Executive: Group Risk and Compliance at MTN

Mission/ Core purpose of the Job

Establish and implement a comprehensive second line assurance function and framework for the MTN Group and its Board of Directors. The purpose being to effectively manage all risk exposures of an internal or external nature (strategic, operational, compliance, financial, market, political, economic etc) and ensure effective internal processes and policies and compliance to laws and regulations across the MTN Footprint.

Collaborate with the MTN leadership team to ensure that risks are identified and considered in the development of the strategic vision, and proactively manage to balance both the risk and rewards of the business. Facilitate the organisation’s definition of risk appetite and tolerance levels, coordinate risk assessments to identify all key operational and strategic risks, provide leadership and direction on risk governance, facilitate prioritisation of mitigating strategies with risk owners, manage the risk transfer program (insurance) of the Group, work with management to establish a common set of policies and procedures to strengthen to control environment and ensure that business is conducted in an ethical manner and communicate risk and compliance reports to management and the Board of Directors.

Key Performance Areas: Core, essential responsibilities / outputs of the position (KPA's)

Key Deliverables

The Executive Risk and Compliance will be accountable to achieve the following objectives:

• Build a risk-aware culture by providing ongoing education and appropriate briefing and training
• Investigate and research emerging risks and trends in the industry advising management where appropriate
• Establish and quantify the MTN’s ‘risk appetite’, i.e. the level of risk MTN is prepared to accept
• Establish a risk management framework for MTN 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
• Establish a compliance framework for MTN to effectively manage compliance to all applicable laws and regulations and a common set of policies and procedures
• Manage the risk to the MTN Group, its employees, customers, reputation, assets and interests of stakeholders
• Responsible for MTN Group Risk Management programs, policies and procedures which includes program development, and providing both oversight and direction for management of risks across the organization
• Develop a comprehensive risk management business plan and control system in line with the MTN strategic direction and corporate governance and ethics framework and Board of Directors
• Implement systems for monitoring the effectiveness of all the risk management services and compliance; and present findings to the MTN senior leadership
• Benchmark local and international risk and compliance management best practices and strategies and incorporate best in class practices within MTN
• Develop a comprehensive compliance universe (in line with all local laws and regulations), process universe and compliance management program to guide the implementation of compliance management in the Group and its OpCos
• Analyse all costs associated to risk non-compliance, maintenance and prevention
• Ensure achievement of the objectives of an effective Corporate Compliance framework to be established across the Group
• Ensure risk evaluation, which involves comparing estimated risks with criteria established by the organisation such as costs, legal requirements and environmental factors, and evaluating the organisation’s previous handling of risks
• Ensure risk and compliance reporting in an appropriate way to different audiences, for example, to the Board of directors so they understand the most significant risks, to Group Exco to ensure they are aware of risks relevant to their parts of the business and to individuals to understand their accountability for individual risks
• Ensure corporate governance involving external risk reporting to stakeholders
• Establish and manage a comprehensive risk transfer/insurance program for the MTN Group to ensure that all insurable risks are adequately insured with world class brokers and A-rated insurers including insurance classes such as Property Damage/Business Interruption, Political Risk and Political Violence, Directors and Officers and Liability
• Establish a business continuity framework that will protect the staff and assets of the Group and prepare it to respond to and recover from major disaster events
• Implement the necessary physical security measures across the footprint of the Group to protect the MTN staff and assets of the Group
• Implement an Ethics management program to ensure that the Group conducts business in an ethical and socially responsible manner
• Ensure that audits of policy and compliance to standards are conducted, including liaison with internal and external auditors these frameworks to be applied to Opcos
• Ensuring that support, education and training to staff to build risk awareness across the MTN Group is executed
• Review, recommend and enhance the Company’s Risk and Compliance Management’s roadmap, policy, framework, methodology and system
• Conduct Post Investment Reviews of major CAPEX to ascertain whether proposal cost benefits are being realised and report to Senior Management
• Establish and chair risk and compliance management governance fora and act as the accountable head for chairing and monitoring such forums.
• Develop strategies for ensuring future compliance and mitigation of risk i.e Material legislations, fines and reporting requirements for various regulators (also includes JSE)

Job Requirements (Education, Experience and Competencies)

Education:

• Degree in Business Administration (DBA/ Degree in Risk Management / bachelor’s in finance or other related disciplines)
• Minimum 4-year Academic Degree with, Post graduate MBA / Masters advantageous
• English, French and Arabic (as advantage)

Experience:

• Minimum 10 years of Senior Management Experience
• Minimum 5 years relevant field
• Minimum 10 years in telecommunications industry