Cashflow Financial Technologies S.C is a Payment System Operator established and operating under the National Payment System Proclamation 718/2011 (as amended by Proclamation No 1282/2023) and other relevant laws. The company is licensed by the National Bank of Ethiopia as a financial institution and is engaged in providing the technological infrastructure to facilitate the payment system. As a licensed financial institution, Cashflow is required to comply mainly with the financial sector laws, including the NBE Directives and other pertinent laws of the land. In consideration of the nature of Cashflow’s business as a regulated financial institution, the company recognizes the critical need to establish a robust compliance function. This will ensure adherence to all applicable laws, regulations, and internal policies, thereby safeguarding the company’s operations and reputation.

Reports to; Chief Executive Officer

Job Purpose; To ensure Cashflow operates in full compliance with all applicable laws, regulations, internal policies and procedures, and ethical and operational standards within the industry context and relevant international guidelines.

Key responsibilities include ensuring the company operates in full compliance with all applicable laws, regulations, internal policies, and ethical standards and relevant international guidelines, developing, implementing, and oversee Cashflow’s compliance policies, procedures and programs, conducting risk assessments, training employees on compliance related topics, designing and implementing a proactive risk and compliance management system, performing regular audits and cooperating with departments

Ensure adherence to all relevant financial sector laws and regulatory requirements, including the National Payment Law, NBE Directives, AML and CFT Laws, Personal Data Protection Legislations and other pertinent legislations; Develop, implement, and maintain compliance framework, policies, procedures, and standards of operation and conduct and ensure all these documents align with Ethiopian laws and regulatory requirements, relevant international regulations, and industry best practices;

• Establish procedures for receiving and investigating compliance-related concerns and allegations;
• Conduct regular risk assessments to identify potential areas of compliance vulnerability and risk and develop and implement strategies to mitigate identified risks;
• Establish and oversee internal controls and monitoring systems to ensure ongoing compliance and conduct periodic internal audits and reviews to assess adherence to compliance policies and procedures;
• Promote a culture of risk awareness and compliance within the Company
• Promote a culture of compliance and ethical behavior throughout the company;
• Develop and deliver compliance training programs for employees at all levels to foster understanding of relevant laws, regulations, and company policies;
• Prepare and present regular reports on the status of compliance activities to CEO and management;
• Serve as the primary point of contact with regulatory authorities in Ethiopia on compliance matters;
• Prepare and submit required regulatory reports to relevant authorities;
• Monitor changes in relevant laws and regulations and update company policies accordingly;
• Provide advice and guidance to management and employees on compliance-related issues;
• Collaborate with other departments to ensure compliance is integrated into business processes;
• Maintain accurate and up-to-date records of all compliance activities, including policies, training materials, audit reports, and investigation outcomes

• Bachelor’s degree in Finance, Economics, Accounting, Banking, Business Administration, Finance, or related field;
• Strong understanding of Ethiopian laws and regulations relevant to the company’s operations. Excellent communication, interpersonal, and presentation skills
• Strong analytical and problem-solving abilities
• High ethical standards and integrity
• Minimum of 3 – 5 years of relevant experience in a compliance or risk management role, within a financial institution in Ethiopia, preferably within a Bank or Payment System Operator
• Experience in developing and implementing compliance framework and programs
• Experience in conducting internal audits and investigations and familiarity with risk management methodologies
• In-depth knowledge of relevant regulatory requirement