VACANCY ANNOUNCEMENT

Position: Risk and Compliance Officer

Organization: Liwiro Finance Limited

Job Type: Full Time

Reporting to: Senior Management

Location: Malawi

Application Emails: hr@liwiromalawi.com, ceo@liwiromalawi.com, chairman@liwiromalawi.com

Application Link: https://forms.gle/T7iV3MvcKK6UZTRP7

Deadline: 18th June 2025

About the Company

Liwiro Finance Limited is a licensed non-deposit microfinance company operated in Malawi, licensed by the Reserve Bank of Malawi as a dynamic and fast-growing financial services institution. Liwiro Finance is dedicated to advancing financial inclusion through innovative, technology-driven lending solutions. Building on a strong foundation in microcredit, the company delivers accessible and reliable credit products to underserved and digitally active populations.

With a focus on efficiency, transparency, and customer-centric design, Liwiro Finance Limited leverages digital platforms to provide seamless loan application and disbursement experiences. Its flagship digital lending solutions enable customers to access funds quickly, supporting urgent financial needs and empowering individuals to improve their livelihoods.

Guided by strong governance, regulatory compliance, and risk management practices, the company is committed to sustainable growth and long-term impact. By combining data-driven credit assessment with responsible lending principles, Liwiro Finance Limited continues to position itself as a trusted partner in Malawi's evolving financial ecosystem.

Work Environment

The position requires interaction with regulators, auditors, and other stakeholders.

Job Purpose

The Compliance Officer will play a critical role in ensuring that the organization operates within legal and regulatory frameworks and complies with all internal policies, regulatory requirements, and ethical standards. The role involves monitoring and evaluating compliance issues while cultivating and promoting a culture of compliance and integrity within the organisation.

Key Duties and Responsibilities

Regulatory Compliance

• Monitor regulatory developments and ensure compliance and adherence with all relevant laws, regulations, and guidelines from regulatory bodies
• Monitor regulatory updates and implement necessary changes
• Prepare and submit required regulatory reports accurately and on time
• Liaise with regulatory bodies during inspections, audits, or inquiries

Internal Compliance Monitoring

• Conduct internal reviews, risk assessments, and compliance audits to evaluate adherence to internal controls and regulatory standards
• Investigate compliance breaches and recommend corrective action
• Act as Money Laundering Reporting Officer
• Monitor suspicious transactions and ensure reporting to relevant authorities as required
• Ensure that proper Know Your Customer (KYC) and customer due diligence processes are followed
• Identify and mitigate compliance risks

Training and Awareness

• Train staff on compliance-related matters such as Anti-Money Laundering, data protection, and ethical conduct
• Promote a culture of compliance through awareness programmes and continuous engagement

Policy Development and Review

• Draft, update, and implement compliance-related policies and procedures
• Ensure that all departments understand and follow relevant policies
• Ensure that policies align with regulatory requirements

Monitoring, Reporting and Documentation

• Monitor compliance with regulatory requirements
• Maintain compliance records, including audit findings, regulatory correspondence, and training records
• Report compliance issues to management and regulatory bodies
• Report regularly to senior management and/or the Board on compliance status, risks, and breaches

Audit and Investigation

• Conduct internal audits to ensure compliance
• Investigate compliance breaches and implement corrective actions

Qualifications and Experience

• Bachelor's Degree in Accounting, Auditing, Business Administration, or a related field
• At least 6 (six) years of experience in Audit, Risk, or Compliance, with 3 years in a leadership position, preferably in the financial or finance sector
• Good knowledge of regulatory reporting

Skills and Competencies

• Strong understanding of financial regulations and finance operations
• Excellent written and verbal communication skills
• Strong interpersonal and communication skills
• High level of integrity, confidentiality, and professionalism
• Ability to multi-task and manage time effectively
• Problem-solving and conflict resolution skills
• High proficiency in Microsoft Office and compliance monitoring tools

Key Relationships

• Internal: All staff, Senior Management
• External: Regulatory Bodies, External Auditors

Remuneration

The Company offers competitive benefits based on qualifications and experience. Starting salary range for this position is MK800,000 to MK1,500,000 depending on qualifications and experience.

How to Apply

Those who meet the above requirements should send their applications to the following email addresses by 18th June 2025:

hr@liwiromalawi.com

Copy: ceo@liwiromalawi.com, chairman@liwiromalawi.com

And fill out the following online form: https://forms.gle/T7iV3MvcKK6UZTRP7

Only shortlisted candidates will be contacted.