Anti – Money Laundering and Know Your Customer (AML & KYC) Analyst

About

Kingdom Bank is a subsidiary of the Co-operative Bank of Kenya, following its acquisition of Kingdom Bank in August 2020. We are now part of a Group with over Kes. 457 Billion total assets and Kes 20.7 Billion profit before tax as at 31 December 2019.

Anti – Money Laundering and Know Your Customer (AML & KYC) Analyst

• Job Type Full Time
• Qualification BA/BSc/HND
• Experience 2 years
• Location Nairobi
• Job Field Banking

The purpose of the AML & KYC analyst is to perform AML/CFT compliance functions and reviewing KYC. Such functions include implementing the Bank’s AML/CFT compliance program, conducting investigations, analysis and responding to Money Laundering/ Terrorism Financing (ML/TF) cases, identifying points of compromise and potential loss. The AML & KYC analyst is also responsible for ensuring efficient identification, monitoring and timely reporting of suspicious activities and transactions across the Bank network.

Responsibilities

• Implement adequate AML/CTF/CPF controls to ensure that all possible areas of AML/CTF/CPF concerns are covered.
• Perform ongoing Sanctions and Politically Exposed Persons (PEP) screening reviews, investigate alerts, and escalate potential matches in accordance with established procedures
• Support the administration and effectiveness assessment of the transaction monitoring programme, including the review, analysis, and resolution of generated alerts
• Manage and support the Suspicious Activity/Transaction Reporting (SAR/STR) process, including case investigation, documentation, escalation, and regulatory reporting via the transactions monitoring tool
• Conduct Adverse Media and Negative News reviews on customers and related parties, assessing potential financial crime and reputational risks
• Coordinate and manage responses to investigative orders, regulatory inquiries, law enforcement requests, and other information requests from competent authorities
• Monitor incoming and outgoing funds from AML/CTF and ensure no undetected non- compliant funds are received via the sanction screening system.
• Obtain supporting documents, review, and approval of SWIFT/RTGS incoming from funds received from Government institutions including parastatals.
• Collect documentary proof, build, maintain case files for transactions deemed suspicious and ensure effective record keeping in line with Proceeds of Crime and AML (POCAMLA) regulations 2013.
• Assist in implementing a bank-wide AML/CTF/CPF program through risk awareness training program for all staff especially on identification and reporting of suspicious transactions
• Maintain detailed knowledge of current AML/CTF/CPF regulations and keep track of developments within the AML/CTF/CPF scope, sanctions, terrorist financing issues, including policies, procedures, regulations, industry best practice, criminal typologies and developing trends.
• Prepare weekly, monthly and quarterly reports on the state of AML/CTF/CPF program to the MLRO
• Monitor and track closure of management actions from the compliance reviews, regulators’ and internal & External auditors’ reports.
• Coordination of KYC renewal of Clients categorized as High, Medium, and Low and ensure that a customer’s profile is up to date in liaison with Manager compliance, Business Development and Operations department
• Preparing Daily/ Monthly /Quartey / Annual reports on transactions Monitoring, AML alerts and report for potential suspicious activity
• Conduct internal AML/CTF, ABC and KYC trainings as provided by CBK Prudential Guidelines through face to face and online activities.
• Performing Enhanced Due Diligence (EDD) measures for High- Risk customers i.e., PEPs, POIs.
• Monitoring compliance with internal policies, procedures, and guidelines by performing regular and comprehensive compliance assessments and testing.
• Monitoring compliance with CBK Prudential Guidelines, ACTS and Legislations by performing regular and comprehensive compliance assessments and testing.
• Maintain and regularly update a compliance issues database with compliance findings by regulator and auditors and from internal reviews, tracking closure actions and escalate long outstanding items to Compliance Manager

Qualifications

• Statement regarding minimum educational and experience qualifications, required proficiencies with specialized knowledge, required certifications

• A Bachelor’s degree preferably in a business related field from a recognized University

• At least 2 years’ banking experience

• Monitor and track closure of management actions from the compliance reviews, regulators’ and External auditors’ reports.

• Possession of Anti-Money Laundering diploma or Professional certification with an organization, such as the Association of Certified Anti-Money Laundering Specialists (ACAMS), will be a distinct advantage

• Superb data analysis skills coupled with ability to organize and analyze complex data sets

• Ability to easily grasp and comprehend AML risks in the bank and to develop user requirements as well as recommend automated solutions to mitigate those risk

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