Fidelis Fungai Taziwa
Rome,Italy
Summary
Talented Financial Crime professional with expert team leadership, planning and organisational skills. Equips business to meet regulatory needs. Diligent trainer and mentor with exceptional management abilities and results-driven approach.
Overview
18
18
years of professional experience
Work History
MANAGER – FINANCIAL CRIME COMPLIANCE
STANBIC BANK ZIMBABWE LIMITED
Harare
10.2021 - 01.2024
- Led the Financial Crime Compliance Unit by providing specialist knowledge and leadership to resulting in zero penalties levied.
- Managed relationships with regulators Financial Intelligence Unit and Correspondent Banks. Maintained 100% relationships with Correspondent Banks and successfully completed all Due Diligence requests.
- Developed, maintained and implemented a robust AML/CFT/CPF framework.
- Provided Due Diligence Advisory Services to Business Units resulting in maintenance of a quality client base.
- Developed and implemented Financial Crime Compliance Monitoring plan in conjunction with Compliance Monitoring; Group Compliance Monitoring; GFCC Conformance Testing.
- Reviewed suspicious transactions, PEP and Sanctions alerts and Suspicious Transaction Reports (STRs).
- Reviewed Client Due Diligence/Enhance Due Diligence reports for high risk clients and vendors from a second line of defence perspective.
- Formulated and socialized Client Due Diligence procedures for business units covering: identification and verification; client profiling; PEP, Sanctions and Adverse Media screening and ongoing due diligence reviews.
- Acted as secretariat of the bank’s High Risk Committee and standing attendee.
- Planned and executed periodic reviews of AML/CFT policies, processes and reporting procedures.
- Managed monitoring of high risk individuals and personally handled top secret and sensitive investigations.
- Provided expert advice and guidance to stakeholders on sanctions.
- Provided training on AML, CFT, Anti Bribery and Corruption and Prevention of Facilitation of Tax Evasion policies to spread awareness among company staff.
- Oversaw Correspondent Banking Financial Crime Risk Management.
- Applied expertise in team leadership to address productivity and performance issues, motivating staff to achieve KPIs.
- Upskilled staff through targeted training opportunities, enhancing team capabilities.
COMPLIANCE OFFICER
ECOCASH MOBILE FINANCIAL SERVICES
Harare
03.2012 - 09.2021
- Managed Regulatory Engagement and Reporting.
- Developed and Implemented the EcoCash Compliance Plan.
- Developed policies and systems to ensure business successfully achieved objectives.
- Monitored and reported on business compliance with relevant legislation.
- Responsible for Mobile Money new product applications to RBZ.
- Responsible for regulatory engagements and developed mechanisms to ensure submission of daily, weekly and monthly RBZ reports in line with regulatory requirements.
- Designed and managed the AML/CFT program inclusive of transaction monitoring, reporting of Suspicious Transactions and sanctions screening to ensure compliance with internal and external regulations.
- Developed and conducted AML/CFT training for employees, customers and channel users.
- Developed and Implemented risk based Customer Due Diligence (CDD) and Know Your Customer (KYC) programs and processes on an ongoing basis in line with regulatory requirements.
- Drafted and negotiated contracts with third parties.
- Assessed adherence to documented internal operational processes and procedures on a monthly basis to ensure compliance with processes and procedures.
RISK & COMPLIANCE OFFICER
PEOPLE’S OWN SAVINGS BANK (POSB)
Harare
08.2008 - 02.2012
- Designed and Implemented the bank's Operational Risk Management System.
- Responsible for Basel II Designing, Development and Implementation.
- Designed and Implemented the bank's Financial Risk Management system.
- Designed and Implemented the bank's Compliance Strategy.
- Responsible for Business Continuity Management.
- Responsible Regulatory Reporting.
UNDERWRITER
EXCELLENCE INSURANCE COMPANY & ZIMNAT LION
Harare
01.2007 - 07.2008
- Responsible for Underwriting insurance portfolios including renewals and endorsements.
- Conducted insurance risk surveys.
- Calculated group and individual renewal rates based on customers' background, industry and demographic information.
- Shaped and developed underwriting policies, practices and procedures to improve company standards.
- Conducted research on client needs and market developments
- Conducted Risk Management Seminars, workshops, meetings, surveys for corporate clients.
PROJECT CONSULTANT
STANBIC BANK ZIMBABWE
06.2006 - 12.2006
- Worked on two projects under the direct supervision of the Executive Director - Whole Banking. The projects were on Corporate and Investment Banking Client Segmentation and Strategies of Operating in a Hyperinflationary environment.
- Preparation of a deliverable which included a report and a PowerPoint presentation to the Bank’s EXCO (Executive Committee).
Education
Certified Anti-Money Laundering Specialist (CAMS) - Anti-Money Laundering
ACAMS
Florida, United States of America 06/2016 - 01/2017
Master of Business Administration (MBA) - Financial Services and Strategy
University of Zimbabwe
Harare, Zimbabwe 01/2011 - 01/2014
Post Graduate Diploma in Risk Management (IRM) - Enterprisewide Risk Management
Institute of Risk Management (IRM)
London, United Kingdom 06/2004 - 06/2007
B Com Honors Degree in Risk Management & Insurance - Risk Management and Insurance
National University of Science & Technology
Bulawayo, Zimbabwe 03/2002 - 05/2006
Skills
- Leadership
- Regulatory Engagement and Stakeholder Management
- Financial Crime and Sanctions
- Ability to assess compliance vulnerabilities and risk
- Fraud investigations
- Adept in payment services regulation
- Self-motivated
- Critical thinking
Personal Information
Date of birth: 03/09/83
Languages
English
Fluent
Italian
Beginner
Timeline
MANAGER – FINANCIAL CRIME COMPLIANCE
STANBIC BANK ZIMBABWE LIMITED
10.2021 - 01.2024
COMPLIANCE OFFICER
ECOCASH MOBILE FINANCIAL SERVICES
03.2012 - 09.2021
RISK & COMPLIANCE OFFICER
PEOPLE’S OWN SAVINGS BANK (POSB)
08.2008 - 02.2012
UNDERWRITER
EXCELLENCE INSURANCE COMPANY & ZIMNAT LION
01.2007 - 07.2008
PROJECT CONSULTANT
STANBIC BANK ZIMBABWE
06.2006 - 12.2006
Certified Anti-Money Laundering Specialist (CAMS) - Anti-Money Laundering
ACAMS
06/2016 - 01/2017
Master of Business Administration (MBA) - Financial Services and Strategy
University of Zimbabwe
01/2011 - 01/2014
Post Graduate Diploma in Risk Management (IRM) - Enterprisewide Risk Management
Institute of Risk Management (IRM)
06/2004 - 06/2007
B Com Honors Degree in Risk Management & Insurance - Risk Management and Insurance
National University of Science & Technology
03/2002 - 05/2006
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