Analyst - Anti Money Laundering Risk Fintech CEO's Office at MTN

JOB DESCRIPTION

• Monitoring money transfer transactions with the aim of detecting, investigating and reporting suspicious activities which could lead to money laundering, terrorist financing or criminal activities. Ensuring that MTN is not used by sanctioned individuals or entities for money laundering, financing terrorism, fraud and other criminal activities. 

RESPONSIBILITIES

Operations

• Supporting the implementation of the MTN Group Risk Management strategy and framework as it relates to Mobile Financial Services (MFS) 
• Ensure Mobile Financial Services (MFS) risks are kept within acceptable limits and timely escalation of identified risks that may impact business operations
• Represent MFS Compliance on projects/products to enhance transaction monitoring coverage
• Provide sound Anti-Money Laundering risk-based advice and direction to stakeholders in Mobile Financial Services projects and product design. Ensure Anti-Money Laundering compliance in technical builds
• Apply Anti-Money Laundering discipline aimed at adequate & effective Anti-Money Laundering detection, monitoring and reporting
• Investigate and assess alerts for potential money laundering risks to MT
• Establish and maintain effective relationships with stakeholders in the Anti-Money Laundering process including those in Information Technology, MFS Group, Finance, Sales & Distribution and first-line Compliance business disciplines
• Support Anti-Money Laundering Awareness for internal MTN SA Staff, Customers Merchants, Dealers, Mobile Money Agents and third-party Partners
• Prepare timely reports for management, MTN Group as well as those to external regulators e.g. Financial Intelligence Authority on suspicious transactions
• Ensure the company is compliant with Anti-Money Laundering and counter terrorism financing regulations.
• Effective monitoring of suspicious & large cash movements relating to Mobile Money transactions.
• Stay abreast of business & industry trends, and best practice
• Provide oversight on customer onboarding and transactions monitoring 
• Review and investigate Suspicious Transaction Reports to be submitted to the AML compliance Officer.

Reporting

• Produce and submit cash transaction reports and suspicious transaction reports in line with the internal procedures; CTR and STR reporting as per FIC regulations
• Prepare Anti-Money Laundering reports for management on all internal training that has been completed 
• Produce detailed reports on PEP and Sanction screening during onboarding of legal entities. Report these positive hits to FIC via the company Anti-Money Laundering Officer
• Produce monthly assurance reports on the Anti-Money Laundering remediation dashboard report
• Produce daily, weekly and monthly report on due diligence performed on new recruited merchants, agents, partners and integrators
• Produce monthly /quarterly reports on improvements identified in transaction monitoring or new alerts that will improve on Anti-Money Laundering monitoring
• Report on an ad-hoc basis on specific management requirements as and when necessary
• Produce daily, weekly, monthly, annually and ad-hoc reports and dashboards on risk management tasks

QUALIFICATIONS

Education Standards:

• Minimum of three years’ degree/ diploma in Information technology/ systems, Computer Science Information Technology, Information Management, Business Management, Bachelor of Laws or related field 
• Minimum of one-year risk management qualification would be an advantage
• Fluent in English

Experience Standards: 

• Minimum of three years’ experience in Technology and/or Risk Management fields or Fraud Management 
• Minimum of one-year experience in the Mobile Financial Services sector/ industry and/or Banking 
• Minimum of one-year experience in Financial Services or Telecoms companies especially in alternative channels e.g. fraud, digital/mobile banking, mobile money
• Experience working in a medium-sized organisation