Analyst – Payments and Name Screening at DIB Bank Kenya Limited (DIBBKE)

Job Purpose

• This role is to ensure that alerts generated against the Customers (ETB/NTB) and bank SWIFT/RTGS/EFT payments and messages (inward/outward) against the (local/international) sanctions lists, internal watchlists are reviewed. The role requires the alerts to be evaluated wherever a risk is identified.

Key Responsibilities

• Investigating potential sanctions breaches and reporting findings to senior management and relevant regulatory bodies.
• Conducting sanctions screening and analysis of customers, transactions, and third parties to detect potential sanctions risks or violations.
• Analyzing and investigating the system and manual alerts and ensuring necessary actions are taken within the TAT.
• Escalation of true matches to the line manager or team leader immediately, in line with the department standards.
• Conducting regular reviews and enhanced due diligence of correspondent banks to identify and mitigate money laundering and terrorist financing risks.
• Facilitating correspondence and responses on compliance matters with correspondent banks and regulators.
• Annual review and monitoring of KYC documentation with correspondent banks and financial institutions, ensuring due diligence and compliance with regulatory requirements and internal policies. Facilitating responses to AML and KYC queries from correspondent banks and counterparties to maintain clear compliance communication.
• Ensuring compliance with internal and external regulatory requirements such as POCAML-R, POT-R, OFAC, UN, UK & EU sanctions, and other relevant banking regulations.
• Initiating RFIs, follow-up with the relevant business/RM and making sure all alerts are attended within the agreed TAT. Working with business units to resolve account opening issues and ensuring continuous CDD reviews and validations during customer onboarding and periodic reviews.
• Highlighting issues during the day-to-day operations (i.e. system, documentation, etc.) as well as suggesting resolutions to the team lead;
• Reviewing and implementing sanctions compliance policies and procedures tailored to the organization’s operations.
• Reviewing and updating sanctions risk assessments regularly to identify and mitigate potential legal and financial risks.
• Reviewing and updating internal blacklists on a daily / periodic basis in line with AML/CFT guidelines.
• Completion of daily target assigned by the team lead without failure in timeliness and efficiency; Ensure compliance with the approved policies, procedures, SLAs and regulatory requirements to maintain quality standards and ensure risk mitigation.
• Ensure all assigned tasks and projects are executed within the approved policies, procedures and SLAs of the department.
• Collaborating with internal departments such as HR, risk management, credit and Operations teams to raise awareness and provide training on sanctions rules and changes in regulations.
• Serving as a back-up to other staff members within name & transaction screening function.
• Maintaining documentation and audit trails for compliance assurance verification and regulatory inspections.

Job Specification

Education 

• Bachelor’s Degree in Business. A Professional qualification in Audit and Compliance is desirable
• Work Experience    Minimum 2-3 years’ work experience in Compliance and/or Compliance Operations/ Internal Controls

Competencies 

Behavioral:

• Think & Act Customer, Business & Strategic Acumen, Ownership & Accountability, Digital Mindset, Change & Innovation Agility, Plan & Execute to Excel. Core technical (knowledge and skills): Analytical Ability Compliance Policy design and development Governance and Risk Management Sanctions Compliance Management Anti Money Laundering Risk Management