Airtel Money Head of Risk & Compliance

Job Opportunity: Head of Risk & Compliance – Airtel Money Tanzania

About Airtel Africa

Key Responsibilities

1. Risk Matrix & Control Framework

• Develop the Airtel Money Risk Management and Compliance Framework and coordinate its implementation across the function, including cross-functional dependencies.
• Develop and implement effective internal control processes, procedures, and systems to minimize operational risk.
• Perform gap analysis for all Risk Assurance and Fraud Management (RAFM) processes and controls.

2. License Acquisition & Compliance

• Support Regulatory, Business Development, and Finance teams with leadership and expertise in acquiring appropriate new licenses when required.
• Cascade standards and guidelines across the organization for acceptable M-Commerce license terms, conditions, and obligations.
• Manage all M-Commerce operating licenses to ensure:
  • All obligations (rollout, universal service, reporting) are fulfilled throughout the license lifecycle.
  • No financial penalties are levied due to non-compliance.
  • Performance positions the business favorably when licenses are up for renewal.

3. Control Environment & Systems

• Champion the effective use of risk management systems detailing end-to-end business risks.
• Implement the RAFM Compliance Monitoring System.
• Review and address system-generated and manual Anti-Money Laundering (AML) alerts.
• Assist in managing, driving, and supporting AML system initiatives.

4. Audit Interface & Issue Closure

• Conduct periodic reviews and audits to ensure compliance procedures are followed.
• Ensure closure of statutory and internal audit issues by implementing agreed audit recommendations.

5. Anti-Money Laundering (AML) & Regulatory Compliance

• Analyze and identify possible money laundering activities reported by the operating company and partner banks.
• Ensure full compliance with 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 examinations.
• Implement robust transaction monitoring, suspicious activity reporting (SAR/STR), and escalation procedures.

6. AML Training & Knowledge Sharing

• Provide training and awareness programs across the business on compliance, AML, Countering Financing of Terrorism (CFT), fraud awareness, and data protection.
• Respond to internal AML and compliance inquiries.

7. Regulatory Engagement & Reporting

• Enforce a culture of timely and accurate regulatory reporting.
• Provide comprehensive reports to the Group Risk & Compliance team and the Audit & Risk Committee.
• Coordinate regulatory engagements, inspections, workshops, and related initiatives.

8. New Products & Governance

• Ensure strict adherence to Group Finance directives regarding Revenue Generating Events.
• Lead the Risk & Compliance Committee within Airtel Money Tanzania.
• Ensure effective embedding of group compliance policies into operations and adapt them to local regulatory requirements.
• Oversee internal policy reviews, licensing updates, and compliance gap measurements.

9. Fraud Management System & Reporting

• Investigate suspicious transactions and file Suspicious Activity Reports (SARs) as required.
• Deliver accurate and timely compliance and fraud management reports.

Candidate Requirements & Qualifications

Educational Qualifications

• Bachelor’s Degree: Degree in Finance, Economics, Accounting, IT, or a related field.
• Master’s Degree: Master’s degree (preferably an MBA) is preferred.
• Professional Certifications: ACA / ACCA / CPA and CISA are Required. CFE qualification is desirable.

Working Experience

• Total Experience: Minimum of 8 years of overall experience.
• Specialized Experience: At least 5 years in internal audit within a Financial Institution.

How to Apply