The Job involves enterprise – wide coordination of identification and Management of all Compliance risks and will include propagating ,Monitoring and reporting on Compliance with laws, regulations and internal policies, standard, guidelines and procedures. The role will encompass:Internal Compliance, Regulatory Compliance, AML, CFT Program and correspondent & Respondent Banking relationships.
Responsibilities
Development & timely updating of a Comprehensive Compliance self – Assessments attestations for Branches and Head office Departments in reference to Bank policies, procedures and circulars issued from time to time including the subsidiaries.
Coordinate regular independent compliance reviews as scheduled for Branches and Head office Departments with timely communication of compliance scores to ensure improvement of the Banks Compliance posture by employing a risk-based approach and placing emphasis on High-risk areas.
Development & maintain internal compliance logs across the Bank network and tracking internal non -compliance logs with the key stakeholders and sharing status reports with the Compliance Manager.
Development and continuous update of internal database comprising of Bank policies, Procedures ,circulars and new guidelines issued from time to time for compliance tracking purposes.
Develop and ensure maintenance and up to date robust system for tracking existing, new laws andregulations, interpreting the impact of this laws and mapping them against current policies and procedures in liaison with the relevant departments.Ensure that the Bank and its local subsidiaries comply with all the relevant legislations and regulations.
Coordinate regular regulatory compliance reviews for acts, legislations & CBK Prudential guidelines as scheduled with timely communication of findings and advise on the Banks regulatory Compliance posture risk,tracking closure actions and escalate long outstanding items.
Maintain and regularly update a regulatory compliance issues database with compliance findings by regulator and auditors and from internal reviews, tracking closure actions and escalating long outstanding items to the Compliance Manager.
Provide advisory and recommendations across the Bank network on compliance and financial crime matters towards advancing business objectives while meeting legal and regulatory requirements.
Develop the Annual Compliance Work Plan / Program that will guide in evaluating the Bank and its subsidiaries vulnerability to breaches of legal and regulatory standards by Proactively identifying ,Measuring and assessing all the compliance risks in liaison with the Compliance manager.
Carry out AML/ CTF/PF risk assessment on new /enhanced products, services and channels,annually carry out Comprehensive AML Risk Assessments in liaison with the Compliance Manager and file the report with the regulator.
Promote a strong internal control environment including, but not limited to, assisting in providing a clear definition and understanding throughout the Bank/local subsidiaries of what constitutes compliance risk events and apprising senior management and Business Units on various elements that impact risk and compliance.
Support the development and delivery of Compliance risk training programs across the Bank and subsidiaries to the standards defined by the Compliance plan. Maintain strong working relationship with internal stakeholders to ensure that compliance issues are regularly discussed and addressed
Ensure timely preparation and circulation of required periodic compliance and Financial crime reports to Management and Executive Committees in liaison with the Compliance Manager i.e Board reports .
Formulate training programs on KYC/AML/CFT/PF and conduct annual trainings across the Brank network i.e KYC/AML/CTF as well to increase compliance knowledge across the Bank network through release of Compliance Bytes to all staff.
Management of Correspondent Banking relationships and respondent Banking relationships entailing completion of AML/CTF/PF Questionnaire for Correspondent clients.
Formulation, Coordination and working closely with relevant stakeholders to ensure that all regulatory reports have been filed with all the relevant authorities. i.e CBK, FRC and in time to avoid fines and penalties.
Ensure compliance with the AML/CFT regulatory framework, AML/CFT Program put in place to Handle the management and execution of second line monitoring and assessment program for Anti-Money Laundering/Counter-Terrorism Financing (AML/CTF).
Review the investigations on “Red flags”, escalate suspicious, dubious & or fraudulent names/accounts &/or transactions across the Bank network and report to the MLRO.
Preparation of Daily, Weekly, Monthly, Quarterly and Annual reports to the regulator and competentauthorities in liaison with the Compliance Manager . i.e CTR reports, STR & SAR reports.
AML daily alerts Management and timely reporting of Suspicious transactions and activities to MLRO and assisting in ensuring detailed and prompt investigations on all AML/CFT/PF incidents and cases.
Review compliance policies and procedures on a regular basis to ensure they comply with statutory and regulatory requirements i.e POCAMLA & POTA.
Qualifications
Statement regarding minimum educational and experience qualifications, required proficiencies with specialized knowledge, required certifications
Degree in a relevant field with preference in Accounting / Finance / Management/ Business/ Law
Certified Professional qualifications, CPA, CISA, CFA, ACCPA, ACAMS or other relevant professionals will be an added advantage
At least 4 years hands-on experience in managing banking operations/business development with at least 2 years at a supervisory level.
Good communication skills, both written and verbal.
Demonstrated high integrity
Ability to tolerate stress and achieve objectives despite difficulties
Extensive regulatory knowledge (Local and international AMLCFT regulations, FATCA, CRS etc
Apply via :
www.kingdombankltd.co.ke