Senior Manager, Business CFCC Risk Assessments & Governance at Equity Bank Kenya

The role supervises the CFCC Risk Assessments & Governance unit to deliver Compliance, Financial Crime & Conduct (CFCC) risk assessments which are critical to identify, assess and mitigate risks related to CFCC. Additionally, the role is responsible for packaging and reporting activities carried out by the other units within business compliance by submitting periodic reports to the GM-Business CFCC and other relevant governance committees. Furthermore, the role holder ensures timely and effective delivery of CFCC training across the Bank’s business units so that all the stakeholders always remain aware of CFCC Risks and the mitigation strategies as well as maintaining relevant Policies and Procedures relating to CFCC.

Key Responsibilities: 

• Provide leadership to deliver effectiveness in the management of Change Governance & Reporting. 
• Lead the delivery of CFCC Risk Assessments in the areas that include Products, Channels & Geography Risk Assessments; Customer and Third-Party Risk Assessments and FC Group Risk Assessments (GRA).
• Ensure that Risk and Controls Self Assessments (RCSAs) for 1LOD CFCC Controls are carried out to keep track of the controls against Compliance, Financial Crime & Conduct (CFCC) risks.
• Coordinate the actions related to Sanctions Risk Reviews escalated from business units within the bank.
• Manage sensitive & high-risk clients and/or transactions escalation requests including PEPs and ensure PEP register is always and timely updated whenever new PEPs are identified.
• Oversee the implementation of CFCC procedures, monitoring, enforcement and breach escalations.
• Continuously maintain an understanding of policies, processes, procedures and systems with a view to find better ways to execute tasks, improve systems, improve training material and improve CFCC Risk Assessments and Governance activities.
• Coordinate delivery of a comprehensive CFCC training program across the bank.
• Proactively carry out research and horizon scanning.
• Coordinate the management of Inspections/Audit actions and findings.
• Collaborate with the Banks 2LOD compliance to address large scale or sensitive financial crimes, as they relate to specific requests issued by the FRC and any other regulators.
• Ensure timely preparation and circulation of required periodic compliance and financial crime reports to Regulators, Management and Executive Committees, the Board and the Board Audit and Risk Committee (BRAC).

 Qualifications, Experience

• Bachelor’s Degree
• Professional certifications such as CAMS (Certified Anti-Money Laundering Specialist) or a Diploma in AML Compliance will be an added advantage.
• At least six (6) years’ experience in risk management and compliance with a minimum of three (3) years at management level.
• Strong understanding of Kenyan banking laws and regulations, including POCAMLA, CBK guidelines, and international standards like FATF.
• Demonstrated knowledge in conducting in-depth reviews and CFCC risk assessments.
• Demonstrated knowledge of developing, reviewing and updating CFCC related frameworks, Policies and Procedures.
• Knowledge in managing risks related to Financial Crimes, Regulatory compliance, and Conduct.
• A good understanding of Sanctions Compliance and Controls.
• Strong understanding of Financial Crimes automated solutions