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DIB Bank Kenya Limited (DIBBKE), is a fully owned subsidiary of Dubai Islamic Bank PJSC (AE) - a pioneering institution that has combined the best of traditional, Shariah values with technology and innovation that characterize the best of modern banking.
Job description
To assist in managing Compliance functions consisting of Regulatory Compliance, AML/ Due Diligence, and Training Compliance controls in accordance with the framework, regulatory & policy requirements so as to enable the Bank to manage the Compliance Risks
Develop and or establish Compliance framework comprising of Charter, Policies & Procedures.
Establish a risk based Compliance Program to identify, measure and assess Compliance risks in Products, activities & processes of the Bank in accordance with the Compliance framework
Ensure adequacy, effectiveness & efficiency of Group Compliance functions & Compliance Controls ( i.e., regulatory Compliance, Financial Security, Market abuse, Suitability, Deontology, Conflict of Interest etc) in accordance with regulatory & policy requirements.
Cause to increase Compliance knowledge of the organization through training and awareness programs
Review the investigations on “Red flags”, escalate suspicious, dubious & or fraudulent names/accounts &/or transactions and report it to senior management & Board Audit Committee.
Report material findings, anomalies & recommendations pertaining to Regulatory & or financial crime related issues to senior management and Board Members.
Have oversight of all compliance monitoring activities
Effectively function as Money laundering Reporting Officer & liaise with Regulator for regulatory instructions, advises and communication for compliance purposes.
Provide guidance & advice to relevant functions within DIB Group towards strengthening regulatory compliance and mitigating Compliance risks.
Ensure participation in relevant committees, reviews and preliminary investigations to consider & highlight Compliance issues/ risks and make recommendations for enhancing compliance controls.
Procure tools & systems as required, for carrying out Compliance functions and specifically financial Security functions (including monitoring and data mining tools for review of transactions).
Required Background:
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