Anti Money Laundering and Compliance office
2025-05-21T13:59:58+00:00
Old Mutual Kenya
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https://www.greatkenyanjobs.com/jobs
FULL_TIME
Nairobi
Nairobi
00100
Kenya
Finance
Finance, Insurance & Real Estate
2025-05-27T17:00:00+00:00
Kenya
8
Anti Money Laundering and Compliance officer at Old Mutual Kenya
Nairobi
posted onPosted May 21, 2025
job requisition idJR-66544
Lets Write Africa's Story Together!
Old Mutual is a firm believer in the African opportunity and our diverse talent reflects this.
Job Description
Provide 1st line regulatory, risk and compliance support to management within business. Be accountable to Risk Control functions (Compliance, Legal, Forensics and Enterprise Risk Management) regarding regulatory compliance and risk practices within business. Implementation of risk management responsibilities in collaboration with Compliance, Legal, Forensics and Enterprise Risk Management.
JOB PURPOSE
The role holder will be responsible for ensuring the Old Mutual Investment Group KE business's compliance with Anti-Money Laundering (AML); countering Financing of Terrorism and Proliferation regulations, mitigating financial crime risks, and maintaining a robust AML/CFT/CPF program. The role involves implementing policies, procedures, and controls to detect, prevent, and report suspicious transactions while safeguarding the Old Mutual's reputation and financial integrity.
PRINCIPAL ACCOUNTABILITIES.
- To assist the Old Mutual’s Accountable Person in discharging their statutory reporting obligations in terms of the Anti-Money Laundering, Anti-Terrorism and Combating Proliferation act and regulations.
- Implement the Risk Management and Compliance Program, determine controls and procedures to mitigate money laundering (ML), terrorist financing (TF) and proliferation financing (PF) risks in-line with the AML/ Counter Terrorist and Proliferation Financing (CTPF) Risk Management and Compliance Programme (RMCP).
- Design, implement or review existing processes regularly to identify gaps and potential inefficiencies and contribute development and implementation of new processes or working instructions
- AML/CFT/CPF alerts management -Investigate and manage timeously transaction monitoring; watchlist (UN/OFAC/HMT/EU hits) or PEP alerts
- Investigate and escalate immediately material AML, CFT/CPF and sanction breaches, risks, risk events or material non-compliance to the MLCO or Group AML Officer
- Deliver holistically on all the regulatory and internal reporting requirements. Discharge mandatory reporting obligations by reporting suspicious transactions to MLCO, for onward reporting to Financial Intelligence Authority (FIA).
- Remaining fully up to date with AML/CFT/CPF legislation/guidance in Country and ensuring timely updates to implement changes in legislation/regulation.
- Product risk assessments and new product approvals – support the business as the subject matter expert on AML/CFT/CPF product risk assessment governance and approvals.
- Regularly reporting to the senior management to ensure that AML/Sanctions /CFT/CPF and Regulatory Compliance risks are adequately identified, understood and managed.
- Continuously develop and review the AML/CFT/CPF/ Sanctions and Regulatory Compliance systems to ensure they remain up to date, meet current statutory and regulatory requirements and are effective in managing AML/Sanctions /CTF and Regulatory Compliance risks arising from the business.
- Provide advice to all relevant departments/ divisions in the performance of their duties in accordance with the AML/CFT/CPF policy and regulations
- Responsible for the development and implementation of a robust, continuous AML/CFT/CPF/ Sanctions training program for all staff and intermediaries.
- Cooperating with Risk and Compliance Manager or Group AML Officer on requests for information, reviews, audits and investigations on the Anti-Money Laundering Act/AML/CFT/CPF related investigations.
- Conduct the AML/CFT/CPF Business Risk Assessment in line with regulatory and RMCP requirements.
- Assisting the Risk and Compliance Manager in the development, implementation and maintenance of compliance risk management and monitoring plans for Old Mutual Investment group KE, specific to AML
- Conduct due diligence review on strategic business partners to evaluate potential AML/Sanctions /CTF and Regulatory Compliance risks.
Controlled Disclosure
- Maintenance of records related to AML/ CFT/CPF duties specified above including training records, review reports for back testing, supporting documents used to resolve alerts etc.
- Ensuring effective and timeous reporting in respect of AML regulatory requirements, risks identified and overall AML/CFT/CPF compliance of Old Mutual entity, to various stakeholders within the organization including loading in CURA.
- Handle other duties as assigned to assist overall regulatory compliance.
KNOWLEDGE AND EXPERIENCE.
Qualifications:
Degree in Compliance, Legal, Risk Management or any related field.
Certificate in Anti Money Laundering and Compliance Management.
Experience:
2 years’ work experience.
SKILLS AND COMPETENCIES.
- Strong understanding of AML regulations and guidelines.
- Excellent analytical and investigative skills.
- Proficient in data analysis and reporting tools.
- Strong communication and interpersonal skills.
- Ability to handle confidential information with discretion.
- Proven experience in AML compliance within the financial services industry.
