Other · Full-time
Direct employerAirtel Money_Head Risk & Compliance
Published by employer
About this role
Role overview
Responsible for developing risk and compliance framework and effective implementation and managing the functional compliance processes and procedures.
Why Airtel Africa?
At Airtel Africa, we act with passion, energy, and a can-do attitude. Innovation with an entrepreneurial spirit drive us. If you like “ordinary”, then we are not for you.
We champion diversity. We anticipate, adapt, and deliver solutions that enrich the lives of communities we serve. we roll up our sleeves to win with our customers.
By choosing Airtel, you choose to be part of a winning team. All this in addition to a brilliant opportunity to build a career in your field of expertise, across our different operating companies in Africa.
Airtel Africa is proud to be an equal opportunity employer and remain fully committed to diversity and inclusion in the workplace.
Risk matrix
Develop Airtel Money Risk Management and Compliance Framework and coordinate its implementation across the function, encompassing cross-functional dependencies
Develop and implement effective internal control processes, procedures and systems to minimize operational risk
Design Gap analysis for all RAFM processes and controls
Support license acquisition, license compliance and license renewal for all types of licenses needed in the operation
To support the Regulatory, business development and Finance teams and provide expertise and leadership in acquiring appropriate new licences when the business needs them
To cascade standards and guidelines to be used in the organization for acceptable MCommerce licence terms, conditions and obligation
To manage all MCommerce operating licences and ensure that:
All obligations are met during the life of the licence. These obligations include, roll out, universal service and reporting obligations
Penalties are not levied against the business due to non-compliance with obligations made in the licences
Our performance in each MCommerce licence positions us well when our licences come up for renewal
Control environment
Championing the effective use of risk management systems which detail all documented end to end business risks
Implement RAFM Compliance Monitoring System
Review and address systems generated and manual AML alerts
Assist in managing, driving and supporting the initiative of AML systems
Audit Interface
Conduct periodic reviews or audits to ensure that compliance procedures are followed
Closure of Statutory and Internal Audit issues by implementation of agreed audit recommendations
Read full role
AML
Analyze and identify possible money laundering activity reported by Opco & Banks
Ensure Airtel Money Tanzania is compliant with all Bank of Tanzania (BoT), Financial Intelligence Unit (FIU), and other local regulatory requirements
Develop, implement, and maintain policies for AML/CFT, KYC, data protection, consumer protection, and fraud prevention
Act as the primary liaison with regulators, ensuring transparent engagement, timely submissions, and smooth audits/examinations
Implement robust transaction monitoring, suspicious activity reporting (SAR/STR), and escalation procedures
Provide training and awareness programs across the business on compliance, AML, CPF, CFT, fraud awareness, and data protection.
AML Training
Assist and train other departments' personnel on AML & Compliance issues
Respond to Opco’s AML & Compliance inquiries.
Regulatory Engagement
Responsible ensuring timely regulatory reporting and enforce a culture of timely and accurate reporting
Provide timely and accurate reports to the Group Risk & Compliance, Audit & Risk Committee
Coordinate all regulatory engagements: inspections, workshops and other initiatives
Attend training sessions as required to keep current with regulation changes and bank policies
New products
Ensuring strict application of Group Finance directives on the management of Revenue Generating Events within the OpCo.
Governance & Policies Compliance
Lead the Risk & Compliance Committee within Airtel Money Tanzania
Ensure effective embedding of group compliance policies into Airtel Money operations & adapting for local regulatory requirements
Oversee internal policy reviews, regulatory licencing updates, and measuring compliance gap analysis.
Reporting – Fraud Management system
Investigate suspicious transactions and file Suspicious Activity Reports as required
Provide all reports and information in a timely and accurate manner
Educational Level
A Bachelor's degree or equivalent preferably with a major in Finance, Economics, Accounting, IT and/or other related field.
A Master’s degree preferably an MBA
A Professional qualification: ACA / ACCA / CPA & CISA (Required) CFE (Desirable) Working Experience:
Must have
Minimum 8 years of experience of which at least 5 must have been in internal audit (experience of financial institutions audit would be an added advantage)
Must have Financial Institution experience
