Risk and Compliance Specialist – Mobile Financial Services (MFS) | Papua New Guinea
A leading Mobile Financial Services firm requires the skill of a dynamic individual to join them and thrive within this Risk and Compliance Specialist role (non traded market risk).
You will utilise your risk / compliance background to be responsible for supporting the day-to-day compliance efforts related to Know Your Customer / Anti Money Laundering (“KYC / AML”) and Fraud Prevention. Additionally, you will be responsible for helping with the continuous development of all Mobile Money AML & Compliance activities including but not limited to developing processes, policies, performing UATs, monitoring and managing an effective Risk and AML/CFT Compliance program and making sure Mobile Money business is compliant with Central bank policies and regulations.
You will meet the following minimum requirements
- Completed Degree in Accounting / Finance / Risk Management / Criminal Sciences / Law (non negotiable)
- Certified Compliance Officer (CCO certification) or equivalent would be an advantage
- At least 4 - 6 years AML risk and / or compliance experience
- Previous experience in Mobile Financial Services or Banking
- Membership of Association of Certified Anti-Money Laundering Specialists or equivalent is a strong advantage;
- Solid understanding of remittances, payment flows, alternate payments, and international money transfers;
- Experience with transaction monitoring systems.
Key responsibilities will include:
- Ensuring that the company is aligned with different scheme and mobile financial services rules and requirements while keeping abreast with regulatory reforms.
- Ensuring the proper management of the end-to-end suspicious transaction reporting (STR) process, including monitoring/reviewing for STR, filing STR, closing/archiving STR and reporting on STR
- Developing a methodology for identifying risks, making changes, and communicating clearly with project stakeholders regarding compliance requirements.
- Identifying and assisting in the implementation of mitigating measures to manage key risks inherent in mobile money operations
- Maintain a thorough understanding of AML typologies related to international remittance services as well as the different local Mobile Wallet operations such as P2P, Cash In/Out, Payment to Merchants (Including QR Codes)
Pertinent details:
ü Location: Successful incumbent will be based in Port Moresby, Papua New Guinea
ü Duration: Permanent
ü Relocation assistance package
To apply or for more elaborate details send us a detailed CV (in MS Word format) via email to (RkC_PNG)
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