Financial Reporting Centre Jobs in Kenya

Financial Reporting Centre Jobs in Kenya

Republic of Kenya Financial reporting centre Vacancy announcement (Revised 14 August 2017) The Financial Reporting Centre (FRC) is established under Section 21 of the Proceeds of Crime and Anti-Money Laundering Act 2009 (POCAMLA), and has the principal mandate of assisting in identification of the proceeds of crime and the combating of money laundering and the financing of terrorism. The Centre invites applications from suitable individuals to fill the following vacant positions:

1) Financial Reporting Centre Director financial intelligence analysis & reporting Jobs in Kenya
Director financial intelligence analysis & reporting
Vacancy No. FRC/2/2017
Number of Posts: One (1)

a) Position Description
Reporting to the Chief Executive Officer, he/she will be responsible for
(i) managing the analysis and reporting function of the FRC,
(ii) providing strategic and operational analysis of suspicious transactions and other strategic intelligence
(iii) exchange of information with foreign intelligence units on behalf of the FRC
(iv) compilation of various FRC reports on CTR and STR returns and analysis.

b) Duties and Responsibilities

Provide leadership in the definition, development and implementation of the department's strategy, policies and procedures in line with the FRC's strategic plan.

Coordinate the execution of the department's work programmes and plans. o Provide leadership in analysing reports of unusual Suspicious Transactions (STR) made by reporting institutions.

Provide leadership in analysing reports of Cash Transactions (CTR) by reporting institutions.

Ensure proper maintenance of a database of all reports of Suspicious Transactions related government information and other strategic materials.

Oversee the compilation of various FRC reports on CTR and STR returns and analysis.

Ensure mandatory reporting of suspicious financial activity reports to the appropriate law enforcement authorities, intelligence agency, or any other legally appropriate supervisory body for further handling.

Oversee the Compilation of statistics and records, dissemination of information within Kenya or elsewhere, and make recommendations arising out of any information received.

Provide information relating to the commission of an offence to any foreign intelligence unit or appropriate foreign law enforcement authority in accordance with the terms of signed data exchange agreements.

Oversee the preparation of a Bi —Annual Report summarizing progress on short and long range plans in the department.

Engage in any lawful activity, whether alone ortogether with any other organization in Kenya or elsewhere, aimed at promoting its objectives.

Oversee the preparation of monthly and annual financial statements, budgets, checks and protocols for the department ensuring completeness.

Monitor management information on the department's financial position.

Set the departmental targets for the team, review the department's performance on a quarterly basis and provide support to the team in achieving their targets.

Spearhead training, development, supervision, guidance and mentoring of staff in the department.

Ensure compliance with employment regulatory requirements and reporting.

Educational Qualifications and Work Experience

A Bachelor's degree in Law, Public Administration, Management, International Relations, Economics or Finance from a recognized institution.

Eight (8) years’ senior management experience in a financial institution, government agency, international organization or relevant private sector organization.

A Master's degree in Law, Public Administration, Management, International Relations, Finance, or Economics will be an added advantage.

d) Additional Skills and Competencies

Understanding of the FRC's responsibilities together with a working knowledge of Kenya's anti-money laundering and counter terrorism financing regime.

Demonstrated strong stakeholder relationship management.

Track record of providing intellectual leadership, delivering high quality results with notable achievements.

Analytical skills and use of analytical tools e.g. excel spreadsheets.

Financial and business management knowledge and skills.

Excellent proven interpersonal, verbal and written communication skills.

Demonstrated ability to manage and supervise staff.

Experience in working with a Board.

Demonstrated ability to share skills and knowledge with

others.

Demonstrated ability to prioritize tasks and manage high workloads.

2) Financial Reporting Centre Senior financial intelligence analyst Job Opportunities in Kenya
Senior financial intelligence analyst
Vacancy No. FRC/3/2017
Number of Posts: ONE (1)

a) Position Description
Reporting to the Director, Financial Intelligence Analysis 81 Reporting, he/she will be responsible for conducting research and performing complex analysis of sensitive financial information and intelligence for planning, policy formulation and investigative purposes.

b) Duties and Responsibilities

Ensure the effective record keeping of suspicious transaction, identified and reported in line with the requirements of the Proceeds of

Crime and Anti-Money Laundering Act. o Conduct analysis of financial intelligence, information and suspicious transaction reports (STRs).

Generate activity patterns, investigate leads and identify future behaviour from STRs.

Liaise with local and foreign financial and law enforcement authorities to collect intelligence and information for analytical purposes.

Extract, interpret intelligence and information utilizing analytical techniques and procedures using specific analytical software.

Plan, receive, interpret, analyse, evaluate and integrate information and produce analytical intelligence reports and disseminate information in accordance with the analysis intelligence cycle.

Prepare analytical documentation such as crime maps, association charts, suspect profiles and linkage analyst.

Coordinate the preparation of documentation providing information to sensitize the public with respect to prevention of criminal activity pertaining to money laundering and financing of terrorist activities.

Assist and provide advice on money laundering related queries/ questions from staff and other Banks.

Recommend whether cases warrant further investigation to determine commitment of money laundering and financing of terrorist activities.

Keep abreast with money laundering and terrorist financing issues, including policies, procedures, regulations, industry best practice, criminal typologies and developing trends.

Perform related work as may be requested. Educational Qualifications and Work Experience

Bachelor's degree in Management Studies, Finance, Economics and or in a Social Science Discipline from a recognized institution;

Six (6) years’ experience in an analytical, research and or investigative environment with at least three (3) years in a similar role.

Additional Skills and Competencies

Extensive knowledge of modern principles, techniques and practices of research and investigative methodology, including statistical and mathematical analysis.

Knowledge of the laws that govern the prevention of money laundering and financing of terrorism.

Considerable knowledge of modern methods and techniques of intelligence gathering and analysis.

Proficiency in Microsoft applications (Word, Excel etc.)

Knowledge of the Financial Intelligence Act and related legislation.

Knowledge of the inter-relationship between the Unit and Law Enforcement and Prosecutorial Agencies, as well as the regulatory and financial community, both locally and internationally.

Comprehensive understanding of banking and financial products, and financial legislation and policies pertaining to anti-money laundering (AML) and combating financing of terrorism (CFT).

Good project management skills. Excellent research, investigative, analytical, critical thinking, problem solving and decision making skills.

Sound oral and written communication skills inclusive of interviewing and report writing skills.

Strong interpersonal skills. Ability to work with utmost confidentiality and exercise a considerable degree of initiative and independent judgment.

Team work.

How to apply
Interested applicants who meet the above requirements are advised to submit their applications via email to the email address esdfrc@kpmg.co.ke quoting the reference number of the vacancy on the subject line.
The application shall include:
a) A detailed CV
b) Current and expected remuneration
c) Contact information of three references
d) Scanned Copies of academic and professional certificates Applications close 25 August 2017 at 1700 Hrs The financial reporting centre is an equal opportunity employer.

Only shortlisted candidates will be contacted. Shortlisted candidates will be required to bring the following documents during the interviews;
a) Copies of clearance certificates from the organizations mentioned above.
b) Original copies of academic and professional certificates.