AML Compliance Manager at KCB Bank Kenya

The Position:

Reporting to the Head, Compliance & Ethics in Risk Division of the Bank, the Manager will be responsible for ensuring central compliance oversight and surveillance on AML/KYC issues and will support KCB Group and act as the AML liaison contact in Head Office maintaining continuous dialogue and information to all business units on AML/KYC policies and practices.

The role holder will also act as the central business AML systems and support liaison contact for KCB AML/CFT Shared Services, maintaining continuous dialogue, support and information to Business Units on AML/KYC/CFT policies and practices.

Key Responsibilities:

• Act as AML/CFT liaison person in KCB maintaining continuous dialogue and support to business units and Bank Subsidiaries on issues defined in the AML/KYC policies and on Shared monitoring systems.
• Monitoring of sales and new business activities to identify, advice on and resolve any high-risk activities.
• Track and alert on the status and performance of AML/ /CFT Compliance responsibilities across KCB Group.
• Act as the AML System Business System Administrator ensuring effective alert management, review and reporting. Carryout initial review of AML alerts and maintain follow-up for conclusion on AML case management including providing AML system support to users.
• Support the direction, development, maintenance and distribution of AML/KYC awareness and system training & other compliance policy training across the Bank’s units.
• Maintain AML/KYC Compliance risk data collection, analysis and preparing reports with recommendations to mitigate exposures.
• Maintain continuous engagement with Business Units to review and advice on New Products / Channels, Services and Projects, for conformance with AML/KYC and sanctions programs.
• Monitor and report on the daily management of compliance issues at respective units including significant AML, KYC and Sanctions policies.
• Prepare internal & external compliance reports for the Central Compliance Office with regard to external and regulatory compliance issues on AML/KYC.
• Provide compliance risk liaison at peer levels across specialist and risk functions.
• Report suspicious transactions and handle enquiries from Financial Reporting Centre (FRC).
• Coordinate with Business entities and Bank’s Regulator on Anti-Money Laundering related issues.
• Carry out AML Risk Assessments on new / enhanced products, services and channels; periodically carry out comprehensive AML Risk Assessment for KCB Bank Kenya activities/exposures.

Job Requirements:

For the above position, the successful applicants should have:

• Degree from University recognised by Commission for University Education. MBA degree will be an added advantage.
• Anti-Money Laundering Professional Qualification (ACAMS) is required.
• Risk professional qualification (possess at least one of the following: IRM, PRMIA, GARP, RCP II etc.).
• At least 3 years’ experience working with AML/CFT monitoring and screening systems. Experience in AML system implementation will be an added advantage. 
• 7 years of General Banking management level experience.
• 5 years managerial experience in AML/CFT.
• Sound knowledge of Bank-wide business functions, Administration and Supervisory skills.
• Good management skills including organizational, communication and problem solving skills.
• Demonstrated high integrity.