- Possesses a strong sense of ownership and initiative as well as a proactive mind-set
Skills
Compliance Software, Computer Literacy, Customs Compliance, Data Compilation, Engineering Standards, Evaluating Information, Learning and Development (L&D), Legal Practices, Management Reporting, Oral Communications, Professional Presentation, Regulatory Compliance Management
Competencies
Action OrientedCollaboratesCommunicates EffectivelyDecision QualityEnsures AccountabilityInstills TrustManages ComplexityOptimizes Work Processes
Education
NQF Level 7 - Degree, Advance Diploma or Postgraduate Certificate or equivalent
Closing Date
27 May 2025 , 23:59
To assist the Old Mutual’s Accountable Person in discharging their statutory reporting obligations in terms of the Anti-Money Laundering, Anti-Terrorism and Combating Proliferation act and regulations. Implement the Risk Management and Compliance Program, determine controls and procedures to mitigate money laundering (ML), terrorist financing (TF) and proliferation financing (PF) risks in-line with the AML/ Counter Terrorist and Proliferation Financing (CTPF) Risk Management and Compliance Programme (RMCP). Design, implement or review existing processes regularly to identify gaps and potential inefficiencies and contribute development and implementation of new processes or working instructions AML/CFT/CPF alerts management -Investigate and manage timeously transaction monitoring; watchlist (UN/OFAC/HMT/EU hits) or PEP alerts Investigate and escalate immediately material AML, CFT/CPF and sanction breaches, risks, risk events or material non-compliance to the MLCO or Group AML Officer Deliver holistically on all the regulatory and internal reporting requirements. Discharge mandatory reporting obligations by reporting suspicious transactions to MLCO, for onward reporting to Financial Intelligence Authority (FIA). Remaining fully up to date with AML/CFT/CPF legislation/guidance in Country and ensuring timely updates to implement changes in legislation/regulation. Product risk assessments and new product approvals – support the business as the subject matter expert on AML/CFT/CPF product risk assessment governance and approvals. Regularly reporting to the senior management to ensure that AML/Sanctions /CFT/CPF and Regulatory Compliance risks are adequately identified, understood and managed. Continuously develop and review the AML/CFT/CPF/ Sanctions and Regulatory Compliance systems to ensure they remain up to date, meet current statutory and regulatory requirements and are effective in managing AML/Sanctions /CTF and Regulatory Compliance risks arising from the business. Provide advice to all relevant departments/ divisions in the performance of their duties in accordance with the AML/CFT/CPF policy and regulations Responsible for the development and implementation of a robust, continuous AML/CFT/CPF/ Sanctions training program for all staff and intermediaries. Cooperating with Risk and Compliance Manager or Group AML Officer on requests for information, reviews, audits and investigations on the Anti-Money Laundering Act/AML/CFT/CPF related investigations. Conduct the AML/CFT/CPF Business Risk Assessment in line with regulatory and RMCP requirements. Assisting the Risk and Compliance Manager in the development, implementation and maintenance of compliance risk management and monitoring plans for Old Mutual Investment group KE, specific to AML Conduct due diligence review on strategic business partners to evaluate potential AML/Sanctions /CTF and Regulatory Compliance risks. Controlled Disclosure Maintenance of records related to AML/ CFT/CPF duties specified above including training records, review reports for back testing, supporting documents used to resolve alerts etc. Ensuring effective and timeous reporting in respect of AML regulatory requirements, risks identified and overall AML/CFT/CPF compliance of Old Mutual entity, to various stakeholders within the organization including loading in CURA. Handle other duties as assigned to assist overall regulatory compliance.
Strong understanding of AML regulations and guidelines. Excellent analytical and investigative skills. Proficient in data analysis and reporting tools. Strong communication and interpersonal skills. Ability to handle confidential information with discretion. Proven experience in AML compliance within the financial services industry. Possesses a strong sense of ownership and initiative as well as a proactive mind-set Compliance Software, Computer Literacy, Customs Compliance, Data Compilation, Engineering Standards, Evaluating Information, Learning and Development (L&D), Legal Practices, Management Reporting, Oral Communications, Professional Presentation, Regulatory Compliance Management
Degree in Compliance, Legal, Risk Management or any related field. Certificate in Anti Money Laundering and Compliance Management. Experience: 2 years’ work experience.
JOB-682ddc5e01642
Vacancy title:
Anti Money Laundering and Compliance office
[Type: FULL_TIME, Industry: Finance, Category: Finance, Insurance & Real Estate]
Jobs at:
Old Mutual Kenya
Deadline of this Job:
Tuesday, May 27 2025
Duty Station:
Nairobi | Nairobi | Kenya
Summary
Date Posted: Wednesday, May 21 2025, Base Salary: Not Disclosed
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JOB DETAILS:
Anti Money Laundering and Compliance officer at Old Mutual Kenya
Nairobi
posted onPosted May 21, 2025
job requisition idJR-66544
Lets Write Africa's Story Together!
Old Mutual is a firm believer in the African opportunity and our diverse talent reflects this.
