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  • Posted: Apr 12, 2023
    Deadline: Apr 24, 2023
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    MTN is a leading emerging market operator, connecting subscribers in 22 countries in Africa, Asia and the Middle East. The MTN Group is listed on the JSE Securities Exchange in South Africa under the share code: MTN. As of 30 June 2013, MTN recorded 201.5 million subscribers across its operations in Afghanistan, Benin, Botswana, Cameroon, Cote dIvoire, Cy...
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    Head of Regulatory Risk & Compliance

    About The Job

    Job Summary

    • Responsible for developing, monitoring, and managing an effective Risk and Compliance environment. 
    • This includes an effective Anti-money Laundering and Counter Financing Terrorism (AML/CFT) Compliance program and strategy across Mobile Money Limited (MML).

    Job Context

    • A Fintech/ Financial services Industry
    • Multi regulated and multidimensional stakeholder management
    • Environmental, social and governance prioritized.
    • Partnerships and platform business at the core of business ambition
    • Evolving industry
    • Agile ways of working

    Job Role & Responsibilities

    • Strategy Development and Implementation:
      • Develop and execute functional strategy aligned with MML strategy in collaboration with the leadership of MML
      • Ensure effective implementation of the functional strategy by means of providing direction, structure, frameworks, models, plans and roadmaps
      • Oversee regular review of the functional strategy and roadmap, in collaboration with the MML leadership, to ensure its alignment with the changing dynamics of the internal and external ecosystem.
    • Governance:
      • Responsible for leadership in all aspects of risk which includes embedding of a proactive risk culture and risk capability building/awareness at all levels within MML
      • Ensure strong governance cadence are in place across all key areas of the business
      • Drive MML wide transformation initiatives, elicit inputs from relevant parties
      • Ensure adequate risk mitigation and controls are in place within the operating environment and other dependent ecosystems.
      • Perform evaluation baseline of Service Level Agreements (SLAs) and KPIs for key support services and systems
      • Dedicate relevant budget for internal projects, aligned to the relevant governance requirements
      • Drive preparation of proposal on change initiatives SLA, policies, and procedures
      • Monitor performance and alignment with overall MML strategy
    • Reporting:
      • Ensure the relevant internal and external reporting requirements are met and provide the relevant insights for decision making. 
      • Report on an ad hoc basis on specific projects, as required
    • Budgets:
      • Manage function’s budgets in line with business objectives
      • Manage project initiative budgets in line with business objectives
      • Ensure that the cost of operations is reduced, in line with a least cost operating strategy stemming from business drivers.
    • Operational Delivery:
      • Monitor and align the direction, strategy, and results of the Ethics, Risk & Compliance Vertical, collectively and as individual work areas in the MML, ensuring that the Group guidelines are duly complied with
      • Lead and deploy an integrated solution development and problem-solving philosophy across the function
      • Implement and oversee execution of policies, procedures and guidelines as per regulation and business practice
      • Implement governance to manage the consolidated MML Ethics, Risk and Compliance strategy, budgets and financials.
      • Oversee implementation of the Risk management Framework in the MML to effectively manage all risk exposures (opportunity, hazard, uncertainty etc.) that pose an internal or external threat (political, economic, financial, market, international) to the business, its people and assets
      • Monitor compliance to effectively manage compliance to all applicable laws and regulations and a common set of policies and procedures
      • Build a risk-aware culture in the MML by providing ongoing education and raising awareness
      • Oversee the MML Ethics Management program to ensure that the company conducts business in an ethical and socially responsible manner
      • Lead development and execution of AML/CTF and Compliance initiatives and programs to comply with the legal, regulatory and licensing requirements
      • Lead interactions with in-country bank/s and business and report on all issues relating to money laundering and terrorist financing
      • Have oversight of business operations and ensure full adherence to financial process for reconciliation and settlements
      • Provide recommendations to enhance the company's Risk and Compliance Management's road-map, policy, Framework, methodology and system
      • Oversee execution of and monitor results from periodic business resilience testing to ensure that the business continuity is protected from all external and/or internal disruptions
      • Additionally, monitor regular reviews and updates of business continuity and disaster recovery plans, such that they cover a wide array of business disruption risks
      • Lead identification and resolution of all fraud risks, ensuring that the fraud related incidents are duly recorded and reported. 
      • Additionally, support the BankTech product segment with specialized fraud prevention & reporting techniques.
      • Keep up to date on impact of potential changes driven by the local regulators, industry, marketplace, and/or legal environment
      • Other tasks and duties, as assigned.

    Education:

    • Minimum of a a postgraduate qualification in a related field.
    • Certified Risk Professional (ISO 27005 Risk management certification)

    Experience:

    • Minimum of 8 years of strategic risk experience. Fintech, Banking and Financial, technology, Fintech Consulting preferred.
    • Emerging markets and multicultural exposure advantageous
    • Proven strategic ethics, AML CFT, fraud, regulatory and compliance management experience

    Competencies

    • Professional/Technical Competencies:
      • Risk Management (Knowledge of ISO31000 risk management principles, Knowledge of Corporate regulatory environment, Fintech risk environment, Financial, Technology & Operational risk, Business Continuity Management, ethics management)
      • Compliance (AML/ CTF laws knowledge, Suspicious Transactions Analysis, Risk Scenario Mapping, Process Compliance, Audit Sampling & Analysis)
      • Fraud Management (Fraud Analysis, Fraud Investigation, Financial data analysis, Fraud systems & tools)

    Stakeholder Management:

    • Data handling & analysis
    • Audit sampling & analyses

    Behavioral Competencies

    • Must live the MTN Values of:
      • Can Do; Integrity; leadership; Innovation; Relationships
      • Must exhibit the MTN Vital Behaviors of
      • Complete Candor, Complete Accountability, Active Collaboration & Get it done.

    Method of Application

    • Qualified applicants should indicate vacancy number Ref no MMLSM007 as the email subject and ensure that CVs are saved in their names.
    • Applications without the subject and CVs saved in their names will automatically be disqualified.
    • Interested and qualified applicants should send their Curriculum Vitae to: [email protected]
    • Only shortlisted applicants will be contacted.
    Send your application to [email protected]

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