The role is to assist in Money Laundering, Know Your Customer, Financing of Terrorism & Proliferation Financing risk identification, measurement, monitoring, management, and reporting in line with Faulu Microfinance Bank Compliance Policy and Old Mutual Group Compliance requirements.
KEY MEASURABLE GOALS
Continuous monitoring of the evolution of the Bank's Money laundering, financing of terrorism & Proliferation Financing risk through periodic update of the Bank's AML/CTF/CPF Compliance key risk indicators.
Assist in periodic review of the Bank's AML, KYC, CTF & CPF policy and Sanctions Compliance policy in line with the Bank and Group requirements
Review of process flows and procedures for adequacy of AML, KYC, CFT & CPF Risks management
Conduct periodic review and monitoring of the Bank's AML, CFT, CPF customer, product, process, and geographical risk assessment framework.
Conduct review of designated Very High Risk customer account opening files for approval by Management
Conduct daily transaction sanctions screening in line with set parameters and management of screening blacklists
Conduct daily AML, CFT, CPF transaction monitoring and continuous management of monitoring thresholds.
Administration and management of KYC Returns
Review of AML, KYC, PEPS, CFT & CPF findings from reports and monitor resolution progress
Conduct AML, CFT & CPF Risk Assessment on Bank counterparties
Completion of AML, KYC ,CFT & CPF risk questionnaires issued on the Bank
Conduct AML, CFT & CPF Risk assessments on new products, geographical areas or any other risk profile
Assist in roll out of new AML, CTF & CPF related regulatory releases
Assist in follow-up for implementation of AML, KYC, CFT & CPF Audit recommendations
Administration of internal and regulatory AML, CTF, CPF reporting including Suspicious Transaction Reporting, Cash Transaction Reporting and Annual Compliance Reporting
Preparation of Monthly and Quarterly Management reports on AML, KYC, CFT & CPF Risk
Participation in assigned meetings as a representative of the Compliance unit
Provide advisory to all staff on all AML, KYC, CFT, CPF and Sanctions matters in the Bank
Perform other duties as assigned by the Compliance Manager or Head of Risk & Compliance
Education
Bachelors Degree in Business related / Law degree
Desirable
ACAMS or similar AML certification.
Knowledge and Skills
Open minded and solution oriented.
Ability to influence with good negotiation skills.
Good communication and interpersonal skills.
Good Analytical skills.
Proficiency in report writing.
Ability to take initiative and follow through on defined tasks
Possess high levels of integrity.
Advanced computer skills in MS Office
Experience
At least 3 years in AML / CFT / CPF operations.