Sidian Bank Manager – Compliance Jobs in Kenya

Sidian Bank Manager – Compliance Jobs in Kenya

Job Purpose

Responsible for performing AML/CFT compliance functions and reviewing KYC. Such functions include implementing the Bank’s AML/CFT compliance program, conducting investigations, analysis and responding to Money Laundering/ Terrorism Financing (ML/TF) cases, identifying points of compromise and potential loss.

To ensure that the bank is in full compliance of all statutory and legal requirements as stipulated in the PG Guidelines and the Banking Act.

Key Responsibilities

Strengthening Risk Management

Collaborative Partnerships

Transaction Monitoring and Reviews

Reporting

Main Activities

Strengthening Risk Management:

Assist in reviewing new products and services, internal policies and procedures and make recommendations for enhancement of controls and risk mitigation as appropriate, especially for AML/CFT

Work with business units to establish, maintain and continuously improve AML/CFT compliance risk management capabilities.

Proactively identify gaps in the assigned reviews, assessments, projects and follow up on implementation of agreed mitigation controls.

Monitor and track closure of management actions from the compliance reviews, regulators’ and External auditors’ reports.

Collaborative Partnerships

Assist in implementing a bank-wide AML program through risk awareness training program for all staff especially on identification and reporting of suspicious transactions.

Development of AML/CFT Compliance Training for new employees.

Maintain detailed knowledge of current AML regulations and keep track of developments within the AML scope, sanctions, terrorist financing issues, including policies, procedures, regulations, industry best practice, criminal typologies and developing trends.

Maintain strong working relationship with internal stakeholders to ensure that compliance issues are regularly discussed and addressed

Deputize for the MLRO role in the bank.

Transaction Monitoring and Reviews

Implement adequate AML and CTF controls to ensure that all possible areas of AML & CTF concerns are covered.

Perform regular reviews of all AML & CTF controls to assess effectiveness. This includes;
Sanction and Politically Exposed Person (PEP) screening program

Transaction monitoring program

Customer and Enhanced Due Diligence program

Suspicious Activity Reporting (SAR) management program

Adverse Media mentions review program

Investigative orders management program

Perform detailed analysis to detect patterns, trends, anomalies and schemes in transactions and relationships across bank’s processes/ customers/ products.

Assist to develop and implement a detailed work plan to ensure regular review of compliance with approved AML/CFT policies and procedures of the Bank through on-site and off-site reviews of business units and departments on a risk basis.

Reporting:

Assist in developing Board reports, Management and adhoc reports

Prepare standard and ad-hoc data reports to regulators and other stakeholders as may be required and within stipulated timelines.

Ensuring that Regulatory returns are compiled and submitted within the required timelines.

Any other duties as deemed necessary by the supervisor.

Academic Background

Bachelor’s Degree in Business related course.
Anti-Money Laundering Certification

Work Experience

At least 5 years’ experience in AML in a regulated institution, preferably in a financial institution.

Skills & Competencies

Knowledge of money laundering techniques and regulations

Knowledge of regulatory compliance requirements and risk management principles

Demonstrable analytical skills and experience in working with and analyzing large volumes of data

Good knowledge of payment services and operations

Good Organizing and planning skills

Results oriented, effective communicator and a team player eager to learn and share experiences

Proficiency in Microsoft Office Applications

Report writing skills

Professional Certification

Certified Public Accountant CPA(K)

Certification in a professional association such as the Association of Certified Anti-Money

Laundering Specialists (ACAMS) would be a distinct advantage.

How to Apply

For more information and job application details, see; Sidian Bank Manager – Compliance Jobs in Kenya

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