The Financial Reporting Centre (FRC) (Kenya’s Financial Intelligence Unit) is established under section 21 of the Proceeds of Crime and Anti-Money Laundering Act, 2009. The FRC is an independent body whose principal objective is to assist in the identification of the proceeds of crime and combating money laundering. The FRC became operational on April 12, 2012.
REF: CL/03/2020 – MANAGER, COMPLIANCE AND REGULATION, FRC GRADE 3 ONE (1) POST
The Manager, Compliance and Regulation will report to the Director, Compliance, Legal and External Relations
Duties and Responsibilities:
- Providing leadership in development and implementation of policies, strategies guidelines and procedures to ensure compliance with the Act;
- Overseeing registration of reporting institutions;
- Overseeing surveillance and inspections of the reporting institutions to ensure compliance with the Act;
- Ensuring development of compliance programmes and tools;
- Overseeing investigations undertaken by the Centre under the Act;
- Liaising with regulators, supervisory bodies and professional associations to ensure sector compliance and reporting;
- Providing advisory services on compliance and regulation to stakeholders;
- Overseeing prudent utilization of resources and assets assigned to the department;
- Ensuring a safe and secure working environment in the department;
- Contributing to AML/CFT awareness and training;
- Managing risks in the department;
- Approving departmental work plans, programmes and budget;
- Development of departmental staff and ensuring succession management;
- Ensuring that departmental targets are achieved and staff are appropriately appraised;
- Mentoring and coaching of staff;
- Facilitating preparation of periodic management reports; and
- Undertaking any other responsibility as may be assigned and performing such other duties directly related to the main duties or related to the delivery of the output and results expected from a Manager, Compliance and Regulation
Person Specifications
- At least eight (8) years relevant work experience in Anti-Money Laundering or Countering the Financing of Terrorism, five (5) of which must have been in regulatory compliance and in a management position;
- Bachelors’ degree in Law, Business Management, Accounting, Economics, Finance or equivalent qualification from a recognized institution;
- Masters degree in a relevant field from a recognized institution;
- Management course lasting at least four (4) weeks from a recognized institution will be an added advantage;
- Fulfill the requirements of Chapter Six of the Constitution of Kenya; and
- Must be a citizen of Kenya.
Key Competencies and Skills
- Demonstrate strategic and innovative thinking;
- Excellent managerial and leadership skills;
- Demonstrate strong communication and interpersonal skills;
- Strong analytical and reporting skills;
- Conflict resolution skills;
- High level of judgement and integrity;
- Discretion in handling confidential information; and
- Ability to mentor and coach
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