Assistant Manager, KYC/ AML Compliance, Job in Kenya - SBM Bank

Assistant Manager, KYC/AML Compliance 

JOB SUMMARY:

To
ensure that the Bank adheres to and is compliant with the laws, regulations and
best practices pertaining to the conduct of Customer Due Diligence, Anti-Money
Laundering e.g. the Proceeds of Crime and Anti-Money Laundering Act 2009 (and
subsequent amendments), CBK Prudential guideline /PG/08 Proceeds of Crime and

Money
Laundering (Prevention) and Combating the Financing of Terrorism etc.

Key Responsibilities

To undertake Customer Due
Diligence (CDD) as per the Law, Prudential Guidelines and the Bank’s KYC/AML
Policy – 35%

To
review customer KYC/AML documentation and ensure that all the requisite
documentation as per the KYC/AML standards/checklist has been provided and that
the information contained therein is comprehensive and consistent;

To
ensure that adequate customer KYC/AML records are maintained for all the Bank’s
customers as required by law;

To
prepare and maintain case management reports for all customers whose KYC/AML
files they have reviewed;

To
screen all clients at the point of on-boarding against known sanction lists,
Internal blacklists and PEP databases;

To
undertake customer risk profiling as per the Bank’s KYC/AML policy;

To
undertake regular money laundering/terrorism financing risk assessment;

To
assist in updating and maintaining internal blacklists against which customers
are screened;

To
conduct Enhanced Due Diligence (EDD) on customers classified as High Risk as
per the Bank’s risk calculator.

To
perform other duties as may be assigned by the management.

Transaction monitoring and
reporting of large cash transactions (CTRs) and suspicious transactions (STRs)
to the Financial Reporting Center (FRC) – 30 %

To
review and analyse customer transaction reports on a regular basis with a view
to identifying split cash transactions, large cash transactions and or any
suspicious transactions for purposes of reporting to the Financial Reporting
Centre (FRC;

To
follow up on alerts flagged by the AML monitoring tool and to document action
taken to close the matters arising;

To
prepare and maintain reports (register) on all split transactions, large cash
transactions and suspicious transactions identified;

To
request for additional supporting documentation or obtain explanations for
transactions that are identified or flagged as suspicious by the automated
transaction monitoring system.

Development,
Implementation and Enforcement of the Bank’s KYC/AML Programme – 7.5%

To
participate in the development, implementation and enforcement of the Bank’s
Know Your Customer (KYC)/Anti-Money Laundering (AML) compliance programme.

To
participate and contribute to the development and enhancement of the Bank’s
KYC/AML Risk Calculator;

To
track and ensure that the agreed Turnaround Times (TATs) and Service Level
Agreements (SLAs) agreed with other departments in the Bank are monitored and
adhered to.

Leadership &
Stakeholder Engagement – 7.5%

To
participate and assist management in promoting a culture of compliance with
KYC/AML laws, regulations and policies in the bank through induction and
conducting of regular training and sensitization sessions;

To
develop, implement and maintain a framework for the conduct of Know Your Customer
(KYC)/Due Diligence and enforcement of the Bank’s Anti-Money Laundering (AML)
compliance programme;

To
actively participate in industry forums and workshops so to keep abreast with
new developments, best practices and/or changes in the laws and regulations
related to KYC and AML;

To
coordinate and respond to inquiries or requests for information on the Bank’s
KYC/AML programmes from the Regulator, Correspondent Banks and other interested
parties.

Reporting – 20%

To
prepare and submit weekly activity reports;

To
prepare and maintain an up to date customer risk profiles register;

To
update and maintain a register of all client’s classified as Politically
Exposed Persons (PEPs);

To
prepare and submit statutory / regulatory reports as required by the regulator
with regards to KYC/AML;

To
prepare and maintain up to date KYC/AML compliance risk assessment reports as
directed by the Manager ;

To
assist in the preparation of papers for the Management and Board giving updates
on the status of compliance with the laws, regulations and policies related to
KYC/AML.

KEY RELATIONSHIPS:

Direct Reports to this
Position:

KYC/AML
Senior officer/Officers

Customers of this Position:

Board
Risk Committee (BARC)

Executive
Management Committee (EXCO)

Operational
Risk Committee (ORCO)

All
Branches and Departments

Knowledge; Skills and
Experience 

At
least five years’ experience in a banking environment, working in a similar
role and with sound exposure

and
knowledge of KYC/AML Laws Regulations and Best Practices.

Bachelors’
Degree and a Post Graduate Degree

Competencies 

Leading
teams

Working
with people

Creating
and Innovating

Delivering
results and exceeding customer expectations

Planning
and Organising

Learning
and Researching

Writing
and Reporting

How to Apply

CLICK HERE TO APPLY.