10 hours ago
Job title : Group Head of FinCrime & Compliance
Job Location : Western Cape, Cape Town
Deadline : November 24, 2024
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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.
How to Apply for this Offer
Interested and Qualified candidates should Click here to Apply Now
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