Summary
Date Posted: Wednesday, September 28, 2022 , Base Salary: Not Disclosed

JOB DETAILS:
Job Purpose
• Responsible for monitoring the bank’s compliance with external and internal regulations, laws, rules, policies and procedures.
• Responsible for controlling and managing all risks related to money laundering, financing of terrorism and compliance with financial embargoes/sanctions.

Responsibilities and Accountabilities
• Regulatory and Statutory Compliance; Ensure reports to the regulators are submitted within required timelines by;
o Ensuring Compliance with due diligence and KYC requirements as per regulatory requirements and international best practice.
o Monitoring banks implementation of CBK prudential guidelines.
o Ensure timely submission of CBK, FRC, FATCA, UFAA, Group reports and other regulatory reporting requirements.
o Ensuring that any new and amendments to the relevant laws and regulations are communicated and implemented
o Correspondent banking; Compliance with internal and external requirements on correspondent banking KYC;
 Annual review of KYC documentation with correspondent Banks and other counterparties.
 Facilitate responses to correspondent Bank AML and KYC queries.
• Screening and Monitoring ; Ensure daily monitoring, screening and blacklisting of alerts as appropriate by ;
o Reviewing and treatment of alerts triggered by the Various screening and monitoring systems put in place including Core Banking system and triggers from other manual processes.
o Managing the various blacklists.
o Identifying and reporting of suspicious transactions/activities.
• Research on compliance related matters; Participating in research of compliance related matters.
• Participate in Training and development of compliance related matters to stakeholders:
o Carrying out training and awareness actions related to compliance areas for the Bank staff.

Minimum Requirements
Work Experience
• Minimum 3 years’ banking experience in compliance or risk department with a good understanding of Bank policies, procedures, and external regulations.
• Demonstrated expertise and in-depth knowledge in Banking Operations and Controls.
• Demonstrated expertise and in-depth knowledge in AML/CFT and KYC Controls
• Good understanding of Central Bank Prudential guidelines, Basel Rules, Banking Act, IFRS and other relevant statutes in Banking.
• Evidenced knowledge and understanding of the current banking and financial services operating environment, trends, and practice, related regulatory and governance guidelines and requirement, and applicable laws.
Academic & Professional Qualifications
• University Degree in Business or related field such as Economics from a recognized institution.
• Certifications in ACAMS, CPA, CFE or any relevant profession is added advantage.


Work Hours: 8

Experience in Months: 36

Level of Education: Bachelor Degree

Job application procedure
Send your current CV and brief application letter to recruitment@boakenya.com 

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