Safaricom Principal Officer - Money Laundering Reporting Office Jobs in Kenya
Safaricom Principal Officer - Money Laundering Reporting Office Jobs in Kenya
We are pleased to announce the vacancy of Principal Officer in the Money Laundering Reporting Office within the Corporate Security Division. In keeping with our current business needs, we are looking for a person who meets the criteria indicated below.
Brief Posting Description
Reporting to the Senior Manager - Money Laundering Reporting Office, the role holder will implement a robust transaction monitoring program to ensure timely detection, investigation and reporting of suspicious activities.
Job Responsibilities
Define, test and deploy efficient transaction monitoring scenarios which trigger high quality alerts.
Design and implement enhanced monitoring parameters for high-risk customers, partners, locations and corridors.
Deploy machine learning models to ensure timely flagging of outlier behavior in local transactions and international money transfers.
Automate processes to create efficiencies, improve compliance monitoring and ensure that AML/CFT risks are adequately mitigated.
Implement an effective risk-based approach to AML compliance and ensure it is updated regularly.
Maintain detailed knowledge of current AML laws, regulations and requirements while monitoring emerging trends or issues within the AML scope. This should drive changes to existing procedures.
Perform regular review of AML/CFT controls to assess effectiveness and address emerging risks. This includes review of the following programs; customer and partner due diligence, sanction screening, transaction monitoring and suspicious activity reporting.
Conduct ongoing reviews to ensure all operations comply with the AML policy and applicable laws or regulations.
Report control weaknesses or lapses to senior management in a timely manner, recommend mitigation controls or process changes and follow up implementation of agreed actions.
Carry out quarterly compliance reviews on M-PESA activities based
on the signed off compliance methodology.
Prepare regular reports to internal stakeholders and management on the state of compliance and follow through for resolution of any exceptions identified.
Proactively identify risks in the assigned projects and follow up implementation of agreed mitigation controls.
Active participation during audits by providing documents, explanations and walk-throughs.
Follow up for timely implementation of recommendations made by internal and external auditors.
Maintain strong working relationship with internal stakeholders such as Financial services, Big Data & Business Analytics, Regional Sales & Operations, Corporate Security, Corporate Affairs, Customer Operations and relevant departments to ensure that compliance issues are regularly discussed and addressed.
Qualifications
Job Requirements
Bachelor’s degree or its equivalent
AML certification (ACAMS or MICA)
Good knowledge of money remittance and payment services
At least 3 years’ experience in transaction monitoring
Detailed knowledge of money laundering techniques, legislation and regulation
Experience in automating processes, deploying and optimizing monitoring systems
Good understanding of programming languages
Exposure to big data analytics
Effective communicator orally and in writing
Team player who works effectively with others to deliver expected outcomes
For more information and application details see;Safaricom Principal Officer - Money Laundering Reporting Office Jobs in Kenya
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