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ZamZam Bank
Verified
Compliance Officer – Interest-Free Banking
Addis Ababa - ethiopia
full-time
permanent
Posted
7 hours ago
Experience
4 Years
Deadline
Oct. 19, 2026 (6 days left)
Job Purpose
To support the effective implementation and continuous improvement of the Bank’s compliance management framework by monitoring adherence to applicable laws, regulations, directives, internal policies, procedures, and Shariah-related requirements within the scope of the compliance function. The position identifies and assesses compliance risks, conducts compliance reviews, monitors regulatory developments, coordinates corrective actions, and provides professional guidance to business units to promote a strong culture of compliance, ethical conduct, and regulatory accountability.
Key Duties and Responsibilities
A. Compliance Monitoring
Monitor compliance with applicable banking laws, National Bank of Ethiopia (NBE) directives, regulatory requirements, and the Bank’s internal policies and procedures.
Conduct periodic compliance reviews across departments, district offices, and branches.
B. Compliance Risk Management
Identify, assess, document, and report compliance risks.
Maintain the compliance risk register and recommend appropriate controls and mitigation measures.
C. Regulatory Monitoring and Reporting
Track regulatory changes and assess their implications for the Bank’s operations.
Support timely regulatory reporting and communicate relevant requirements to responsible business units.
D. Compliance Review and Corrective Actions
Document compliance findings and identify root causes.
Recommend remedial measures and follow up on the implementation of corrective actions.
E. AML/CFT Compliance Support
Monitor assigned anti-money laundering and counter-terrorist financing (AML/CFT) controls.
Monitor customer due diligence requirements and the escalation of suspicious activities in accordance with applicable requirements.
Minimum Qualifications and Experience
BA Degree in Banking and Finance, Economics, Management, Accounting, or another business-related field.
Four years of banking experience, of which two years must be as an officer in a risk, compliance, internal control, or audit-related area.
Required Competencies
Knowledge of Ethiopian banking laws, NBE directives, and applicable regulatory requirements.
Compliance risk identification and assessment.
Regulatory interpretation and monitoring.
Compliance testing, review, and reporting.
Knowledge of AML/CFT and Know Your Customer (KYC) principles.
Policy and procedure development.
Report writing, documentation, and record management.
Data analysis and proficiency in standard office applications.
Knowledge of interest-free banking operations and Shariah compliance requirements.
Confidentiality and discretion.
What We Offer
Purpose-Driven Career:
Contribute to the development of interest-free banking and financial inclusion in Ethiopia.
Professional Growth:
Develop leadership, technical, and professional capabilities.
Innovation:
Participate in digital transformation and modern banking services.
Impact:
Help expand access to financial services and economic opportunity.
Purposeful Culture:
Work in an organization founded on ethical values, professionalism, inclusiveness, and social responsibility.
Competitive Remuneration:
Receive a competitive salary and attractive remuneration package.
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