Senior Manager, Compliance and MLRO at Transsnet Group

Transsnet Group is a joint venture between NetEase Group (a world-leading Internet listed company in China) and Transsion Holdings Group (a global Intelligent Terminal Products, and mobile value-added service provider).It focuses on all kinds of Internet fields and takes Internet finance, Internet music, short video, application market and online gaming as its main business. Its internet work products contain: Boomplay-Africa's largest online music platform, Vskit-Africa's second largest short video platform, Palmstore-The second mobile apps distribution platform in Africa, Palmcredit, Palmsave, Palmpay and other outstanding Internet products that have already emerged in Africa.We are recruiting to fill the position of:Job Title: Senior Manager, Compliance and MLROLocation: LagosJob DescriptionWe are recruiting for the position of a  Senior Manager, Compliance and MLRO for our Palmplay App. The individual will be responsible for leading the development, implementation, and management of the compliance programs for internal controls and external laws and regulations.This role will also be responsible for ensuring that Mobile Money and any other qualifying service offered are compliant with provisions of CBN Guidelines, Anti Money Laundering (AML), Privacy and other related legislation.Other Job functions will include;Meeting statutory reporting requirements in the capacity of local MLROBuilding and maintaining a compliance universe for both regulatory obligations and policies and processes, that will be used as the base for development, enhancement, monitoring and oversight over compliance requirements in this spaceHolding relevant business units accountable for the implementation of effective strategies to ensure compliance to all relevant laws and regulations and policies and processesStaying abreast of all relevant compliance and regulatory requirements, assess the impact of these and assess whether the business is adequately informed to prepare for changesWorking with the TRANSSNET Regulatory functions and provide input into Regulatory policies/regulations, legislative framework and future impact of new Regulatory policies and legislation – with a specific focus on the impact of such regulations or policies on TRANSSNET’s businessMonitoring the effective cascading of the Compliance strategy into the Compliance Monitoring business plans to ensure vertical alignment and horizontal integration with other interfacing strategiesManaging the preparation and recommend the departmental budget and monitor financial performance versus the budget while ensuring all departmental activities are conducted in line with the approved guidelinesEvaluating the effectiveness of existing policies and procedures, and work with business units to initiate enhancements as identifiedDriving continuous improvement on standardization of processes across TRANSSNET along with business units leading to an improved internal control environment.  Leading the review and discussion on proposed policy changes recommended by Exco.Liaising with Mobile Money Leadership in the development and implementation of PPP’s to guide effective operational compliance, ensure adherence to EMI guidance to mitigate and prevent fraud risk exposures.Developing and implementing initiatives and programs for periodic assessment of the effectiveness of AML/CTF & STR compliance with regards to mobile financial services licensing requirements.Development and implementation of initiatives for decisive responses to MFS non-compliance matters which includes Mobile Money merchant and subscribers’ awareness, mystery shopping and spot checks to ensure compliance within the Mobile Money value chain.Developing and implementing initiatives and programs for predictive data analytics of mobile money transactions and Call Data Records to proactively identify non-compliance issues and ensure prompt resolution.

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