Main Purpose of the Job

Reporting to the Chief Governance Officer, the AML Officer will develop and support the implementation and maintenance of MDCB's Anti-Money Laundering, Counter-Terrorist Financing and Compliance Framework by ensuring regulatory compliance conducting risk assessments, monitoring transactions, and promoting strong compliance culture across the organisation

Key Responsibilities

• Proactively identify and assess MDCB's operational environment for money laundering and terrorist financing risks and recommend and implement appropriate policies and controls to mitigate those risks
• Implement and maintain AML/CFT policies and procedures
• Monitor legislative and regulatory developments affecting AML compliance
• Conduct enterprise-wide AML risk assessments
• Perform customer and supplier due diligence (KYC/KYB)
• Ensure that the Know Your Customer (KYC) and the Know Your Business (KYB) documentation is complete and compliant with regulatory requirements
• Monitor transactions and investigate suspicious activities
• Prepare regulatory and management compliance reports
• Liaise with regulatory and law enforcement agencies
• Deliver AML awareness and compliance training to ensure pervasive adherence to AML & Counter-Terrorism Financing (CTF) regulations and global standards
• Provides advice and guidance to management through the application of risk management principles, processes policies and procedures
• Keep abreast of local and international standards and regulatory advancements to recommend them to enhance MDCB's control environment
• Undertake supplier and client due diligence by assessing risks and crafting reports with recommendations on client relationships of transactions throughout the supplier and client lifecycle
• Handle the management and execution of the second line monitoring and assessment program for Anti-Money Laundering/Counter-Terrorism Financing (AML/CTF)
• Report any incident that MDCB needs to address using the appropriate reporting system and assist with the preparation of reports to regulatory authorities
• Provide relevant compliance reporting to ensure the completion and proper analysis of suspicious activity reports that have been conducted
• Provide routine updates to senior management and the board of directors on the overall health of the compliance program
• Establish and maintain an up to date the Company's internal AML and Counter-Terrorist Financing (CFT) policies and procedures
• Conduct regular, organisation wide risk assessments to identify vulnerabilities
• Oversee the processes to verify customer identities and understand the nature of their business
• Flag and manage high-risk clients such as Politically Exposed Persons (PEPs) of entities from sanctioned jurisdictions
• Ensure customer data is regularly updated and classified accurately based on risk profiles
• Investigate internal alerts or suspicious behaviour flagged by staff
• Draft and file accurate, timely SARs for Suspicious Transaction Reports/STRs to the Financial Intelligence Agency (FIA) and law enforcement agencies

Qualifications and Experience

• Bachelor's degree in law, Risk Management, Finance, Accounting, Business, or a related field
• AML, Compliance or Fraud-related certification will be an added advantage
• A minimum of Five (5) years relevant experience in AML compliance, risk management or financial services

Key Competencies

• Deep understanding of anti-money laundering and counter-terrorist financing (AML/CTF) regulations, including FATF recommendations and local jurisdiction requirements
• Ability to configure alerts, calibrate thresholds, and effectively screen against global sanctions lists (e.g. OFAC)
• Enterprise-Wide Risk Assessments (EWRA) to develop and implement customised internal AML controls
• Ability to distinguish genuine suspicious activity from "false positives" under high pressure
• Meticulous eye for catching subtle, multi-layered transaction patterns or inconsistencies in customer behaviour
• Exceptional verbal and written communication to document investigation findings and explain complex risks to non-technical stakeholders, senior management or law enforcement
• Devising practical, actionable solutions to mitigate risk while balancing compliance requirements with business goals
• Possessing unwavering ethical judgment and the ability to maintain unbiased opinions avoiding conflicts of interest
• Knowledge of AML/CFT legislation and FATF standards
• Attention to detail
• Integrity and ethical judgement
• Report writing

How to Apply

Interested candidates who meet the above requirements are invited to submit a comprehensive Curriculum Vitae together with a cover letter outlining their suitability for the position Applications should be addressed to:

Chief Human Capital Officer 

Minerals Development Company Botswana (Pty) Ltd 

Private Bag BO55 

Bontleng 

Gaborone 

Email to: recruitmentmdcb@mdcb.co.bw 

Or hand deliver at: 

Minerals Development Company Botswana (Pty) Ltd, Plot 74358, 1st Floor, Acacia House, Prime Plaza, New CBD, Gaborone 

Tel: +267 3810300

IMPORTANT:

• Only shortlisted candidates will be contacted
• The Closing date for submission of applications is 31st July 2026