Refilwe Tshetlhane
Gaborone
Summary
Experienced compliance professional with a background in economics and a desire and passion to uphold legal rules, regulations, policies and standards pertaining to the operations of an Organization.
Overview
10
10
years of professional experience
Work History
Orange Pension Fund Board of Trustee
Orange Botswana
Gaborone
10.2023 - Current
- Interpret legislation and provide guidance.
- Ensure awareness, understanding, and compliance to laws, standards, policies, and processes.
- Suspicious transaction monitoring.
- Compliance advisory.
- Regulatory reporting.
- Responding to Bank of Botswana and FIA on United Nations Security Council sanction lists search, asset freeze, and account termination.
Compliance Specialist
Orange Money Botswana
Gaborone
07.2019 - Current
- Liaise with applicable regulators: BOB, FIA, NBFIRA, and Data Protection Commissioner.
- Maintain regulatory universe ;document laws, regulations and standards applicable to Orange Money(EPS, FIAct and Regulations, Data Protection, Bocra
- Manage compliance risk management program; reviewing policies and procedures that communicate where the company stands with regard to compliance topics: data protection, AML/CFT, anti-bribery, corruption, ethics, and code of conduct.
- Scan the regulatory environment and conduct a regulatory impact analysis for changes.
- Play an advisory role in terms of day-to-day business-as-usual operations and at a strategic level.
- Ensure compliance and effectiveness of business operations, ethical standards, and alignment to the mission and regulatory obligations.
- Regulatory and management reporting (Breach report,Suspicious transactions, Compliance testing/worksheet report, Operations report etc.)
- Manage the AML/CFT programme: Set CDD procedures/KYC checklist, Analysis and approval of high risk clients(eliminating false positives and confirming true hits), Analysis and approval of suspicious transactions for submission to FIA(FIA portal)
- Maintain documentation of compliance activities( Compliance training tracker, remedial action tracker)
- Lead employee and distribution channel training sessions on compliance issues, particularly AML/CFT.
- Conducting products and services compliance/risk assessment before launch, and periodic thereafter.
- Daily analysis and approval of PIP, Watchlist, and sanctions screening results.
- Daily analysis of transactions assigned as suspicious; eliminating false positives.
- Lead the development and implementation of AML/CFT policies and procedures in accordance with regulatory requirements.
- Secure screening and transaction monitoring tools.
Risk and Compliance Officer
Orange Botswana
Gaborone
06.2018 - 07.2019
- Develop and implement compliance programme
- Identifying and assessing risks associated with current and proposed future business activities; new products, new business relationships, ad any extension of operations
- Advice management on applicable laws, regulations, rules and standards
- Assess appropriateness of internal policies, procedures and guidelines and make recommendations for amendments where necessary and supervise the implementation of corrective measures
- Monitor compliance with regulations, policies and group guidelines by performing regular and comprehensive risk assessments and testing
- Ensure submission of management and regulatory reports
- Educate and train staff with respect to risk and compliance activities
Compliance Officer
African Alliance Botswana
Gaborone
06.2016 - 05.2018
- Implement compliance programme
- Develop compliance policies and procedures
- Implement and monitor internal practices and procedures to ensure compliance
- Deliver training in accordance with the compliance training program; AML/CFT, Market Abuse, Conflict of Interest
- Monthly investment restrictions on portfolios
- Ensure portfolios are managed in accordance with compliance restrictions as set out in the regulations and in the segregated mandate by reviewing monthly reports and following up resolutions
- Implement AML/CFT compliance programme and ensure processes and systems in place meet regulatory requirements
- Conduct compliance checks on documents and sign off on behalf of compliance including enhanced due diligence on high risk clients
- Run dow jones clearance on all new clients as per guidelines
- Identify and report suspicious transactions to the Financial Intelligence Agency
- Regulatory interaction and reporting(NBFIRA, FIA, BSE)
- Approval of personal account trading and all gifts and entertainment received and given to clients
- Compile and maintain a register of Legislation; NBFIRA,BSE
Risk and Compliance Officer
National Development Bank
Gaborone
06.2014 - 06.2016
- Facilitate the development, review and manage the Bank’s risk and compliance framework
- Participate in the implementation and monitoring of risk and compliance programmes
- Facilitate business units risk assessment
- Regulatory reporting
- Training colleagues on Risk and Compliance Policies
- Ensure compliance to the ISO 9004:2000 International Quality Standards which the Bank was certified under to help optimize business good practice.
Education
CAMS Certified, Anti-Money Laundering Specialist -
ACAMS
GaboroneInternational Advanced certificate in Compliance -
University of Manchester
ManchesterEnterprise Risk Management -
Botswana Accountancy College
GaboroneBachelor of Economics (Honors); Analytic Economics -
Multi Media University
CyberjayaSkills
- Regulatory Compliance
- Anti-Money Laundering (AML) Compliance
- Risk Management and Assessment
- Regulatory and Management Reporting
- Financial Analysis
- Suspicious Activity Monitoring
- Policy and Procedure Development
- Training and Education
- Stakeholder Communication
Accomplishments
- Secured and implemented a watch list and sanction screening system as well as a transaction monitoring tool which reduced the risk of breaching the regulations, boosted efficiency and helped us in becoming agile and produce accurate reports.
- Facilitated the licensing of Orange Money Business under the Electronic Payment systems regulations 2019
- Delivered strong and sustained performance and improving operational control and compliance culture
References
- Seabelo Pilane, Chief Executive Officer, Orange Money Botswana, Gaborone, +267 72338855
- Vincent Oremeng, Head strategy, BIUST, Palapye, +267 72100018
- Lionjanga Nasoma, Risk and Compliance Director, CEDA, Gaborone, +267 72810032
Timeline
Orange Pension Fund Board of Trustee
Orange Botswana
10.2023 - Current
Compliance Specialist
Orange Money Botswana
07.2019 - Current
Risk and Compliance Officer
Orange Botswana
06.2018 - 07.2019
Compliance Officer
African Alliance Botswana
06.2016 - 05.2018
Risk and Compliance Officer
National Development Bank
06.2014 - 06.2016
CAMS Certified, Anti-Money Laundering Specialist -
ACAMS
International Advanced certificate in Compliance -
University of Manchester
Enterprise Risk Management -
Botswana Accountancy College
Bachelor of Economics (Honors); Analytic Economics -
Multi Media University
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