Job Purpose

Assist in the drafting of policies and guidelines for market conduct, Anti-Money Laundering (AML), Combating Financing of Terrorism (CFT) and Combating Proliferation Financing (CPF) for institutions licensed by CBK and conducting AML/CFT/CFP onsite examinations and offsite surveillance.

Key Duties and Responsibilities

Strategic Responsibilities

1. Implement and enforce AML/CFT/CPF laws in the banking sector.

2. Contribute as appropriate to the performance of other functions and to the overall achievement of the Bank’s strategic objectives.

Technical and Operational Responsibilities

1. Review of AML/CFT/CPF existing laws, regulations and prudential guidelines; and contribute to the development of new laws, regulations and guidelines for institutions licensed by CBK.

2. Research on international best practices for effective AML/CFT/CPF supervision for the banking sector.

3. Respond to queries on AML/CFT matters from both internal/external stakeholders.

4. Assess AML/CFT/CPF compliance by all institutions with banking sector laws, regulations and guidelines.

5. Undertake AML/CFT/CPF onsite examination/inspection and offsite surveillance of institutions licensed by CBK.

6. Analyse periodic AML/CFT/CPF returns submitted to CBK by financial institutions.

7. Prepare AML/CFT/CPF inspection manuals and operational plans.

8. Conduct periodic reviews of ML/TF/PF risk assessments of financial institutions. and undertake sectoral ML/TF/PF risk assessments and periodic ML/TF/PF risk assessments of institutions.

9. Implement the risk-based AML/CFT/CPF supervision framework unique to each institution; monitor its effectiveness by developing and updating institution profiles; plan and schedule supervisory activities.

10. Process, analyse and make appropriate AML/CFT/CPF recommendations on applications for new products and vetting of senior managers and directors of banks.

11. Initiate and draft Memorandum of Understanding for supervisory cooperation and information exchange with other national, regional and international regulators.

12. Prepare AML/CFT/CPF status reports for ESAAMLG and FATF and participate in their activities.

13. Liaise with the Financial Reporting Centre on AML/CFT/CPF matters

14. Implement AML/CFT/CPF and Market Conduct related recommendations from collaborations with domestic and international financial regulators regional and international financial inclusion initiatives/organisations and development partners.

15. Research on emerging challenges and market dynamism.

16. Adherence to Bank policies, procedures, guidelines and relevant legislation.

17. Undertake knowledge development to achieve high levels of performance.

18. Any other assigned duties and responsibilities.

Qualifications

1. Bachelor’s Degree in Management, Economics, Insurance, Law, Finance or related discipline from a reputable university.

2. Professional qualification(s) in Accounting, Law, Finance, Banking or related discipline is an added advantage.

Work Experience

At least two (2) years post-qualification experience in Prudential/Bank Supervision, Financial Analysis, Auditing, Accounting, and Commercial Banking Operations.

Competencies

Technical Competencies

1. Good understanding of internationally accepted best practices for effective bank supervision and their application in supervision design and implementation.

2. Broad knowledge of banking operations and processes as well as the banks' products.

3. Good analytical and conceptual skills - Ability to challenge the status quo based on quantitative facts and impacts.

4. Good understanding of bank supervision policy and regulatory frameworks.

5. Project management skills - ability to plan and execute assigned tasks.

6. Strong communication and presentation skills including ability to write reports.

7. Financial data collection - Ability to extract and provide financial information necessary for internal decision-making purposes.

Behavioural/ General Competencies

1. Leadership and management - takes responsibility for assigned tasks and can work in a high-performing team.

2. Communication - the ability to speak clearly, fluently and in a compelling manner to both individuals and groups and the ability to write clearly and concisely, using appropriate grammar, style and language for the reader.

3. Interpersonal skills - creates rapport with others and develops effective communication and team spirit with colleagues.

4. Personal Motivation and Drive - commit self to work hard towards goals. Shows enthusiasm and career commitment.

5. Adaptability/Flexibility - ability and willingness to be flexible, to adapt to and work effectively within a variety of changing situations and with various individuals and groups.

