CoE LEAD / HOD– AML(MLRO)Money Laundering Reporting Office at Safaricom Kenya

Job Description

Reporting to the Cluster Lead/Chief Corporate Security Officer the position holder's overall purpose will be to:

• Lead the organization’s anti money laundering (AML), counter terrorist financing (CTF)and counter proliferation financing (CPF) operations. 
• Ensure that M-PESA and any other qualifying service offered by the organization is/are compliant with provisions of POC & AML Act 2009 and related legislation.
• Ensure that the subscriber network is compliant with applicable legislation governing subscriber registration. 
• Ensure that agent, staff and supplier due diligence is in compliance with the AML/CPF/CTF Regulations 
• Ensure controls are in place to prevent the M-PESA service and related products from being used by criminals to launder money, fund terrorism, or commit other crime.

Responsibilities

Overall Responsibilities and Accountabilities 

• Ensure the business has the appropriate level of controls to meet local and group policies as well as local and international regulatory AML/CPF/CTF requirements.
• Maintain a detailed knowledge of current AML/CFT/CPF regulations, legislation requirements, as well as future developments within the AML, CFT& CPF space and update Safaricom’s internal AML/CFT/CPF policies and procedures as appropriate.
• Assess the effectiveness of AML and CTF controls within the business – (Mpesa, Sub registration, Agent Staff and Supplier Due Diligence)
• Assess the effectiveness of the AML team’s Sanction and Politically Exposed Person (PEP) screening program.
• Assess the effectiveness of the AML team’s transaction monitoring program.
• Assess the effectiveness of the AML team’s Suspicious Activity Reporting (SAR) management program and ensure compliance with regulatory reporting requirements.
• Develop and maintain an effective sanctions/watch list screening process based on international and local watch-lists.
• Develop and maintain an effective AML and KYC training program across the operation function.
• Develop and maintain a team of analysts and AML professionals ensuring adequate cover, and succession planning.
• Own the SAR reporting, Sanction/PEP Screening, transaction monitoring and training requirements.
• Produce annual reports and biannual updates to senior management detailing the activities and effectiveness of the AML team, company controls and significant breaches of AML defences and make recommendations for remedial action. 
• Develop and manage regular reporting of AML issues to the Financial Reporting Centre and the Regulator as stipulated in POC and AML act or as per regulatory requirements.
• Develop and maintain a Proactive AML risk assessment policy with clear advice to business on KYC requirements, AML risks and mitigating controls.
• Follow-up of implementation of recommendations made by the annual Vodafone AML audit team or any other regulatory audit.
• Strengthen the AML Function by maintaining and developing a strong working relationship with appropriate bodies including LEAs, Regulators, other MLROs, business and financial industry partners and AML professionals etc. are addressed.

Qualifications 

• Bachelor’s degree in law / Business or Technical field 
• AML Qualification-Diploma level/CAMS/CFE Professional certifications
• An experienced AML professional with 7 or more years’ experience at Least 3 of which should be in AML and/or financial crime compliance in a financial institution or similar organizations.
• Highly developed knowledge of techniques to identify indicators of money laundering, terrorist financing and financial crime prevention and investigation techniques, legislation, and regulations.
• Thorough in work with a high level of attention to detail with a keen mind and positive outlook. 
• Demonstrable data analytics skills 
• Knowledge of Mobile Money and financial services is essential.
• High degree of personal integrity
• QA/Audit experience – Desirable
• Experience of policy and procedures development and implementation
• Ability to influence senior management, and act autonomously where required