Career Openings at Sidian Bank

To ensure that the overall risk management framework is continually improved and effective, with an aim of ensuring that the Bank operates within its risk appetite to ensure low risk profile.

KEY RESPONSIBILITIES AND ACTIVITIES

Enterprise Risk Management

• Ensure a review of the Risk Appetite Statement annually with updates, when necessary.
• Conduct reviews for new products, partnerships, systems, processes, channels and services, internal policies and procedures and make recommendations for enhancement of controls and risk mitigation as appropriate.
• Design and Implement risk management policies and strategies which comply with legal and regulatory provisions, best practices and specific to bank operations.
• Formulating and ensuring that bank’s ERM policies are up to date.
• Maintain an up-to-date Bank policy log.
• Perform regular stress tests on the risks affecting the bank.
• Monitoring and review of operational Risk reports (KRIs, RCSA, ORSA & Risk Registers) across the various support and business units of the Bank and ensure that the tools are effectively utilised by the Business and communicating gaps identified to the relevant Units/Branches for control enhancement.
• Monitoring of Reputational Risk factors identified from time to time.
• Review and regularly update the Bank’s risk register.
• Support process owners and risk champions with identification of key risk indicators in their respective functions aimed at mitigating those risks.
• Review Risk Event Reports by staff and respond to or escalate recognised and potential risk issues to the appropriate persons as soon as they are discovered.
• Carry out snap checks in line with the Risk Management work plan, or as required based on the risk environment;
• Assist the Head Enterprise Risk Management in entrenching and reinforcing of bank-wide risk awareness culture.
• Assist the Head Enterprise Risk Management of the institution and sustenance of the risk champions program.

 Credit Risk Management

• Prepare monthly updates on the current and emerging risk exposures within the bank’s own portfolio and across the market.
• Review and ensure sufficiency of risk management policies and governance guidelines that will be relied on for the management of risks.
• Conduct Credit portfolio analysis including concentration risk, performance analysis and stress testing.
• Continuous update of the Risk registers on Credit Risk.
• Assist Management in defining and propose revisions of risk appetites for Credit Risk.
• Ensure monthly collation of data on the KRIs for credit Risk.
• Recommend improvement in credit appetite, process, procedures and policy as a result of risks identified from the monthly monitoring of KRIs.
• Conduct ad-hoc credit risk analysis and investigations.
• Preparation of risk self-assessment checklists.
• Champion resolution of issues raised on self-assessments on credit risk.
• Review, compilation of the self-assessment checklists and preparation of action points.
• Follow up for closure of issues raised from the assessments with Management /various HODs.

Market and Financial Risk Management

• Daily review of market risk to ensure adherence to set limits and Bank’s appetite.
• Weekly Review of counterparty deals to ensure they are within approved limits.
• Conduct Interest Rate and Foreign Exchange Scenario Analysis and other IRR assessments to include VAR AND Bond valuation.
• Conduct regular CAMEL rating analysis on banks performance.
• Review and update the Bank’s ICAAP annually or as required by the Central Bank of Kenya (CBK).

Reporting

• Reports on operational losses, fines, penalties and business disruptions.
• Internal reports for management and board used to monitor the various risk exposures faced by the Bank.
• Regular reports that monitor the various risk exposures faced by the Bank, including the open items report, loss data report, insurance claims, Market Risk Limits Monitoring report, shortages and overages, customer complaints, cash limits monitoring report, counterparty limits report, business impact analysis reports, ORSA/ RCSA reports and KRIs.

KNOWLEDGE, SKILLS & EXPERIENCE

• University degree or above in a relevant business discipline e.g. Banking, Commerce, Business or Finance
• Over 5 years’ experience in the financial sector
• Relevant Certification in Risk, FRM will be an added advantage
• Highly effective communicator with excellent interpersonal and motivational skills.
• Good understanding of CBK Prudential Guidelines, CBK Risk Management Guidelines and reasonable knowledge of Basel II regulation, regulatory capital requirements, as well as other legal and compliance requirements.
• Sound understanding of enterprise risk management
• Ability to understand and interpret financial information and principles
• Proficient in excel
• Thorough understanding of CBK regulatory framework and Anti Money Laundering regulations
• Good analytical skills
• Good Organizing and planning skills
• Good business acumen

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JOB PURPOSE 

Responsible for performing AML/CFT compliance functions and reviewing KYC. Such functions include implementing the Bank’s AML/CFT compliance program, conducting investigations, analysis and responding to Money Laundering/ Terrorism Financing (ML/TF) cases, identifying points of compromise and potential loss.

