Tumisang Ramotlopi
(MSC) (CIS) (CAMS) BICA Membership ID: 20160459
Gaborone
Summary
Accomplished and highly specialized Compliance Analyst with over 10 years of multi-sector experience across regulatory supervision, AML/CFT enforcement, and financial oversight within Botswana’s dynamic financial ecosystem. Leveraging a strong foundation in finance, strategic management, and certified anti-money laundering practices, I have developed and operationalized risk-based frameworks, led sector-specific investigations, and pioneered supervisory innovations that align national practices with evolving FATF standards. My unique approach blends technical proficiency with policy insight, enabling effective engagement with licensed entities, enforcement of legal frameworks, and the cultivation of a transparent and compliant financial sector. My work is grounded in integrity, analytical rigour, and an unwavering commitment to the stability of Botswana’s financial institutions.
Overview
13
13
years of professional experience
Work History
Analyst Licensing
NBFIRA
09.2022 - Current
- Evaluated licensing applications and conducted end-to-end assessments across multiple financial sectors—including insurance, retirement funds, capital markets, virtual assets, and lending—ensuring alignment with the NBFIRA Act, Financial Intelligence Act, and global AML directives
- Led compliance assessments and rigorous due diligence checks on high-risk individuals, PEPs, UBOs, and key, enhancing AML/CFT oversight in the NBFI sector
- Supported NBFIs in the development and implementation of AML/CFT policies, incorporating FATF recommendations and improving compliance with local and international regulatory standards
- Spearheaded product risk assessments within the insurance and capital markets sectors, ensuring compliance at the development stage
- Collaborated with NBFIs and financial institutions to streamline licensing and compliance processes, contributing to a 90% compliance rate and improving regulatory efficiency.
- Investigated regulatory breaches, suspicious activity, and financial crime; facilitated enforcement hearings; and drafted compliance directives that reinforced institutional governance and regulatory discipline
- Designed and enforced compliance tools to assess controllers, UBOs, and their associates entering the NBFI sector, significantly strengthening AML oversight
- Drafted and reviewed compliance assessment manuals and SOPs, integrating FATF interpretive notes to enhance cross-sector AML/CFT supervisory methodologies
- Monitored license status, ensured timely renewals and updates, and streamlined processing workflows using effective management techniques
- Developed training materials, mentored junior analysts, led technical workshops, and built internal capacity around emerging risks in fintech and crypto assets
- Collaborated with national and regional enforcement bodies to improve cross-border AML/CFT implementation and supervisory cooperation
Analyst Retirement Funds
NBFIRA
10.2017 - 08.2022
- Led the regulatory oversight of retirement funds, ensuring alignment with the Retirement Funds Act and Prudential Rules, which enhanced fund performance and reduced compliance violations
- Designed and implemented the Risk-Based Supervision (RBS) model for retirement funds, institutionalizing periodic risk ratings based on solvency, governance, and AML exposure, while performing timely risk profiling and offsite supervision of regulated entities
- Conducted both on-site and off-site supervision of retirement funds managing assets in a range on BWP500 million - BWP 1 Billion, monitoring financial health, solvency, and compliance with regulatory standards
- Oversaw the licensing and supervision of retirement fund administrators and trustees, providing targeted advisories, remediation plans, and regulatory support to ensure adherence to local laws and international financial crime prevention frameworks
- Managed inspection cycles for pension funds using accounting and trend analysis to detect anomalies in asset movements and contribution flows
- Developed and enforced compliance monitoring frameworks aimed at preventing money laundering and terrorist financing within the retirement fund sector, while contributing to AML/CFT knowledge-sharing forums and highlighting cross-sector ML/TF vulnerabilities
- Served as a liaison to legal, actuarial, and financial advisory teams, resolving complex contraventions and clarifying policy interpretations to streamline regulatory compliance
- Led the drafting and revision of retirement fund-related regulatory policies and Prudential Rules, while initiating benchmarking exercises with regional counterparts to align supervisory practices
- Investigated fund misconduct and compliance breaches, organized bilateral meetings with key fund personnel, and prepared comprehensive back-to-office reports to document findings and recommend corrective actions
- Collaborated with internal legal teams and external stakeholders to address complaints, inquiries, and regulatory infractions, ensuring timely and effective resolution
- Liaised directly with Principal Officers and key persons of retirement funds to reinforce compliance, facilitate engagement, and strengthen governance practices
- Effectively handled ad hoc assignments from management, demonstrating flexibility and commitment to institutional priorities
Accountant
NBFIRA
04.2013 - 09.2017
- Contiributed to end-to-end financial operations, including payroll processing, procurement control, budget execution, and statutory disbursements, ensuring strict compliance with public sector financial management frameworks
- Managed aspects of payroll and related reconciliations, ensuring adherence to statutory and regulatory requirements
- Prepared accounting records, financial statements, and management reports—including monthly, quarterly, and IFRS-compliant statements used for national budget reconciliation and parliamentary submissions
- Supported internal and external audits by maintaining accurate documentation, contributing to regulatory compliance and financial stability for the Ministry of Finance
- Led contributed to budget preparation, and reporting processes, ensuring financial control and compliance with regulatory and policy requirements
- Identified financial risks and implemented mitigation strategies, maintaining regular updates to the organizational risk register
- Ensured consistent application of accounting policies, procedures, and internal controls across all financial transactions
- Collaborated with treasury units and procurement boards to enhance internal controls, promote compliance with tender rules, and prevent fraud
- Managed asset reconciliations during high-stakes audit periods, contributing to clean audits and enhanced fiscal transparency
Accounts - Intern
Ministry of Finance
05.2012 - 03.2013
- Enhanced overall financial accuracy by diligently maintaining organized records of all transactions and supporting documents.
- Supported the accounts receivable team with timely invoicing and diligent follow-up on outstanding balances, resulting in improved cash flow.
- Streamlined account reconciliation processes by identifying and correcting discrepancies in financial statements.
- Assisted in preparing accurate and timely financial reports for management review, contributing to informed decisionmaking.
Education
Insurance And Risk Management
COP Long Term Insurance - Ongoing
Accounting And Finance
ACCA - Ongoing
Certified Anti-Money Laundering Specialist
ACMAS
12-2024
Certificate in Collective Investment Schemes
University of Cape Town
Capetown 03-2023
Master of Science - MSc Strategic Management
Botswana Accountancy College
Gaborone 04.2001 -
Bachelor of Arts - Ba (Hons)Accounting And Finance
Botswana Accountancy College
Gaborone 04.2001 -
Skills
Multi-sector AML/CFT Risk Profiling NBFI Licensing and Sectoral Compliance Strategy Supervisory Policy Design & Implementation AML Framework Harmonization & FATF Alignment Investigative Analysis of Financial Misconduct Regulatory Communication & Institutional Advisory Stakeholder Engagement and Public Trust Building Financial Integrity & Enforcement Operations Strategic Planning within Supervisory Contexts
Timeline
Analyst Licensing
NBFIRA
09.2022 - Current
Analyst Retirement Funds
NBFIRA
10.2017 - 08.2022
Accountant
NBFIRA
04.2013 - 09.2017
Accounts - Intern
Ministry of Finance
05.2012 - 03.2013
Master of Science - MSc Strategic Management
Botswana Accountancy College
04.2001 -
Bachelor of Arts - Ba (Hons)Accounting And Finance
Botswana Accountancy College
04.2001 -
Insurance And Risk Management
COP Long Term Insurance - Ongoing
Accounting And Finance
ACCA - Ongoing
Certified Anti-Money Laundering Specialist
ACMAS
Certificate in Collective Investment Schemes
University of Cape Town
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