Senior Regional Compliance Manager

Job Summary

The Sr Mgr Regional Compliance works directly with the most complex and larger volume business partners of MoneyGram within assigned geographies and supports the VP Compliance, with the design, implementation, and execution of the Compliance Program for the designated Region.

The incumbent is a senior primary compliance resource with responsibilities of:

measuring Agents’ Compliance and Anti-Fraud programs (on-site);driving training and awareness initiatives, (including the development and deployment of communications and training material) providing guidance and support to Agents; and, reporting to management.

The Sr Mgr Regional Compliance will be responsible within their geographies, for driving Agents to implement or enhance compliance and anti-fraud policies and procedures and assist in the development of Compliance and Anti-Fraud programs as required.

The incumbent will partner and liaise with regional business unit representatives to ensure that Agent policies and controls are practical, effective and reflective of MoneyGram’s global policy standards and expectations in addition to the specific regulatory requirements in the jurisdiction where the Agent operates.

Within their geographies, the incumbent is expected to:

propose and drive corrective action measures to mitigate risks identified throughout the execution of their daily tasks and as part of their agent oversight responsibilities

liaise with in-country regulators (Central Banks and Financial Intelligence Units), financial institutions, and law enforcement bodies as applicable

provide leadership, direction, guidance and day to day management of Regional Compliance Managers and Officers under their direct supervision and management to ensure consistency in the application of the Compliance Program.

Description

Primary Responsibilities

Within their geographies:

executes on established MoneyGram Compliance, AML and Anti-Fraud programs

executes risk based compliance principles and on all prescribed MoneyGram policy standards

executes on all MoneyGram’s monitoring and oversight expectations implements (with Operations and the business support) Moneygram’s policies and procedures designed to mitigate compliance and risk exposures and enhance the compliance and control environment

ensures that the Compliance Program is maintained and relevant

provides regional content and context for new policies and procedures during development and prior to rollout

ensures training materials are in-line with company policy expectations

ensures that Agent and staff training is executed and recorded

consults with internal and external experts to identify risks, best practices and regulatory expectations

analyzes internal and external information, news and data to gain intelligence on, communicate and advise in relation to all emerging compliance and business risks

communicates policy and compliance goals to manage key areas of risk and ensures application across the enterprise facilitates policy, risk and control

discussions with stakeholders ensures company policy objectives are met

provides guidance and support to the Regional business through participation in new product/service or channel projects

provides support for Agent due diligence activities provides guidance, policy interpretation and support to Agents within the region

actively participates in management discussions on risk

participates in governance and risk committee meetings as appropriate

provides daily direction, clarity and guidance to staff regarding Compliance activities, issues, laws and regulations as well as acting as senior advisory escalation point

ensures staff are well trained and knowledgeable on AML/CTF Compliance, Fraud Prevention and detection and relevant international standards

monitors the performance of staff, conducts ongoing conversations regarding performance and execution of tasks and responsibilities and takes c