MONEY LAUNDERING REPORTING OFFICER

Overview

Position: MONEY LAUNDERING REPORTING OFFICER

Reports to: RISK AND COMPLIANCE MANAGER

Dedline: 4th JULY 2021

Terms: ONE YEAR RENEWABLE CONTRACT

Location: NAIROBI

Responsibilities

PURPOSE OF THE POSITION:

To support the Head of Risk and Compliance in implementing AML functions / risk and compliance management activities.

KEY PERFORMANCE AREAS:

• Embedding Risk and Compliance and AML Framework
• Coordinating and implementing the BCP initiatives
• Ensuring that staff are aware of their AML/CTF personal obligations and sign-off an undertaking confirming having read and understood AIK’s policy on AML/CTF

KEY RESPONSIBILITIES

• The MLRO shall act as the AIK’s Money Laundering Reporting Officer (MLRO).
• Monitoring transactions in light of AML and identifying suspicious transactions and reporting to the regulatory
• Monitor, review and co-ordinate the implementation of the anti-money laundering and combating financing of terrorism compliance program;
• Perform further investigation on identified suspicious client and client’s transactions.
• Periodically evaluate existing clients and agents according to established compliance with regulations, policies and procedures.
• Provide continuous training to the staff and agents on regulatory issues pertaining to AML/CTF
• In liaison with Human Resource department ensure KYE controls are applied before and after hiring employees.
• Act as a liaison officer for the regulator and external agencies and a point of contact for all employees on issues relating to money laundering and financing of terrorism prevention, investigation or compliance
• Conduct risk assessments on processes, products, services, distribution channels, systems, transactions and report on finding to Head of Risk and Compliance.
• Coordinate the Business Continuity Tests periodically
• Handle other duties as assigned to assist with the effective administration of the AML and KYC

Education

•  Bachelor’s degree in a Business related filed

Additional education

• Bachelor’s degree in a Business related filed from a recognized institution.
• Professional Certification in CPA, ACCA, CFE, CIA, or CISA

• Professional Certification in AML/CFT and Compliance will be an added advantage

Experience

Additional experience

• 4-5 years’ experience working in a financial institution e.g. insurance, bank, money exchange, investment banks e.t.c
• 2-3 years’ experience in internal audit, risk, investigation or compliance.
• Experience in conducting AML control activities including but not limited to AML monitoring and screening, risk profiling and assessments, filing of suspicions transactions to the regulator.

Skills

• Interpersonal skills
• Planning
• time management

Additional skills

• Good understanding of AMLCFT regulatory policies with the ability to apply regulatory concepts in the day to day job functions.
• Ability to work independently and also to liaise with other departments
• Good interpersonal skills and a team player
• Good planning and time management/prioritization skills
• Sense of urgency/ability to work well under pressure
• Excellent communication and presentations skills
• Exceptional research and analytical skills with the ability to analyze data and decipher high risk attributes.
• Attention to details and industry awareness on compliance matters

Terms and conditions

All applications should be submitted by 4th July 2021