MISSION/CORE PURPOSE

Ensure that the risks associated with AML, CFT and Sanctions are effectively considered in the Lonestar Cell MTN Mobile Money Risk Management Framework and/or the risk taxonomy – as adopted and in alignment with MTN Group. Coordinate the effective implementation of the Risk Management Framework within Lonestar Cell MTN Mobile Money, including the identification of risks related to AML, CFT and Sanctions.

Provide MFS daily, weekly and monthly analytic, predictive and suggestive performance reports for internal performance meeting, EXCO & Group reports as per Guidelines and Template.

CORE RESPONSIBILITIES
Key Performance Area:

• Managing and coordinating the company’s AML Compliance program and ensuring that various pillars of the program are adequately and effectively implemented by the respective business units.
• Document and maintain up to date AML Policy and Procedures for Lonestar Cell MTN Mobile Financial Services Subsidiary
• Review and file Suspicious Transactions Reports and Currency Transactions Reports with the appropriate regulatory agencies.
• Monitor and ensure the timely review and closure of all alerts on the AML systems.
• Monitor and ensure the appropriate functioning of the AML/CFT Watchlists screening engine, ensuring that Watchlists are up to date and the timely review and closure of customer names matched to Watchlists.
• Coordinate and execute the AML, CFT and Sanctions risk management awareness and training covering the Board, Senior Management, Employees, agents and other stakeholders.
• Facilitate AML Products risk assessments covering the entire Lonestar Cell MTN Mobile Money products portfolio and new products and developing appropriate risk management strategies to protect the company’s products from being abused by money launderers.
• Ensure the operationalization of the company’s Risk Based Approach to AML/CFT including the review of High-Risk customers ensuring senior management approval.
• Disseminate applicable written compliance policies and procedures, including policies and procedures in respect of AML, CFT and Sanctions risk management, related to compliance activities.
• Prepare periodic reports in relation to the company’s AML/CFT program including a monthly AML/CFT Dashboard and Current AML/CFT Risk issues for the consideration of the Governance, Risk & Compliance Committee.
• Handle issues relating to internal and external audit reviews of the AML/CFT Program
• Drive and coordinate process reviews and transformation programmes to enhance operational efficiency and to ensure compliance.
• Apply current sanctions guidelines and be a specialist in multi-jurisdictional financial crime compliance. This will involve the verification of sanctions against previous business activities and the investigation of hits.
• Evaluate and advise on reputational and sanctions risk arising from customers and transactions.
• Perform segmentations for MFS & GSM Convergent campaigns (GSM subs), MFS users, Agents, airtime resellers, all MFS business partners.
• Perform data mining & provide relevant MFS data & statistical analysis and insight to facilitate business decision making.
• Support marketing value propositions & campaigns tariffs designing with Business cases.
• Perform competitive analysis and provide daily, weekly & monthly reports.
• Support MFS markets survey process & activities by providing relevant inputs.
• Analyse and suggest new business models to support MFS overall performance.
• Perform other duties assigned by management.

Leadership Behaviors:

• Collaboration
• Build high performing teams.
• Strategic thinker
• Effective communicator
• Agility
• Conflict resolution
• Innovation

QUALIFICATION AND EXPERIENCE
Education

• Bachelors degree in business law, Risk Management, Statistics or Finance or related field
• Master’s degree in business, Risk Management or Finance (preferred)
• Certificate in Advanced SQL writing skills
• Certified Anti-Money Laundering Specialist (“CAMS”), Certified Fraud Examiner or Certified Regulatory Compliance Officer (“CRMC”) is advantageous.
• Certificate in Advanced Excel data manipulation and analysis skills

Experience

• Minimum five (5) years Financial Services experience (the majority in an AML capacity) either in an external consulting capacity and/or within an internal team at a large financial institution
• 4+ years of experience at a Middle Management/Managerial level
• Strong experience in customer life cycle management
• proven ability to deliver strong business results within a cross functional organization.
• E-Payment platforms knowledge and management
• Project Management
• Strategic Business Management
• Any relevant Mobile Financial Service training is preferred.

CORE COMPETENCIES
Important competencies required for the position:
Must be a Role Model of ethical practices by living the MTN Values of: Leadership; Innovation; Relationship; Integrity; Can Do & adopt the MTN Vital Behaviors of: Complete Candor; Complete Accountability; Active Collaboration; Get-It-Done; for others to follow.

Knowledge:

• Knowledge of risk and regulatory requirements of the Mobile Financial Services industry
• Ability to write comprehensive reports and communicate effectively with all levels of Senior Management, Government, Banking Officials, Academia and the General Public
• Ability to establish policies and priorities to manage and evaluate projects.
• Good understanding of accounting/financial standards and principles and ability to resolve basic financial and accounting problems.
• Knowledge of Microsoft Office (MS Excel, MS PowerPoint and other relevant software for the purpose of analyzing data and producing reports to Senior Management)
• Ability to develop comprehensive and detailed business case to drive the business and motivate proper budget allocation.
• Comprehensive knowledge of Central Bank rules and regulations
• Comprehensive knowledge of payment ecosystem
• Good understanding of the Liberian legal system

Creativities (improvement /innovation inherent)

• Strong Stakeholder and vendor management skills
• Strong understanding of the technology trends and best practices
• Strong team management – combination of functional and people management skills
• Understanding of the telecommunication industry

Behavioral Qualities:

• Conceptual Thinker & Problem Solver
• Improvement Driver & Culture and Change Champion
• Supportive People Manager & Relationship Manager
• Results Achiever & Operationally Astute
• Operational Value Creator
• Results Achiever and Operationally Astute
• Passion for e/m-commerce and mobile business
• Culture and Change Champion
• Analytical Thinker and Problem Solver