ABOUT DIGI:

Digi owns and operates an extensive telecommunications network throughout the country of Belize in wireline, wireless and data services. The company offers and uses a wide range of products and technologies that include fixed line telephone service, fixed wireless, national and international calling services, prepaid services, an advanced LTE mobile network, international voice, and data roaming, Fiber internet and data services.

ABOUT ROLE:

The Risk and Compliance Manager provides support to the General Manager and management team by implementing a risk management and anti-money laundering framework within Digi’s mobile money solution complying with best practices and regulatory requirements. The successful candidate will support management and staff to achieve regulatory compliance and maintain a high level of internal controls in all areas. This position reports to the General Manager.

QUALIFICATION & SKILL REQUIREMENTS:

• Bachelor’s degree in Finance, Business Administration, or related field.
• At least 5 years’ experience in compliance and/or operational risk management.
• Sound technical knowledge of Enterprise Risk Management methodologies, tools, and techniques.
• Experience interacting with external clients such as regulators, at a high level.
• A good understanding of the whole range of products offered by a telecommunication company including the mobile money solution.
• Exposure to general banking and particularly risk management support functions.
• Recognized certification/designation in AML/CFT.
• Detailed knowledge of the regulations and legislation governing money laundering and payment systems.
• Knowledge of the key business functions (e.g. operations, sales, marketing, finance, corporate governance) and an understanding of the key risks and controls in these areas.

MAIN RESPONSIBILITIES INCLUDE BUT NOT LIMITED TO:

Policy Development & Implementation

1. Develop risk management policies and procedures in accordance with the relevant international standards of risk management, applicable laws, regulations and standard practice for Board of Directors approval, and coordinate implementation of approved policies.
2. Develop AML/CFT policies and procedures in accordance with relevant laws and regulations for BOD approval. 
3. Lead management and staff in implementing approved AML/CFT policies and procedures throughout the organization, and ensure that high risk matters (e.g., onboarding accounts of politically exposed persons) are handled appropriately.

Risk Awareness & Reporting 

1. Evaluate new services and products of the mobile money solution to determine potential money laundering and compliance risks and provide advice for mitigation.
2. Prepare reports for Board of Directors, at least on an annual basis, on the effectiveness of the AML/CFT framework. 
3. Advise the management team and the Board of Directors of proposed or pending regulatory changes, and update policies and procedures accordingly.

Monitoring & Coordination 

1. Ensure that quality independent management control testing to assist with the management of operational risk is implemented, consistently executed, and monitored. This includes identifying root cause, conducting incremental testing, performing exception analysis, and trending
2. Ensure adherence to risk service standards on legislation relating to ‘know your client’, anti-money laundering and other control / compliance responsibilities / issues, e.g. management control testing, BCP, fraud management policies. Help in any training and competency schemes established within the mobile money solution ecosystem over time.
3. Coordinate, track, and manage rectification of deficiencies identified by internal audit, external audit, regulatory examinations, management control testing and the self-assessed process. This involves supporting retail resources in the development of deficiencies, following up with action plan owners, monitoring remediation activities along with the finalizing of all deficiency closure requests for SET approval.

PERSONAL ATTRIBUTES: 

1. Strong interpersonal skills, ability to communicate with customers and teams in an honest and direct manner across the organization.  
2. Maintain a high level of professionalism and confidentiality.
3. Strong creative skills, ability to confidently present ideas in a solution-oriented manner. 
4. Maintain a high level of integrity and dependability with a strong sense of urgency and results-orientation. 

ABOUT OUR OFFER:

Attractive compensation and benefits package commensurate with experience and qualifications.

If you are interested in joining our team, letter of application accompanied with detailed Curriculum Vitae and contact details of three (3) recent professional references should be submitted electronically no later than Friday, December 10^th, 2021 and addressed to:

General Manager, Human Resources

Belize Telemedia Limited

hr@livedigi.com