Position Scope:

The role holder will be responsible for implementing measures to ensure adherence to the regulatory requirements and internal procedures, thereby minimizing losses arising from cost of non-compliance.

Key Responsibilities:

• To ensure that the Bank’s business conducted follows international /Local AML regulations and the bank’s AML/CFT policies
• Conduct review to test the validity and appropriateness of, and business compliance with, financial crime policies and procedures.
• Manage AML/CFT escalation issues for the business
• Provide regular reports to Chief Conduct & Compliance Officer and provide recommendations for mitigating financial crime risk.
• Advise on new AML/CFT regulations by liaising with the Head, Advisory & Support to performing training
• Tracking significant issues arising from Financial Crime Compliance (FCC) metrics, FCC Monitoring and Assurance activities, Audit reviews and regulatory inspections, providing validation of issue closure where necessary.
• Ensure all AML/CFT procedures relating to the business coverage model are up to date
• Assist to implement and maintain anti-money laundering, sanctions and terrorist financing policies and procedures, monitor their adequacy.

Qualifications

• Bachelor’s Degree in any discipline from a recognized institution. Master’s degree is an added advantage.
• Recognized professional certification such as CFA, CIS, ACCA, ICPAK, CFP, CFE, ACAMS, IT Certifications, etc
• Minimum of 15 years post qualification experience in Compliance & Internal Control within the Financial Services Industry of which at least 10 must have been in the
• Banking Sector.
• Strong understanding of Kenyan banking regulations and corporate governance.
• Experience in managing compliance monitoring or assurance functions is preferred.
• Banking Operations (Domestic & International Operations)
• Knowledge in Accounting & Credit Analysis / Appraisal
• Environmental / Industry Analysis
• Risk Management
• Operational risk
• Investment / Portfolio Management
• Assets & Liabilities Management

• To ensure that the Bank’s business conducted follows international /Local AML regulations and the bank’s AML/CFT policies
• Conduct review to test the validity and appropriateness of, and business compliance with, financial crime policies and procedures.
• Manage AML/CFT escalation issues for the business
• Provide regular reports to Chief Conduct & Compliance Officer and provide recommendations for mitigating financial crime risk.
• Advise on new AML/CFT regulations by liaising with the Head, Advisory & Support to performing training
• Tracking significant issues arising from Financial Crime Compliance (FCC) metrics, FCC Monitoring and Assurance activities, Audit reviews and regulatory inspections, providing validation of issue closure where necessary.
• Ensure all AML/CFT procedures relating to the business coverage model are up to date
• Assist to implement and maintain anti-money laundering, sanctions and terrorist financing policies and procedures, monitor their adequacy.

• Strong understanding of Kenyan banking regulations and corporate governance.
• Experience in managing compliance monitoring or assurance functions is preferred.
• Banking Operations (Domestic & International Operations)
• Knowledge in Accounting & Credit Analysis / Appraisal
• Environmental / Industry Analysis
• Risk Management
• Operational risk
• Investment / Portfolio Management
• Assets & Liabilities Management

• Bachelor’s Degree in any discipline from a recognized institution. Master’s degree is an added advantage.
• Recognized professional certification such as CFA, CIS, ACCA, ICPAK, CFP, CFE, ACAMS, IT Certifications, etc