Financial Crime Manager at Mama Money

As our Financial Crime Manageryou will be responsible for:

AML Program Management:

• Oversee AML team activities, including investigations, regulatory reporting, and customer/payment screening.
• Develop and maintain agent and partner due diligence processes.
• Evaluate risks associated with clients, financial instruments, and services, updating systems and procedures accordingly.
• Align the AML program with regulatory changes and business strategy.
• Review and update AML policies and procedures as needed.
• Provide guidance on corrective measures and inform senior management of policy application shortcomings.

Corridor Analysis and Training:

• Assist in corridor analysis and develop/review corridor-specific AML Red Flags.
• Facilitate an annual employee training program on Money Laundering and Terrorist Financing prevention.
• Identify departments and employees requiring further training and education.

Fraud Management:

• Collaborate with legal and law enforcement to plan and execute fraud case resolutions.
• Conduct suspect interviews, analyze documents and financial data, and direct fraud unit operations.
• Provide professional recommendations to limit fraud risks for business establishments.
• Support negotiations and recovery processes.
• Design and implement effective fraud prevention processes.
• Manage day-to-day activities of the fraud investigations team

Fraud Prevention and Technical Expertise:

• Establish and enforce rule configurations based on fraudulent activities.
• Oversee various lines of defence against fraud and lead fraud investigations.
• Analyse data and trends for proactive fraud prevention.
• Develop a strategic approach to fraud mitigation, transitioning from reactive to proactive measures.
• Collaborate with technical experts to implement effective anti-fraud measures.

Technical Leadership:

• Utilise systems thinking and data analysis for informed decision-making.
• Own the implementation, management, and enhancement of compliance systems.
• Drive technical understanding and data analysis for AML and fraud prevention.
• Enhance technical capabilities within the Compliance department.
• In your first 90 days at Mama Money you will:
• Understand our business, our corridors, our transaction patterns, our existing rules and framework, and our regulatory obligations.
• Do your first risk assessment of our business from a compliance perspective, identify gaps and propose mitigation strategies.
• Propose AML system improvements and champion their implementation.
• Get to know the compliance team, the senior management team, and the overall people in our organisation.

About you:

• You have at least 8-10 years of Financial Crime & Compliance management role.
• You are familiar with industry practices and professional standards and have knowledge of legal requirements and controls (e.g. AML, KYC, Fraud).
• Strong technical understanding and experience in AML and fraud prevention.
• You have experience setting up, managing, and developing a team of AML / Customer Screening / Fraud investigators, specifically focusing on their ability to grow their skillset and liaise with the rest of the organisation.
• You have actively managed the set up and maintenance of transaction monitoring rules set, specifically with regard to rules that identify money laundering and fraud patterns
• Proficiency in data analysis and trend identification.
• You have experience in the successful implementation of robust compliance & Fraud frameworks and processes - both in AML/KYC and Consumer Fraud.
• You have experience managing and improving the usage of customer screening and automated transaction monitoring tools.
• You have designed and implemented risk management programmes
• You have the ability to provide input in product development with regards to Fraud enhancements and customer protection.
• You have experience dealing with payment partners and third-party agents especially in terms of DD, EDD and risk management.
• Strategic thinking and the ability to design and implement effective anti-fraud measures.
• Excellent communication and leadership skills.
• Proven experience in managing compliance, AML, and fraud prevention teams
• Compliance with regulatory requirements.
• Effectiveness of AML and fraud prevention measures.
• Timely identification and mitigation of fraudulent activities.
• Proactive approaches to risk management.
• Successful expansion into new corridors with minimised risks.