To ensure that the bank is in full compliance of all statutory and legal requirements as stipulated in the PG Guidelines and the Banking Act.

KEY RESPONSIBILITIES

• Strengthening Risk Management
• Collaborative Partnerships
• Transaction Monitoring and Reviews
• Reporting

MAIN  ACTIVITIES

Strengthening Risk Management:

• Assist in reviewing new products and services, internal policies and procedures and make recommendations for enhancement of controls and risk mitigation as appropriate, especially for AML/CFT
• Work with business units to establish, maintain and continuously improve AML/CFT compliance risk management capabilities.
• Proactively identify gaps in the assigned reviews, assessments, projects and follow up on implementation of agreed mitigation controls.
• Monitor and track closure of management actions from the compliance reviews,  regulators’ and External auditors’ reports.

Collaborative Partnerships

• Assist in implementing a bank-wide AML program through risk awareness training program for all staff especially on identification and reporting of suspicious transactions.
• Development of AML/CFT Compliance Training for new employees.
• Maintain detailed knowledge of current AML regulations and keep track of developments within the AML scope, sanctions, terrorist financing issues, including policies, procedures, regulations, industry best practice, criminal typologies and developing trends.
• Maintain strong working relationship with internal stakeholders to ensure that compliance issues are regularly discussed and addressed
• Deputize for the MLRO role in the bank.

Transaction Monitoring and Reviews

• Implement adequate AML and CTF controls to ensure that all possible areas of AML & CTF concerns are covered.
• Perform regular reviews of all AML & CTF controls to assess effectiveness. This includes;
• Sanction and Politically Exposed Person (PEP) screening program
• Transaction monitoring program
• Customer and Enhanced Due Diligence program
• Suspicious Activity Reporting (SAR) management program
• Adverse Media mentions review program
• Investigative orders management program
• Perform detailed analysis to detect patterns, trends, anomalies and schemes in transactions and relationships across bank’s processes/ customers/ products.
• Assist to develop and implement a detailed work plan to ensure regular review of compliance with approved AML/CFT policies and procedures of the Bank through on-site and off-site reviews of business units and departments on a risk basis.

Reporting:

• Assist in developing Board reports, Management and adhoc reports
• Prepare standard and ad-hoc data reports to regulators and other stakeholders as may be required and within stipulated timelines.
• Ensuring that Regulatory returns are compiled and submitted within the required timelines.

Any other duties as deemed necessary by the supervisor.

ACADEMIC BACKGROUND

• Bachelor’s Degree in Business related course.
• Anti-Money Laundering Certification

WORK EXPERIENCE

• At least 5 years’ experience in AML in a regulated institution, preferably in a financial institution.

SKILLS & COMPETENCIES

• Knowledge of money laundering techniques and regulations
• Knowledge of regulatory compliance requirements and risk management principles
• Demonstrable analytical skills and experience in working with and analyzing large volumes of data
• Good knowledge of payment services and operations
• Good Organizing and planning skills
• Results oriented, effective communicator and a team player eager to learn and share experiences
• Proficiency in Microsoft Office Applications
• Report writing skills

PROFESSIONAL CERTIFICATION

• Certified Public Accountant CPA(K)
• Certification in a professional association such as the Association of Certified Anti-Money
• Laundering Specialists (ACAMS) would be a distinct advantage.

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Ensuring overall Branch Management, staff management, business growth and development, operational excellence. This role also develops and implements business strategies to deliver performance and growth targets as well as maintain good business environment.

KEY RESPONSIBILITIES AND ACTIVITIES

Strategic input and planning:

• Contributes to the completion of the Sidian Bank Retail Operational plan by preparing and implementing a branch business plan that encompasses strategies for performance on branch growth objectives.
• Prepares the branch budget for approval and contributes to the overall control of expenditure by monitoring costs and reporting on performance against budget variations.

