About Us

Safaricom Telecommunications Ethiopia Plc is a company supporting Ethiopia’s digital transformation. As a member of the Vodacom family, we have a wealth of experience connecting over 334 million people globally and over 180 million people in Africa across our network. We look forward to partnering with Ethiopians as we build a new network in Ethiopia.

We are setting the groundwork in readiness for the launch of our services next year and are looking to work with purpose-led teams that put the community at the heart of service.

Safaricom Ethiopia is offering a wide range of careers, whether you’re looking to join our technology, commercial or corporate teams. If you would like a challenge and the promise of a digital future for the people of Ethiopia, we are looking for you. 

We are pleased to announce the following vacancy for Principal Officer - AML Monitoring and Reporting within the Risk Management Function in Ethiopia. In keeping with our current business needs, we are looking for a person who meets the criteria indicated below.

Detailed Description

Reporting to the EHOD – Compliance and Risk the position holder will support the EHOD – Compliance and Risk and provide leadership in the organization’s anti money laundering (AML) and counter terrorist financing (CTF) monitoring and prevention processes. Ensuring that any other qualifying service offered by the organization is/are compliant with provisions of all applicable legislation and global standards. Ensuring the implementation of controls to prevent any Safaricom services being used by criminals to launder money, fund terrorism or commit other crime. Where controls fail, investigating and reporting incidents and/or suspicions of money laundering to the Financial Reporting Centre and to Senior Management.

Job Responsibilities 

• Develop and maintain an effective monitoring and analytical function in regard to Safaricom products and services
• To implement a comprehensive review process of sample transactions or activities in the relevant Safaricom Systems to identify suspicious transactions and activity systems
• Create and supervise the creation of management and regulatory reports highlighting suspicious transactions and activity identified from the review of sample transactions
• Incorporate the use of criminal intelligence analysis techniques to identify organized and serious criminal activity.
• Reporting incidents under anti-money laundering legislation to the appropriate authorities.
• Identifying and redressing vulnerabilities in our systems and processes.
• Carry out Risk assessment of money laundering and TF related threats against the Company
• Drive the Development of procedures and systems to reduce loss
• Recommendations in relation to future preventative measures.
• Research and provide input on design approach, performance, and base functionality improvements for various software applications.

Presenting findings of analysis in appropriate form which can include:

• Appraising managers, investigators, and intelligence officers by means of reports, evidence summaries or briefings.
• Presentation to law enforcement and other relevant agencies by means of intelligence packages.
• Drive Strategic research as required in relation to high value/threat of AML fraud, risk, and security issues.
• Carry out reviews on monthly basis accuracy and integrity of Customer Identification Data in Safaricom systems
• Manage sanction and PEP screening outputs to identify PEP/TF activity
• Maintain an effective AML training program across the operation functions that deals with services and products that are in scope of applicable legislation and Safaricom services
• Carry out Proactive risk assessments with clear advice to business on KYC requirements, AML risks and mitigating controls
• Follow-up of implementation of recommendations made by the annual Vodafone AML audit team or any other regulatory audit
• Drive AML Project Implementation to completion/Feed into key projects with AML Dependencies
• Maintain a detailed knowledge of current AML regulations, legislation requirements, as well as future developments within the AML scope
• Maintain strong working relationships with internal stakeholders e.g. Legal, Fraud, Call Centre and relevant departments to ensure that compliance issues are regularly discussed with relevant stakeholders.

Job Requirements

Qualifications 

• Bachelor’s Degree in Law or a Business-related field
• AML Qualification-Diploma level
• Compliance Analyst and Risk Assessment Certification (added advantage
• At least 5 years proven experience of which 4 years should be in AML and/or compliance in a financial institution or similar organizations.

How to Apply

If you feel that you are up to the challenge and possess the necessary qualification and experience, kindly proceed to update your candidate profile on CLICK HERE