws and regulations.
Job Summary
- Employer: Select Africa Group
- Job Type: Full-time
- Location: Lilongwe, Malawi
- Category: Compliance
- Closing Date: 2026-10-06
Key Responsibilities
- Anti-Money Laundering (AML) & Combating the Financing of Terrorism (CFT)
- Act as the primary AML/CFT compliance contact.
- Implement and maintain AML/CFT programmes and procedures.
- Conduct compliance and KYC reviews.
- Monitor client activity and identify suspicious transactions.
- Liaise with regulatory authorities and submit required reports.
- Conduct ongoing AML/CFT training and awareness initiatives.
- Regulatory Compliance & Risk Management
- Manage relationships with regulators and coordinate regulatory submissions.
- Maintain compliance risk management plans and compliance registers.
- Conduct compliance monitoring and gap analyses.
- Ensure adherence to all applicable legislation and regulatory requirements.
- Assist with regulatory inspections and audits.
- Provide compliance guidance and support to management and operational teams.
- Reporting & Governance
- Prepare and present compliance reports to management and relevant committees.
- Monitor regulatory developments and advise the business on potential impacts.
- Assist with internal audits and control assessments.
- Promote a strong culture of compliance across the organisation.
Requirements
- Relevant undergraduate qualification (BA LLB or similar preferred).
- Compliance Officer’s Examination qualification will be advantageous.
- Minimum of 3 years’ relevant compliance experience.
- Financial services industry experience is essential.
- Knowledge of African financial services regulatory environments will be advantageous.
- The successful candidate will demonstrate:
- Strong communication and interpersonal skills.
- Excellent attention to detail.
- Sound judgement and problem-solving ability.
- The ability to manage multiple priorities in a fast-paced environment.
- Initiative, accountability, and a self-starter mindset.
- The ability to work independently and collaboratively.
- A strong work ethic and professional approach.
How to Apply
Apply by email: info.malawi@selectafrica.net
Frequently Asked Questions
What qualifications or certifications do I need to become a Compliance Manager in Malawi?
Most employers require a bachelor's degree in law, finance, business administration, or a related field. Professional certifications such as Certified Compliance Professional (CCP), Certified Anti-Money Laundering Specialist (CAMS), or ICA qualifications are highly valued. Experience in banking, insurance, or microfinance sectors is often preferred given Malawi's regulatory environment.
What are the typical day-to-day responsibilities of a Compliance Manager?
You will monitor adherence to laws and internal policies, conduct risk assessments, and prepare reports for regulators like the Reserve Bank of Malawi or the Financial Intelligence Authority. Daily tasks include reviewing transactions for suspicious activity, training staff on compliance matters, and updating policies to reflect regulatory changes. You will also liaise with external auditors and respond to regulatory queries.
How does the work culture in Malawi affect compliance roles?
Malawian workplaces value respect for hierarchy and strong relationships, so building trust across departments is essential for effective compliance implementation. Punctuality and formal communication are expected, especially when dealing with regulators. You may need to balance strict regulatory requirements with practical business needs in a developing market context.
What career progression opportunities exist for Compliance Managers in Malawi?
With experience, you can advance to Head of Compliance, Chief Risk Officer, or executive roles within financial institutions. Some professionals move into consulting or join regional compliance teams covering Southern Africa. Specializing in areas like anti-money laundering or data protection can open additional opportunities as regulations evolve.
What benefits are typically offered to Compliance Managers in Malawi?
Benefits usually include medical aid coverage, pension contributions, and annual leave as mandated by Malawi's Employment Act. Larger employers may offer additional perks such as performance bonuses, professional development funding, and group life insurance. Benefits vary significantly between local and international organizations operating in Malawi.
How should I apply for a Compliance Manager position, and what do employers look for?
Apply through job portals like MyJobo, LinkedIn, or directly on company websites, ensuring your CV highlights relevant regulatory experience and certifications. Employers seek candidates with strong analytical skills, integrity, and knowledge of Malawi's financial regulations. Prepare for interviews by demonstrating understanding of local laws such as the Financial Services Act and Anti-Money Laundering regulations.