Job Opportunities at DIB Bank Kenya Limited (DIBBKE)

Job Purpose

The Analyst Transaction Monitoring will be primarily involved in detecting, investigating, and reporting suspicious financial transactions to prevent money laundering, terrorism financing, and other financial crimes. This role will be responsible for the Implementation/Tuning/Enhancement of detective controls for AML Transaction monitoring as well as assisting in developing preventive controls for mitigating risks as per Group/Regulatory policies and procedures. Additionally, he /she will safeguard the Bank by ensuring it does not become a conduit for illicit financial flows, thereby maintaining regulatory compliance and protecting the bank’s reputation.
Key Responsibilities

• To conduct daily monitoring /review /analysis of alert generated/created on Transaction Monitoring System (TMS) to identify suspicious or unusual activities that may indicate financial crime risks such as money laundering, terrorism financing, proliferation financing or fraud etc.
• Investigating alerts and discounting alerts based on available information in TMS system and extracting details from the bank’s other system to determine if transactions are suspicious and require escalation.
• Analyzing and verifying incoming and outgoing payment transactions to ensure compliance with anti-money laundering (AML) laws, sanction regulations and fraud prevention.
• Scrutinize payment transactions effectively before processing.
• Screening payments against sanctions lists, embargo lists, politically exposed persons (PEP) lists, and internal blacklists to prevent transactions involving sanctioned or high-risk entities using specialized payment screening software tools designed for real-time or offline monitoring and alert management Collecting and validating transaction data, such as sender and receiver details, transaction amount, and geographic information, purpose of payment, underlying commercial activity to detect anomalies.
• Prepare and submit Suspicious Activity Reports (SARs) or Suspicious Transaction Reports (STRs) in compliance with regulatory requirements. Conclude alert with justifiable rationale/comments as per prescribed procedures/checklist and maintain detailed documentation of investigations and findings.
• Authenticating and verifying customer identities using Know Your Customer (KYC) procedures to confirm legitimacy of transaction parties
• Proposing solutions and assisting in tuning and optimizing transaction monitoring rules and thresholds to minimize false positives and increase monitoring effectiveness.
• Maintaining up-to-date knowledge of regulatory requirements and sanctions updates to ensure continuous compliance and minimize false positives Collaborate with internal teams like Risk, audit, and Operations to improve monitoring processes and ensure compliance with internal policies and regulatory standards.
• Review and assist senior management to mitigate major Regulatory/Financial crime risks posed to the bank by identifying, analyzing and proposing the resolutions.
• Perform assessments by comparing transaction data with customer profiles and previous activity to identify anomalies and new financial crime typologies and trends
• Support regulatory audits and internal quality assurance reviews related to financial crime compliance
• Documenting and reporting screening activities and decisions for audit trails, line manager verification, and regulatory reporting.
• Collaborating with security and investigations unit, law enforcement and regulatory agencies as needed when suspicious or illegal activity is detected

Job Specification

• Education    Bachelor’s Degree in Business A Professional qualification in Audit and Compliance is desirable
• Work Experience    Possess overall banking experience with a minimum of 2 to 3 years in Transaction Monitoring and applicable systems.

Competencies    Behavioural:

• Think & Act Customer, Business & Strategic Acumen, Ownership & Accountability, Digital Mindset, Change & Innovation Agility, Plan & Execute to Excel, Ability to handle confidential information responsibly.
• Core technical (knowledge and skills): Knowledge of anti-money laundering (AML) regulations Experience with transaction monitoring and sanction screening systems Analytical Ability Compliance Policy design and development Governance and Risk Management Sanctions Compliance Management Sharia Principles Risk Management Data validation

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Job Purpose

• Evaluate the client profile by conducting enhanced due diligence during client acceptance stage, trigger events and periodic reviews, to protect the Bank from any financial and regulatory implications. The role will primarily involve ensuring thorough customer acceptance checks and due diligence before onboarding increased risk clients in alignment with the Bank’s policies and POCAML regulations. This role includes conducting risk assessments to comply with Anti-Money Laundering (AML) and Know Your Customer (KYC) requirements, resolving client business inquiries during onboarding, and coordinating with internal teams for smooth client onboarding by addressing any client-related issues proactively.

Key Responsibilities

• Assist team members in analyzing critical high-risk cases and support in liaising with internal stakeholders to ensure closure of transactions from enhanced due diligence perspective.
• Performing customer acceptance checks to ensure all client documentation and due diligence meet the bank’s standards before account opening or onboarding of increased risk clients
• Reviewing and advising on escalated cases by Unit Head / Business Head. Ensuring the timely blacklisting of rejected cases from Due Diligence perspective.
• Maintaining MIS and registers of EDD cases and PEP portfolio of the Bank. Performing case management by ensuring all submitted requests to Compliance are timely addressed.
• Filtering cases and instances raised by Business which do not fall under Compliance remit and provide due guidance to Business.
• Providing Compliance advisory in conjunction with the Bank’s CDD Policy and Procedure to Business and Operations.
• Assisting in creating management reports periodically. Assisting in timely and duly complying with CBK reporting requirements.
• Conducting Compliance training sessions as per the annual training program as well as need basis.
• Participating in periodic system reviews, implementation of new systems or redefining the controls in the existing ones.
• Participating in Policy and Procedures review from Due Diligence perspective.
• Conducting quality assurance checks on quarterly basis to ensure compliance operations are in line with approved internal policies, processes and guidelines.
• Ensuring compliance with relevant regulatory requirements such as AML and KYC policies and following up on any incomplete documentation with clear timelines for resolution.
• Escalating suspicious activities or potential compliance breaches to appropriate authorities within the bank Maintaining accurate records of client acceptance activities and reporting to senior management on compliance and operational efficiency. Serving as a back-up to other staff assigned with equivalent roles.

Job Specification

• Education    Bachelor’s degree and professional qualification in Financial Crime Compliance field such as CAMS, ICA etc.
• Work Experience    Minimum of 3-4 years’ experience in Client due diligence Possess overall banking experience in financial products & processes such as General Operations, Branch Management.

Competencies    

• Technical Analytical Ability Compliance Policy design and development Governance and Risk Management Sanctions Compliance Management Anti Money Laundering Risk Management

Behavioral Think & Act Customer Business & Strategic Acumen Ownership & Accountability Change & Innovation Agility Plan & Execute to Excel Digital Mindset

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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