Role Purpose
The Regional Head of Risk & Compliance is responsible for Risk and Compliance framework for the Company, and is independent from the first line of defense, is accountable for the design, maintenance, and performance of effective ongoing second line of defense compliance controls and follow-up on findings within the anti-money laundering and counter terrorist financing (“AML/CTF”) area.
As the Country MLRO, responsible for ensuring that suspicious activities and transactions (“SARs/STRs”) are reported to the Company’s partner financial services providers and / or, where directly licensed, with the Ghanaian Financial Intelligence Center (FIC) as soon as reasonably practicable. The HRC/MLRO also maintains the overall responsibility role designated under applicable Ghanaian Laws and Regulations in addition to developing and implementing a robust risk management framework for the Company.
Compliance/MLRO Responsibilities
Monitor and regularly assess that the Company complies with applicable external legislation (including AML/CTF legislation) and other regulations and guidelines issued by competent authorities, as well as the Company’s Policies and Framework.
Control and regularly assess whether the AML/CTF Framework to prevent the Company being used for money laundering or terrorism financing (“ML/TF”) is appropriate and adequately implemented within the Company.
Provide advice and support to employees, contractors and other persons involved in activities in a similar capacity on regulatory requirements concerning regulatory matters, conduct, financial crime, data protection, enterprise risk and consumer protection.
Act as the Money Laundering Reporting Officer/Nominated Officer and ensure that the obligation of reporting SARs/STRs is fulfilled.
Periodically respond to Law Enforcement on enquiries and requests for information.
Ensure the provision of information to Regulators or Partners in relation to financial crime activity.
Oversee engagements between the Company and regulators on general compliance and AML/CTF matters.
Report to the Company Board at least quarterly on the operation and effectiveness of the Company’s AML/CTF systems and controls.
Risk Management Responsibilities
Ensure the implementation of the Company’s risk management framework by maintaining the country risk registers, conducting periodic risk assessments (some of which are listed herein below), among other risk management duties as may be assigned by line management.
Conduct the Annual AML risk assessment in line with the local regulatory requirements and participate in the Company-wide Risk Control Self Assessments (RCSA) as and when it is done for the global operations.
Carry out the product, market/business risk assessment for existing and new product offerings in the local markets at least before launch and on an annual basis for existing products.
Coordinate the carrying out of the required thematic risk assessments in the local jurisdictions including but not limited to Consumer Protection Risk Assessment, Data Protection Impact Assessments (DPIA), among others.
In conjunction with the Global Head of Governance, Risk and Compliance, review and update of the Company policies, procedures, Key Risk Indicators (KRIs) and Risk Appetite Statement.
Other Responsibilities
Prepare the Management Information (MI) dashboards presented to local Board of Directors and Management Committees.
Take reasonable steps to maintain adequate Company arrangements for training on regulatory requirements across all areas of compliance.
Provide recommendations to representatives of relevant functions within the Chipper Cash Group based on observations made in local jurisdictions.
Perform any other duties as may be assigned.