6. Professionalism –maintains a professional approach based on ethics and CBK values.

7. Integrity and honesty and ethics- ensures ethical practices and integrity and ensures CBK is not put at reputational risk.

8. Resilience – is able to withstand strategic and operational challenges and maintain momentum.

9. Emotional Intelligence - manages emotions in a mature and composed manner.

• Implement and enforce AML/CFT/CPF laws in the banking sector.
• Contribute as appropriate to the performance of other functions and to the overall achievement of the Bank’s strategic objectives.
• Review of AML/CFT/CPF existing laws, regulations and prudential guidelines; and contribute to the development of new laws, regulations and guidelines for institutions licensed by CBK.
• Research on international best practices for effective AML/CFT/CPF supervision for the banking sector.
• Respond to queries on AML/CFT matters from both internal/external stakeholders.
• Assess AML/CFT/CPF compliance by all institutions with banking sector laws, regulations and guidelines.
• Undertake AML/CFT/CPF onsite examination/inspection and offsite surveillance of institutions licensed by CBK.
• Analyse periodic AML/CFT/CPF returns submitted to CBK by financial institutions.
• Prepare AML/CFT/CPF inspection manuals and operational plans.
• Conduct periodic reviews of ML/TF/PF risk assessments of financial institutions. and undertake sectoral ML/TF/PF risk assessments and periodic ML/TF/PF risk assessments of institutions.
• Implement the risk-based AML/CFT/CPF supervision framework unique to each institution; monitor its effectiveness by developing and updating institution profiles; plan and schedule supervisory activities.
• Process, analyse and make appropriate AML/CFT/CPF recommendations on applications for new products and vetting of senior managers and directors of banks.
• Initiate and draft Memorandum of Understanding for supervisory cooperation and information exchange with other national, regional and international regulators.
• Prepare AML/CFT/CPF status reports for ESAAMLG and FATF and participate in their activities.
• Liaise with the Financial Reporting Centre on AML/CFT/CPF matters
• Implement AML/CFT/CPF and Market Conduct related recommendations from collaborations with domestic and international financial regulators regional and international financial inclusion initiatives/organisations and development partners.
• Research on emerging challenges and market dynamism.
• Adherence to Bank policies, procedures, guidelines and relevant legislation.
• Undertake knowledge development to achieve high levels of performance.
• Any other assigned duties and responsibilities.

• Good understanding of internationally accepted best practices for effective bank supervision and their application in supervision design and implementation.
• Broad knowledge of banking operations and processes as well as the banks' products.
• Good analytical and conceptual skills - Ability to challenge the status quo based on quantitative facts and impacts.
• Good understanding of bank supervision policy and regulatory frameworks.
• Project management skills - ability to plan and execute assigned tasks.
• Strong communication and presentation skills including ability to write reports.
• Financial data collection - Ability to extract and provide financial information necessary for internal decision-making purposes.
• Leadership and management - takes responsibility for assigned tasks and can work in a high-performing team.
• Communication - the ability to speak clearly, fluently and in a compelling manner to both individuals and groups and the ability to write clearly and concisely, using appropriate grammar, style and language for the reader.
• Interpersonal skills - creates rapport with others and develops effective communication and team spirit with colleagues.
• Personal Motivation and Drive - commit self to work hard towards goals. Shows enthusiasm and career commitment.
• Adaptability/Flexibility - ability and willingness to be flexible, to adapt to and work effectively within a variety of changing situations and with various individuals and groups.
• Professionalism –maintains a professional approach based on ethics and CBK values.
• Integrity and honesty and ethics- ensures ethical practices and integrity and ensures CBK is not put at reputational risk.
• Resilience – is able to withstand strategic and operational challenges and maintain momentum.
• Emotional Intelligence - manages emotions in a mature and composed manner.

• Bachelor’s Degree in Management, Economics, Insurance, Law, Finance or related discipline from a reputable university.
• Professional qualification(s) in Accounting, Law, Finance, Banking or related discipline is an added advantage.