Kenya Commercial Bank Limited is registered as a non-operating holding company which started operations as a licensed banking institution with effect from January 1, 2016. The holding company oversees KCB Kenya – incorporated with effect from January 1, 2016 – and all KCB’s regional units in Uganda, Tanzania, Rwanda, Burundi, Ethiopia and South Sudan.
The Position:
Reporting to the Head, Compliance & Ethics in Risk Division of the Bank, the Manager will be responsible for ensuring central compliance oversight and surveillance on AML/KYC issues and will support KCB Group and act as the AML liaison contact in Head Office maintaining continuous dialogue and information to all business units on AML/KYC policies and practices.
The role holder will also act as the central business AML systems and support liaison contact for KCB AML/CFT Shared Services, maintaining continuous dialogue, support and information to Business Units on AML/KYC/CFT policies and practices.
Key Responsibilities:
- Act as AML/CFT liaison person in KCB maintaining continuous dialogue and support to business units and Bank Subsidiaries on issues defined in the AML/KYC policies and on Shared monitoring systems.
- Monitoring of sales and new business activities to identify, advice on and resolve any high-risk activities.
- Track and alert on the status and performance of AML/ /CFT Compliance responsibilities across KCB Group.
- Act as the AML System Business System Administrator ensuring effective alert management, review and reporting. Carryout initial review of AML alerts and maintain follow-up for conclusion on AML case management including providing AML system support to users.
- Support the direction, development, maintenance and distribution of AML/KYC awareness and system training & other compliance policy training across the Bank’s units.
- Maintain AML/KYC Compliance risk data collection, analysis and preparing reports with recommendations to mitigate exposures.
- Maintain continuous engagement with Business Units to review and advice on New Products / Channels, Services and Projects, for conformance with AML/KYC and sanctions programs.
- Monitor and report on the daily management of compliance issues at respective units including significant AML, KYC and Sanctions policies.
- Prepare internal & external compliance reports for the Central Compliance Office with regard to external and regulatory compliance issues on AML/KYC.
- Provide compliance risk liaison at peer levels across specialist and risk functions.
- Report suspicious transactions and handle enquiries from Financial Reporting Centre (FRC).
- Coordinate with Business entities and Bank’s Regulator on Anti-Money Laundering related issues.
- Carry out AML Risk Assessments on new / enhanced products, services and channels; periodically carry out comprehensive AML Risk Assessment for KCB Bank Kenya activities/exposures.
Job Requirements:
For the above position, the successful applicants should have:
- Degree from University recognised by Commission for University Education. MBA degree will be an added advantage.
- Anti-Money Laundering Professional Qualification (ACAMS) is required.
- Risk professional qualification (possess at least one of the following: IRM, PRMIA, GARP, RCP II etc.).
- At least 3 years’ experience working with AML/CFT monitoring and screening systems. Experience in AML system implementation will be an added advantage.
- 7 years of General Banking management level experience.
- 5 years managerial experience in AML/CFT.
- Sound knowledge of Bank-wide business functions, Administration and Supervisory skills.
- Good management skills including organizational, communication and problem solving skills.
- Demonstrated high integrity.
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