To ensure compliance matters around all regulatory and legal requirements for the Flexi products and services; and ensuring FlexiPay processes reflect this.
- Support with preparing regulatory reporting as per stipulated frequencies.
- FlexiPay Wallet team interacts with many stakeholders within the Bank including: Engineering, Risk, Projects Management, Internal Audit, Compliance, Legal, Finance and externally with 3rd parties. The role holder will need to develop these relationships to establish an efficient and robust operating model.
- Ensure regulatory reporting as per the specified frequencies, by preparing regulatory reports and risk reports for the unit.
- Participate in guiding and training on; Assurance reviews / Audits, KRIs, Incident logging, Risk Control Self Assessments- RCSAs, Communication & timely compliance and regulatory reporting.
- Enforce the unit’s mandate, procedures, and regulatory requirements.
- Participate in monitoring of compliance of partners’ SLAs with the unit
- Drafting lessons learnt for sharing with the Flexi team.
- Enforce the “First Line of Defence” for the compliance / regulatory controls applied to the Unit’s operations.
- Transaction monitoring on the platform and report / escalate exceptions.
Qualifications
- A University Degree in statistics, finance, accounting, legal or a related field
- A minimum of 3 years’ experience in Banking and Risk management (Compliance, Legal and Regulatory).
- Sound and thorough knowledge of the Bank’s risk management policies and procedures.
- Working knowledge of Compliance, Legal and Regulatory Risks
- Broad knowledge of the applicable Acts, laws, Regulations for National Payments System (NPS), FIA, Consumer protection guidelines, UCC laws, any such regulations that may impact Flexipay services and Bank manuals.
- Knowledge and understanding of the regulatory environment governing financial services.
- Work experience in a risk control environment, Legal, Compliance or audit is much desired.
Additional Information
Behavioural Competencies:
- Checking Things
- Developing Expertise
- Documenting Facts
- Establishing Rapport
- Examining Information
- Following Procedures
Technical Competencies
- Compliance
- Data Management (Administration)
- Diary Management
- Information Security Management
- Risk Awareness
- Written Communication
