Associate, PAPSS (Enterprise Security And Risk Assurance)

Our Client the African Export – Import Bank AFREXIMBANK is looking to recruit an Associate – PAPSS (Enterprise Security And Risk Assurance).

Pan-African Payment and Settlement System – PAPSS – enables the efficient flow of money securely across African borders, minimizing risk and contributing to financial integration across the regions.

Whether shopping, transferring money, paying salaries, dealing in stocks and shares or making high-value business transactions, PAPSS’ real-time infrastructure provides a reliable, cost-effective answer for instant payments.

PAPSS works in collaboration with Africa’s central banks to provide a payment and settlement service to which commercial banks, payment service providers and fintechs across the region can connect as ‘Participants’.

 

Job Summary

Associate, enterprise security and risk assurance will primarily ensure that PAPSS operates in a legal and ethical manner while meeting business objectives. He/she will process personal data (PII) of PAPSS’s internal and external stakeholders also referred to as data subjects including but not limited to (staff, customers, providers or any other individuals) in compliance with the applicable data protection rules.

Associate, compliance officer will specifically be responsible of operating PAPSS sanction screening, AML, fraud monitoring solutions, processes and frameworks.

Duties & Responsibilities

Sanction screening and AML responsibilities

  • Operate PAPSS sanction screening, AML and fraud monitoring solutions and processes to ensure PAPSS platform meets its legal and operational objectives
  • Support protecting PAPSS from legal, regulatory, and reputational risk regarding business involving sanctioned entities and / or countries
  • Monitor the regulatory situation in the region and assist in ensuring significant events impacting PAPSS are addressed as need be
  • Interface with participants on transaction-related requests and decide on these in full compliance with all applicable sanctions regulations as well as PAPSS policies and procedures
  • Identify and escalate issues which are not addressed by current policies or standards, draft and implement possible solutions. Maintain and manage internal/local watch lists, and coordinate with Regulatory Filtering Operations in the timely and accurate implementation of all watch lists. Assist in timely
  • Handle the Anti-Money Laundering and Counter-Terrorist Financing (AML/CTF) and other legal program in PAPSS.
  • Embed compliance culture to prevent money laundering and terrorist financing across PAPSS and its participants where applicable. Ensure that PAPSS infrastructure is not willfully facilitated proceeds of crime or funding of terrorism activities.
  • Educate and train employees on regulations and industry practices and address employee concerns or questions on legal compliance

 

Data protection and general technical compliance responsibilities

  • Identify and evaluate PAPSS data processing activities
  • Provide advice and instructions on how to conduct Data Protection Impact Assessments (DPIAs)
  • Participate in meetings with managers to ensure privacy by design at all levels
  • Maintain records of processing operations
  • Ensure all queries from data subjects are addressed within legal timeframes (e.g. delete their information from our databases)
  • Write and update detailed guidelines on data protection policies
  • Offer consultation on how to deal with privacy breaches
  • Arrange for training on GDPR compliance for employees
  • Monitoring an organisation’s data protection compliance and perform audits to determine levels of non-compliances and come up with action points
  • Monitor data management procedures and compliance within PAPSS
  • Collaborate with different PAPSS functions, internal and external auditors to ensure that PAPSS control environment conforms to adopted standards and best practices.

 

Qualifications, Skills, Knowledge, and Attitude

Education and Experience Requirements

  • Bachelor’s degree in Computer Science, Information Technology or related field and a Post Graduate Degree or its equivalent is a must.
  • Experience not less than 3 years with AML/CFT monitoring systems, related investigation process and KYC/AML metrics reporting
  • Experience not less than 3 years in Internal control and/or Risk Management in the Financial Sector
  • At least 3 years’ experience in information security and risk management

Hard skills

  • Aware of the legislation and instructions related to the AML and the Financial Action Task Force – FATF requirements
  • Any AML/CFT, Data privacy certification preferred
  • Familiar with GDPR framework
  • Familiar with ISO 27001, ISO 27701, COBIT5/2019 standards

Required Competencies

  • Personal drive and effectiveness;
  • Demonstrate the ability and sound knowledge of AML/CT and Sanctions requirements
  • Analytical thinking with strong risk awareness skills
  • Creditable, professional, and has strong personal integrity
  • Ability to constantly deliver quality and value;
  • Strong customer focus;
  • Effective communication skills;
  • Honest and trustworthy

 

Contract type – Permanent

Closing date for applications is 24th of July 2023

If you are interested to apply for this role, please reach out to Maysa Zaker at AIMS International Egypt directly at maysaz@aimsegypt.net

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