Description
Perform risk assessments for new and on-going International Banking projects for purposes of ensuring compliance to relevant country, regional and global regulations and guidelines.
Ensure efficient identification, monitoring of suspicious activities/transactions, and build case files for the transactions deemed suspicious and escalate the findings to management.
Conduct annual review of thresholds, scenario fine tuning and improvement for transaction monitoring and screening
Ensure completion of AML questionnaires and document requests from correspondent clients and counter parties.
Identify and continuously assess risk for all new and existing International Banking Department and subsidiaries and Money Transfer functions
Reviewing new and existing partnership contracts and identify all potential risks and establish if they are in line with the risk appetite of the business.
Develop robust key risk indicators to serve as an early warning indicators of increased risk, with appropriate risk threshold levels to provide sound platform for the effective monitoring of risk exposures
Inculcate the right risk culture across the International Banking function in the subsidiaries by ensuring appropriate accountability for risks at first line of defence level through training, awareness, escalation and reporting and ensuring that the training materials for AML/CFT are applicable and up-to-date.
Support Management with the effective implementation of the Enterprise Risk Management (ERM) Framework to be able to establish an effective risk-based system to identify, measure, monitor, control and report the Diaspora subsidiaries and Money Transfer functions wide risk.
Assist in AML/CFT query management from our partners and correspondent banking relationships by addressing internal queries (from within the Diaspora subsidiaries and Money Transfer functions) and external queries (from financial institutions and regulators) relating to money laundering matters.
Be the business continuity and disaster recovery champion working in liaison with the risk department to come up with strategies and solutions and conduct regular mock-disaster exercises to ensure its ability to operate on an ongoing basis and limit losses in the event of any business disruption
Conduct Enhanced Due Diligence (EDD) and KYC for the identified higher risks relationships and train the team on EDD and KYC.
Enhance collaboration within Equity Bank subsidiaries and partners on KYC, AML, and sanction issues using the latest technologies to enable prevention, detection, fraud or financial crimes through amalgamation of client data for streamlined and secure processes.
Sensitize stakeholders at strategic and operational levels of Equity Bank Group on the International Banking regulations and processes accordingly and subsequently recommend enhanced training opportunities.
Ensure that the various units of International Banking are trained and advised on the product risks accompanying their business projects, including creation and overseeing the activities of a joint product risk committee.
Develop, review and update policies and procedures for International Banking and cascade the same to all the subsidiaries for implementation and monitor their implementation.
Maintain a broad knowledge of products and product features by working closely with partners, subsidiaries and the Enterprise Risk Management departments in Equity Bank group and subsidiaries.
Determine and recommend system security improvements to enable compliance with best practice system risk & security requirements and global General Data Protection Guidelines, GDPR.
Build relationships with the Bank’s internal departments and management to allow for successful collaboration in mitigating exposures that are a threat to International Banking and the bank’s objectives.
Perform follow-up and support closure of compliance and risk related audit findings.
Represent the bank as when required at various levels and platforms both locally and internationally to support the departmental objectives.
Qualifications
Bachelor’s degree in a business management discipline or related field from a reputable institution is preferred with a post graduate training in Financial services, Risk Management and or compliance as an added advantage.
Minimum of 2 years’ experience in KYC and AML Compliance in a regional commercial bank, in a busy organisation, with strong understanding of overall banking operations, systems, and processes.
A minimum of 1 years experience in interaction with banking systems in the risk management or controls front.
Experience in working within a big-data analysis environment with the use of SQL /advanced Excel etc.
Apply via :
equitybank.taleo.net
