Job Opening: Financial Institutions Officer at ECOWAS GIABA – Dakar, Senegal
The Economic Community of West African States (ECOWAS) is a coalition of fifteen West African nations established on 28 May 1975 via the Treaty of Lagos. Its core mission is to promote regional economic integration and development.
ECOWAS, through its specialized agency GIABA (Inter-Governmental Action Group against Money Laundering in West Africa), is currently recruiting for the following position:
📌 Job Title: Financial Institutions Officer
- Job Code: 20003323
- Location: Dakar, Senegal
- Institution: GIABA
- Grade: P1 / P2 / P3
- Duration: Permanent
- Department: Financial Institution and Non-Financial Institutions
- Directorate: Evaluation and Compliance
- Reports To: Senior Financial Institutions Officer
🌍 Role Overview
The Financial Institutions Officer will support GIABA’s mutual evaluation processes, capacity-building programs, and policy support for AML/CFT compliance. This includes working with financial institutions, regulators, and international frameworks to strengthen the region’s financial systems.
🛠️ Responsibilities
- Assist in conducting GIABA mutual evaluation exercises and support the work of experts in assessing AML/CFT compliance.
- Facilitate training programs for assessors and stakeholders across member states.
- Review and analyze follow-up reports and mutual evaluation reports from member states.
- Participate in drafting high-quality evaluation and follow-up documents in line with FATF and GIABA standards.
- Monitor developments in FATF methodologies, Universal ME Procedures, and contribute to updating GIABA practices.
- Contribute to technical assistance missions, strategic plans, and annual work plans related to AML/CFT in the financial sector.
- Engage with financial institutions, FIUs, and supervisory authorities to improve compliance and provide technical support.
- Support statutory meetings, draft session reports, and participate in the production of GIABA’s publications and reports.
- Undertake any other relevant duties assigned by supervisors to advance GIABA’s evaluation and compliance goals.
🎓 Required Qualifications & Experience
- Bachelor’s Degree in Economics, Banking, Finance, Administration, or other social sciences from a recognized institution.
- Minimum of 5 years of experience in financial sector development, AML/CFT compliance, or relevant roles within FIUs, regulatory bodies, or financial institutions.
- Strong understanding of FATF Standards, AML/CFT preventive measures, and mutual evaluation procedures.
- Experience with financial intelligence units (FIUs) and international cooperation (e.g. Egmont Group) is an asset.
- Relevant professional certifications (e.g. ACAMS) are advantageous.
- Working knowledge of AML/CFT frameworks at the national, regional, and global level.
- Age: 24 to 50 years (age limit does not apply to internal candidates).
- Language: Must be fluent in English, French, or Portuguese. A second ECOWAS language is an advantage.
💰 Salary Range
- P1: UA 32,123.20 (approx. $50,683.98 annually)
- P2: UA 37,674.89 (approx. $59,443.44 annually)
- P3: UA 43,414.62 (approx. $68,499.59 annually)
📅 Application Deadline
29th January, 2025
📨 How to Apply
Qualified and interested applicants should email the following to: g3323fio@giaba.org, using Financial Institutions Officer as the subject line:
- Completed Job Application Form
- Updated CV
- Motivation Letter
📥 Download Application Form (DOCX)
📌 Additional Notes
- Shortlisted applicants may undergo a written test and competency-based interview.
- This role is subject to local recruitment guidelines in line with Article 9.3 of the ECOWAS Staff Regulations (2022 revision).
- Candidates must reside in Senegal or within commuting distance of GIABA’s Secretariat in Dakar.
- Only shortlisted candidates will be contacted.
