Summary

As a Compliance Manager & MLRO at Flex Money Transfer, you will play a critical role in ensuring that our operations are in full compliance with regulatory guidelines and industry standards. You will serve as the primary point of contact with regulators and work collaboratively with internal teams to establish and maintain a strong culture of compliance. Your deep understanding of the financial service industry and regulatory landscape in Kenya will be instrumental in your success.

Key Responsibilities:

• Regulatory Compliance: Stay updated with the latest regulatory guidelines and industry standards pertaining to Forex and Cross-border payments.
• Implementation of AML compliance policies of the Company Maintain a database of all circulars, guidelines & other related documents issued by various regulatory bodies for future reference
• MLRO: Act as the Money Laundering Reporting Officer (MLRO) and serve as the main point of contact to regulators. Ensure timely reporting of suspicious activities and transactions in compliance with Anti-Money Laundering (AML) regulations.
• Ensure timely completion of reports filing with various regulatory bodies
• Ensure all the regulatory reports/returns and records maintained by the Company are in order
• Audits and Assessments: Conduct thorough audits across various business verticals to ensure compliance with regulatory requirements and identify potential compliance gaps.
• Internal Collaboration: Work closely with internal teams to identify and address any compliance gaps or issues, providing guidance and support to stakeholders on regulatory matters.
• Policy Development: Collaborate with cross-functional teams to develop and implement effective compliance policies and procedures, ensuring alignment with regulatory requirements.
• Regulatory Relationships: Establish and maintain strong relationships with technology and telecoms regulators, acting as the main point of contact for direct communication.
• Reporting and Documentation: Coordinate regulatory reporting and documentation, ensuring timely submission and accuracy in compliance with regulatory requirements.
• Training and Awareness: Conduct internal training sessions to raise awareness of regulatory compliance and promote a culture of adherence within the organization.
• Monitoring and Adaptation: Monitor changes in the regulatory landscape and assess their potential impact on the company’s operations. Adapt compliance practices as necessary.
• Industry Trends: Stay informed about emerging technologies and industry trends to anticipate and address potential compliance challenges proactively.

Qualifications:

• Kenyan National / Permanent Residents / allowed to work legally in Kenya.
• Prior experience in the regulated financial institutions.
• Bachelor’s degree
• At least 7 years of experience in the financial services industry with a focus on compliance and regulatory affairs.
• Strong knowledge of Kenyan financial regulations, especially in PSP’s, Forex and Cross-border payments.
• Professional certifications in compliance will be a plus.
• Excellent communication, interpersonal, and leadership skills.
• Strong analytical and problem-solving abilities.
• Detail-oriented with a high level of accuracy.
• Ability to work effectively in a cross-functional team.