Group Head of FinCrime & Compliance at Mama Money

As our Head of FinCrime & Compliance, you will be responsible for:

Management of Regulatory Affairs:

• Be responsible for the management of our regulatory affairs, including regulatory compliance. 
• Take over the maintenance and potential expansion of our multiple licences in multiple jurisdictions globally.
• Monitor and interpret new and existing laws, regulations, and industry standards affecting the organisation.
• Ensure the companies' activities comply with applicable laws, regulations, and internal policies, particularly regarding relevant financial and regulatory frameworks.
• Liaise with regulatory bodies and manage regulatory inspections, audits, and inquiries.

AML Management:

• Develop and enhance Mama Money's compliance framework and rules using a risk-based, strategic approach.
• Oversee AML team activities, including investigations, regulatory reporting, and customer/payment screening.
• Manage agent and partner due diligence processes.
• Assess risks associated with clients, financial instruments, and services, updating systems and procedures as needed.
• Align the AML program with regulatory changes and business strategy, ensuring efficient, automated workflows.
• Implement improvements that consider customer experience, agent network, and overall business performance.
• Regularly review and update AML policies and procedures.
• Support expansion into new products and territories by engaging with regulators and integrating regulatory considerations into strategic decisions.
• Advise on corrective actions and inform senior management of policy gaps.

Financial Crime Prevention:

• Be passionate about protecting our customers and our company from fraudsters.
• Provide recommendations to minimise business fraud risks.
• Support negotiations and recovery efforts.
• Design and implement fraud prevention processes.
• Manage daily operations of the fraud investigations team.
• Conduct fraud risk assessments for new products/services.
• Investigate fraud cases and draft related policies/procedures.
• Analyse data and prepare intelligence reports for management.
• Develop and deliver anti-fraud training materials.
• Address fraud risk management inquiries from business units.

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, products, corridors, transaction patterns, existing rules and framework, and regulatory obligations.
• Do your first risk assessment of our business from a compliance perspective, identify gaps and propose mitigation strategies.
• Get to know the compliance team, the senior management team, and the overall people in our organisation.

About you:

• Degree or above in law, data, compliance, criminology or related field. 
• Five years of relevant experience in banking, financial or crypto sectors.
• Familiar with case investigation, fraud risk controls, regulatory requirements and market practices.
• Good data analytical, interpersonal and communication skills.
• Self-motivated and able to work under pressure.
• You have implemented and actively managed rules for multiple fraud prevention, customer and transaction screening, and monitoring systems. 
• You are the compliance champion within the business and the business champion within the compliance sphere. 
• You have worked for a fast-growing remittance, payments or crypto FinTech.