JOB DESCRIPTION
Core Purpose of the Job:
The Senior Manager: Risk, Compliance and Internal Controls is accountable for developing, monitoring and managing an high quality Risk and AML/CFT Compliance software throughout the OpCo. The position is additionally accountable for management in all components of danger such as the embedding of a danger subculture and threat training/awareness at all tiers inside the Opco. The function leads groups throughout the under two sub functions:
Compliance and Internal Controls
Risk Management
The position entails working beneath the preparation of Group GM Risk and Compliance and continues normal liaison with Group Fintech Risk & Compliance team. The Manager Ethics, Risk and Compliance reviews to FinCo CEO and is supported with the aid of Managers and Specialists.
In addition, this position will collaborate with the regulatory function, which includes strategic and operational oversight of regulatory activities, concern be counted know-how with regard to interpretation of legislation, imparting regulatory education and will be the fundamental factor of contact for regulators.
Context
Fintech is coming into a new section the place operational and business excellence has turn out to be necessary for success. A separate Company has been set up to pressure economic merchandise and offerings to amplify the attain and velocity of operations. There is an improved center of attention in the industrial areas, new merchandise and offerings and scaling up of Digital capabilities. The incumbent ought to consequently make certain the profitable shipping in context of:
An expertise-based multicultural Fintech employer
A dynamic and evolving subject of Fintech/Financial Services industry
Revolutionary personnel practices which are bringing collectively international labour markets
Convergence in markets and exploration of non-traditional income streams require complicated interpretation and structuring
Evolving enterprise area continuously providing new challenges and possibilities to the core businesses
Agile approaches of working
RESPONSIBILITIES
Key Performance Areas / Essential Responsibilities
Key Deliverables
The Senior Manager: Risk, Compliance and Internal Controls will be responsible to acquire the following objectives:
Strategy Development and Implementation
Abide via the Group method and help in the advent of the OpCo purposeful method aligned with the overarching enterprise goals, underneath route from the CEO
Ensure high-quality implementation of the useful approach
Assist in overview of the OpCo purposeful method and roadmap, beneath path from the CEO, to make certain its alignment with the altering dynamics of the interior and exterior ecosystem
Staff Leadership and Management
Source, induct and control Genius in accordance with legislative recommendations and directives from the CEO/Group
Continually increase a tradition of robust collaboration and nice crew working
Ensure open conversation channels with personnel and put into effect exchange management interventions when required, and beneath supervision from the CEO
Provide definition of roles, responsibilities, man or woman desires and overall performance goals for the team
Set KPIs and supply ordinary overall performance remarks thru a well-defined and carried out overall performance evaluation program
Assist in the improvement and implementation of a coaching sketch in order to construct and boost competencies inside the team
Performance control sources in accordance with HR coverage and regulation the place necessary
Promote a ‘Fintech centric’ and ‘partnership approach’ to strengthen robust relationships with different working businesses and make sure adherence to Group governance
Governance
Strategic Meetings
Participate in strategic meetings
Support OpCo large transformation initiatives. Elicit inputs from applicable parties, when required
Implement ample danger mitigation and controls, with instructions from the CEO and Group team
Perform comparison baseline of Service Level Agreements (SLAs) and KPIs
Manage approval method from CEO/Group on new initiatives
Work with accepted price range for inner projects, underneath route from the CEO. Where required, additionally grant input
Facilitate training of suggestion on alternate initiatives SLA, insurance policies and procedures
Escalations
Escalate troubles that will end result in extreme time, scope, productivity, and fee or aid have an impact on to CEO / Group team
Manage and furnish options to escalations that have a couple of methods / features affect on quintessential route of carrier delivery, preserving CEO apprised of the same
Function Tactical
Provide inputs, when required, and execute all tasks initiated in the function
Assist in organising objectives, pursuits and budgets for the function
Identify and record key risks, problems and dependencies and set mitigation actions, with coaching from the CEO
Prepare documentation for sign-off / making choices involving tactical changes; apprise CEO of modifications made except approval
Performance
Monitor overall performance and alignment with divisional strategy
SLA approval and exception overall performance overview
Reporting
Report on a bimonthly / month-to-month groundwork to the CEO touching on to development made inside the feature and in accordance with the dimension metrics set with the aid of the organisation
Report on an advert hoc groundwork on particular projects, as required
Budgets
Assist in managing function’s budgets in line with commercial enterprise objectives, when required
Assist in managing venture initiative budgets in line with commercial enterprise objectives, when required
Operational Delivery
Functional Leadership:
As the useful chief of the AML, Ethics, Risk and Compliance vertical, the function is in charge to:
Align the effects of the Ethics, Risk and Compliance vertical, together and as character work areas in the OpCo, making sure that the Group suggestions are duly complied with
Measure the have an effect on and gain of the feature to OpCo and in turn, Group FinCo and document the true-value metrics. Drive non-stop enchancment throughout all verticals
Delivery Leadership:
As the transport leader of the Ethics, Risk and Compliance vertical, the position is responsible for the following work location outcomes:
Strategy & Analytics, Budgeting, Data and Reporting
Implement & execute policies, methods and hints set forth by means of team AML, Ethics, Risk and Compliance groups and make sure the group complies with the same
Implement governance to control the consolidated OpCo AML, Ethics, Risk and Compliance strategy, budgets and financials, below path from the OpCo CEO
Cascade the Group Fintech budget, analytics and reporting framework in the function, underneath course from the OpCo CEO
Deliver outcomes beneath the coaching of the Group GM Risk & Compliance, abiding by way of all the set directives and often reporting compliance
Operations
Implement the Risk administration Framework in the OpCo to efficaciously control all danger exposures (opportunity, hazard, uncertainty etc.) that pose an interior or external danger (political, economic, financial, market, international) to the business, its human beings and assets
Manage compliance to all relevant legal guidelines and rules and a frequent set of insurance policies and procedures
Build a risk-aware way of life in the OpCo by way of presenting ongoing training and elevating awareness
Manage the OpCo Ethics Management software to make certain that the organization conducts commercial enterprise in an moral and socially accountable manner
Manage improvement and execution of AML/CTF and Compliance initiatives and packages to comply with the legal, regulatory and licensing requirements. Ensure that all AML/CTF incidents are duly recorded and said and proactive monitoring is undertaken to forestall any future threats.
