AML Officer - Faulu at Old Mutual Kenya

Introduction...

The job holder will assist in Money Laundering, Know Your Customer & Financing of Terrorism risk identification, measurement, monitoring, management and reporting in line with Faulu Microfinance Bank Compliance Policy and Old Mutual Group compliance requirements.

Minimum Requirements...

• Business or Law degree
• Experience in a Banking environment either in Branch, Head Office, Controls functions or Operations is an added advantage
• 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
• Sound independent judgment
• Attention to detail
• Keen follow up
• Ability to take initiative and follow through on defined tasks

Job Specification...

• Development of process flows and procedures for adequacy of AML, KYC & CFT Risk management.
• Prepare management reports in line with the results of the transaction monitoring as well as sanctions screening to support enhancement of the risk assessment framework.
• Conduct review of designated 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 transaction monitoring and continuous management of monitoring thresholds in the AML system.
• Preparation of Suspicious Transaction Reports in line with review of screening & monitoring alerts in the AML system.
• Participation in assigned meetings as a representative of the Compliance unit.
• Provide advisory to all staff on all AML, KYC, CFT and Sanctions matters in the Bank.
• Liaison with Bank staff to conduct enhanced due diligence on customer transactions.
• Perform other duties as assigned by the Compliance Manager or Head of Risk & Compliance.