Job Description
Provide 1st line regulatory, risk and compliance support to management within business. Be accountable to Risk Control functions (Compliance, Legal, Forensics and Enterprise Risk Management) regarding regulatory compliance and risk practices within business. Implementation of risk management responsibilities in collaboration with Compliance, Legal, Forensics and Enterprise Risk Management.
JOB PURPOSE
The role holder will be responsible for ensuring the Old Mutual Investment Group KE business's compliance with Anti-Money Laundering (AML); countering Financing of Terrorism and Proliferation regulations, mitigating financial crime risks, and maintaining a robust AML/CFT/CPF program. The role involves implementing policies, procedures, and controls to detect, prevent, and report suspicious transactions while safeguarding the Old Mutual's reputation and financial integrity.
PRINCIPAL ACCOUNTABILITIES.
- To assist the Old Mutual’s Accountable Person in discharging their statutory reporting obligations in terms of the Anti-Money Laundering, Anti-Terrorism and Combating Proliferation act and regulations.
- Implement the Risk Management and Compliance Program, determine controls and procedures to mitigate money laundering (ML), terrorist financing (TF) and proliferation financing (PF) risks in-line with the AML/ Counter Terrorist and Proliferation Financing (CTPF) Risk Management and Compliance Programme (RMCP).
- Design, implement or review existing processes regularly to identify gaps and potential inefficiencies and contribute development and implementation of new processes or working instructions
- AML/CFT/CPF alerts management -Investigate and manage timeously transaction monitoring; watchlist (UN/OFAC/HMT/EU hits) or PEP alerts
- Investigate and escalate immediately material AML, CFT/CPF and sanction breaches, risks, risk events or material non-compliance to the MLCO or Group AML Officer
- Deliver holistically on all the regulatory and internal reporting requirements. Discharge mandatory reporting obligations by reporting suspicious transactions to MLCO, for onward reporting to Financial Intelligence Authority (FIA).
- Remaining fully up to date with AML/CFT/CPF legislation/guidance in Country and ensuring timely updates to implement changes in legislation/regulation.
- Product risk assessments and new product approvals – support the business as the subject matter expert on AML/CFT/CPF product risk assessment governance and approvals.
- Regularly reporting to the senior management to ensure that AML/Sanctions /CFT/CPF and Regulatory Compliance risks are adequately identified, understood and managed.
- Continuously develop and review the AML/CFT/CPF/ Sanctions and Regulatory Compliance systems to ensure they remain up to date, meet current statutory and regulatory requirements and are effective in managing AML/Sanctions /CTF and Regulatory Compliance risks arising from the business.
- Provide advice to all relevant departments/ divisions in the performance of their duties in accordance with the AML/CFT/CPF policy and regulations
- Responsible for the development and implementation of a robust, continuous AML/CFT/CPF/ Sanctions training program for all staff and intermediaries.
- Cooperating with Risk and Compliance Manager or Group AML Officer on requests for information, reviews, audits and investigations on the Anti-Money Laundering Act/AML/CFT/CPF related investigations.
- Conduct the AML/CFT/CPF Business Risk Assessment in line with regulatory and RMCP requirements.
- Assisting the Risk and Compliance Manager in the development, implementation and maintenance of compliance risk management and monitoring plans for Old Mutual Investment group KE, specific to AML
- Conduct due diligence review on strategic business partners to evaluate potential AML/Sanctions /CTF and Regulatory Compliance risks.
Controlled Disclosure
- Maintenance of records related to AML/ CFT/CPF duties specified above including training records, review reports for back testing, supporting documents used to resolve alerts etc.
- Ensuring effective and timeous reporting in respect of AML regulatory requirements, risks identified and overall AML/CFT/CPF compliance of Old Mutual entity, to various stakeholders within the organization including loading in CURA.
- Handle other duties as assigned to assist overall regulatory compliance.
KNOWLEDGE AND EXPERIENCE.
Qualifications:
Degree in Compliance, Legal, Risk Management or any related field.
Certificate in Anti Money Laundering and Compliance Management.
Experience:
2 years’ work experience.
SKILLS AND COMPETENCIES.
- Strong understanding of AML regulations and guidelines.
- Excellent analytical and investigative skills.
- Proficient in data analysis and reporting tools.
- Strong communication and interpersonal skills.
- Ability to handle confidential information with discretion.
- Proven experience in AML compliance within the financial services industry.
- Possesses a strong sense of ownership and initiative as well as a proactive mind-set
Skills
Compliance Software, Computer Literacy, Customs Compliance, Data Compilation, Engineering Standards, Evaluating Information, Learning and Development (L&D), Legal Practices, Management Reporting, Oral Communications, Professional Presentation, Regulatory Compliance Management
Competencies
Action OrientedCollaboratesCommunicates EffectivelyDecision QualityEnsures AccountabilityInstills TrustManages ComplexityOptimizes Work Processes
Education
NQF Level 7 - Degree, Advance Diploma or Postgraduate Certificate or equivalent
Closing Date
27 May 2025 , 23:59
Work Hours: 8
Experience in Months: 24
Level of Education: bachelor degree
Job application procedure
Interested and qualified? Go to Old Mutual Kenya on oldmutual.wd3.myworkdayjobs.com to apply
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