Coordinate the institution’s Anti Money Laundering (AML) things to do in appreciate of cellular cash offerings through making sure strict adherence to the Money Laundering & Financing of Terrorism Act and necessities thereof by way of all Employees, Agents and Customers.
Undertake interactions with in-country bank/s and enterprise and record on all problems bearing on to cash laundering and terrorist financing; the place required, are searching for help from CEO as properly as team team
Manage commercial enterprise operations and make certain full adherence to economic system for reconciliation and settlements
Provide tips to beautify the company’s Risk and Compliance Management’s road-map, policy, framework, methodology and system
Undertake and reveal outcomes from periodic enterprise resilience trying out to make sure that the enterprise continuity is covered from all exterior and/or inside disruptions
Additionally, make sure that commercial enterprise continuity and catastrophe restoration plans are typically reviewed and updated, such that they cowl a broad array of enterprise disruption risks
Manage identification and decision of all fraud risks, making sure that the fraud associated incidents are duly recorded and reported. Additionally, help the BankTech product section with specialised fraud prevention & reporting techniques.
Keep up to date on affect of manageable adjustments pushed through the neighborhood regulators, industry, marketplace, and/or prison environment
Implement & execute policies, strategies and recommendations set forth via team Legal & Regulatory crew and make certain the group complies with the same
Implement governance to manipulate the consolidated OpCo AML, Risk, Ethics, Compliance & Regulatory strategy, budgets and financials, underneath course from the OpCo CEO
Cascade the Group Fintech budget, analytics and reporting framework in the function, underneath course from the OpCo CEO
Deliver consequences beneath the preparation of the Group GM Compliance, AML, Risk & Regulatory Affairs, abiding by means of all the set directives and often reporting compliance
Regulatory
Ensure compliance with relevant regulatory necessities through typically deep diving and assessing opCo’s overall performance on key regulations
Serve as most important contact with regulators, planning and executing profitable regulatory organization conferences and engagements, the place required, contain CEO in main strategic meetings
Execute approach for all regulatory submissions, license compliance and product approvals, inclusive lead the preparation, assessment and completion of archives for regulatory submission
Monitor and document to Management fame of the Company’s compliance to all legal guidelines of Country, policies, first-class exercise and processes
Provide input, when required, in the Company approach for making sure future compliance and mitigation of hazard i.e. Material legislations, fines and reporting necessities for quite a number regulators
Understand the affect of possible adjustments pushed by using the neighborhood regulators, industry, marketplace, and/or felony surroundings and file these again to administration to make certain agency alignment
Be up to date on all applicable compliance and regulatory necessities inside the nearby Telecommunications and Mobile Financial Services Industry and make sure the employer complies
Create and preserve amicable working relationships with regulators and make certain sustainable stake holder engagement
Other duties and duties, as assigned
Fraud
Developing and embedding a fraud hazard administration programme
Monitoring and investigating consumer fraud
Creating client and inner fraud awareness
Managerial / Supervisory Responsibilities
Accountable for the morale, performance, and improvement of the function’s human capital
Cascade and socialize work shape techniques to allow adoption by using the team
Coach and mentor direct reports
Ensure assigned crew is led, motivated, and rewarded to reap KPA’s
Ensure that teaching / mentoring packages and private improvement plans are in vicinity for all workforce members
Ensure nice administration of range amongst personnel in the function
Identify team of workers education and improvement wishes and enforce indispensable actions, in collaboration with HR
Motivate and control people to operate at the easiest level, mainly in phrases of transport and assembly goal deadlines
Possess the authority, presence, and integrity to command recognize from colleagues and from exterior contacts
Provide profession improvement for direct reviews (counselling, coaching, figuring out key overall performance areas, profession planning, and aim setting), in collaboration with HR
QUALIFICATIONS
Education:
Business Administration/ Social Science/ Finance (or related) Degree
Master’s in enterprise administration/ Compliance/ Risk Management or applicable Master’s diploma is advantageous
Risk administration certification
Experience:
Minimum five to eight years applicable ride in a comparable role with at least two years in a managerial role
Experience in Fintech, banking or economic offerings is preferred
Working journey in senior Risk Management positions inside a multinational organisation
In depth ride in AML, Risk Management, Internal Audit or a comparable function, working with inner manage tools
Experience working in a global/multinational agency with a true perception rising market
Proof of persevering with training thru courses, private improvement and seminars
Competencies:
Functional Knowledge:
Risk Management (Knowledge of ISO31000 hazard administration principles, Knowledge of Corporate regulatory environment, Fintech hazard environment, Financial, Technology & Operational risk, Business Continuity Management, ethics management)
Compliance (AML/ CTF legal guidelines knowledge, Suspicious Transactions Analysis, Risk Scenario Mapping, Process Compliance, Audit Sampling & Analysis)
Fraud Management (Fraud Analysis, Fraud Investigation, Financial records analysis, Fraud structures & tools)
Data coping with & analysis
Audit sampling & analyses
Report writing & presentation
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