Manager: AML/CTF Compliance SEA at MTN

Mission/ Core purpose of the Job

The Manager: AML/CTF compliance will be solely responsible for ensuring effective implementation of the AML/CTF program on an ongoing basis at Fincos within the region.

The incumbent shall ensure Fincos meet all regulatory requirements and recommendations for anti-money laundering compliance through assessments and reviews, and shall work in co-operation with Fincos during regulatory audits/reviews.

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

Key Deliverables

The Manager will be accountable to achieve the following objectives at the region to ensure teams:

• monitor, investigate and advice concerned parties by establishing clear accountabilities, roles and responsibilities to manage money laundering risk;
• establish a risk-based approach to Customer Due Diligence (CDD) at onboarding and ongoing monitoring of customer activities; establish internal procedures to ensure that suspicious activity is reported in accordance with requirements prescribed by local laws and regulations;
• establish a robust training program on the requirements of the policy and guideline; retain appropriate records of CDD, transactions, suspicious activity and AML training.
• Address regulatory and audit findings within agreed timelines

Operational Delivery

• Develop, implement and maintain bespoke compliance-related solutions for Fincos’ AML/CTF/Sanctions/Anti-fraud compliance program.
• Design, implement and add to the AML/CT framework and its implementation
• Assist the SM AML/CTF compliance in the management and execution of an efficient compliance monitoring program at regional level
• Design, evaluate, support and influence a culture of compliance within the region
• Advise and support regional Finco business and operational stakeholders with the development of appropriate controls
• Provide advice and guidance to all in the organisation on fraud and AML/CTF matters
• Responsible for ensuring an AML tool is up and running and meeting regulatory requirements, Group standards and industry best practices
• As often as required, assist FinCos on defining suspicious transaction alert requirements and rulesets, in line with existing and new regulatory requirements
• Support Fincos in managing the impact of potential changes driven by the regulators, industry, marketplace, and/or legal environment by devising strategies to addressing them
• Fully assist and cooperate in audit programs at their region to determine organisational vulnerabilities
• Ensure relevant training on latest AML trends and techniques in the Mobile Financial Services industry is provided to all Finco stakeholders.
• Support in preparing executive presentations for various leadership forums and committees (Functional reviews, Exco, Remco, Board etc. )
• Support to prepare functional performance presentation & reports with regard to key Performance metrices and KPIs being tracked

Governance

• Operational, Tactical and Strategic Meetings
• Provide input in strategic meetings when required
• Provide inputs into the risk mitigation and controls
• Provide input into the preparation of proposal on change initiatives, policies and procedures

Escalations

• Escalate issues that will result in severe time, scope, productivity, and cost or resource impact
• Provide solutions to escalations that have multiple processes / functions impact on critical path of service delivery

Function Tactical

• Provide input into all projects initiated
• Provide input into establishing objectives, targets and budgets for the function as applicable
• Identify and document key risks, issues and dependencies and set mitigation actions
• Prepare documentation required for sign-off / making decisions regarding tactical changes

Performance

• Ensure execution in alignment with functional strategy
• Continuous performance monitoring and adjust strategy and actions to deliver targets

Reporting

• Report on a periodic basis relating to progress made in addressing various audit findings, and effectiveness measurement on AML/CTF program

Education:

• Recognized 4-year tertiary degree (preferably, in a law or business discipline)
• Master’s in business administration is advantageous
• Certifications in AML/CFT will be advantageous

Experience:

• Minimum of 7 years post-qualification experience with, at least, 4 years in Mobile Financial Services sector/ industry and/or Banking
• Minimum 3 years of proven experience as an AML/Fraud Analyst in the banking industry or within Mobile Financial Services preferably
• Experience developing and Implementing compliance programs
• Very good knowledge of AML/CTF laws and rules in a Mobile Financial Services/banking setting
• Exceptional investigative and analytical skills
• Experience of producing User Requirement Documentation (URS) or similar is a must to help drive future enhancements to the AML tool
• Willingness to work on various compliance issues
• Very good interpersonal, communication (written and verbal) skills

Other Specifications

• Strong organizational skills with the ability to work independently, as well as collaboratively within a team environment.
• Ability to interact effectively with all levels of management, legal counsel, law enforcement, regulators and internal auditors while maintaining strict confidentiality
• Strong decision-making, analytical and investigative abilities with attention to detail and accuracy
• Proficient in Microsoft Office Suite (Word, Excel, PowerPoint), and aptitude for learning other software applications (MTN platforms)
• Proven track record of technical and specialized know-how around Financial Services fraud and AML/CTF/Sanctions
• Excellent knowledge of CBN (Central Bank of Nigeria) AML/CFT Guidelines and associated Regulations
• Familiarity with the Nigerian Financial Intelligence Unit (NFIU) Suspicious transaction reporting regulations
• Abreast of global and regional mindset & best practices relating to Mobile Financial Services and AML/CTF as well as fraud in the Mobile Money space
• Strong understanding and/or experience working with transaction monitoring software would be a plus
• Emerging markets/ multi-cultural experience
• Ability to learn fast and master the trends in a relatively new Mobile Financial Services industry
• Willing and flexible to travel extensively throughout Nigeria to provide support and training. Be required to travel to and spend extended time in different states.
• Be able to work under pressure in a demanding and complex Mobile Financial Services environment
• Strong project management skills
• Able to manage multiple assignments and agile to adapt to new challenges
• Confident and assertive with a positive attitude

Skills

• Analytical thinking
• Business Acumen
• Financial & Numerical Acumen
• Conflict management
• Continuous improvement
• Data interpretation
• Decision