Sales & Business Development:

• Full responsibility for all product lines and all sales and business development for entire branch business.
• Develop business opportunities and monitor business’s activities in line with the Bank’s long-term strategic and annual business plans and ensure that the Bank remains competitive and promptly reacts to changing market conditions and customer needs.
• Develop and implement a branch turnaround strategy to ensure that at least the branch is profitable.
• Develop a focused relationship management system, which increases the branch ability to increase the flow of business and generate deposits, lending and revenues from existing and new customers in line with the enterprise strategy.
• Enhance the appropriate controls and monitoring mechanisms for the development of a high-quality lending.
• Ensure full compliance with the Bank’s Credit Policy, Central Bank of Kenya guidelines and appropriate provisions of the Banking Act with respect to lending.
• Enhance relationship marketing and management – to establish, maintain, and enhance relationships with customers and other partners, at a profit, so that the both the customer and bank objectives are met achieved by a mutual exchange and fulfillment of the brand promise.
• Ensuring compliance to the Environmental Social Management (ESM) policy and procedure in day to day branch business.

Strategic Marketing

• Embed strategic marketing by focusing on how to develop competitive advantage into the changing marketplace and leveraging on the banks distinctive capabilities to drive value.
• Enhance creation by creating, communicating, delivering, and offering solutions that have value for customers, shareholders and partners.
• Build the Sidian Bank Brand to ensure that the bank is top of mind as an enterprise bank.
• Understand and provide clear direction to the branch based on market analysis of local area consumer trends and competitor offerings.
• Ensure that merchandising materials are displayed in accordance with guidelines.
• Brief staff on promotional and product launches; provide regular feedback on sales performance.
• Establish relationships with key clients or business influencers in the local area, including client entertainment within budget limits set by the business.
• Support product specialists and the sales team in marketing of initiatives and other products to local businesses.

Strategic Customer Experience

• Key driver for not only customer satisfaction, but building a base of promoters by enhancing positive customer experience and advocacy to drive competitive advantage, leading to faster organic growth and lower cost.
• Create a differentiated customer experience design, tailored to target customer needs and optimize customer interactions with the brand, offerings, and touch points to consistently deliver and make continuous improvements to the design.
• Link sales and service and embed customer service culture as the bedrock to grow the balance sheet.

Branch Operations

• Ensures operations meet legislative and Sidian Bank policy requirements, including health and safety requirements, by monitoring systems, procedures and workflows, and implementing corrective action.
• Responsible for all security procedures within the branch including opening procedures, camera surveillance and maintenance, video monitoring, robbery and fire drill procedures.
• Ensures adequate cash levels to support operations.
• Ensures branch staff are adequately trained in KYC and AML and are adhering to the prudential guidelines.

Leadership & People Management

• With the support of Human Resources, is responsible for the Human Resource Management of the branch staff and consults with HR on clarity and interpretation of the HR policy.
• Contributes to the ability of staff to meet performance objectives by providing day to day supervision, training and support and leading performance processes in accordance with Sidian policies and procedures.
• Responsible for identifying and developing career path opportunities for staff.
• Contributes to the development of staff by assisting with the interpretation and implementation of operational policies and procedures.
• Responsible for assigning tasks to staff, scheduling and monitoring work and reviewing results for timeliness, accuracy and quality.
• Contributes to the flow of staff communications, by conducting regular staff meetings – morning huddles and weekly progress meetings.
• Encourages staff to participate in internal and external training and development opportunities as these arise and in accordance with individualized development plans.
• Responsible for the presentation and service standards of retail staff to ensure a professional image is maintained with all clients.
• Ensures adherence to dress code, code of conduct and HR policies and procedures and follows laid down grievance and disciplinary procedure to ensure a conducive work environment.
• Responsible for mentoring and coaching the retail team to enhance staff motivation, engagement and improve performance.

DECISION MAKING AUTHORITY

• Approval on lending discretion as per lending policy.
• Approval of new accounts opened in the branch.
• Approval of exceptional requests with respect to KYC on account opening.
• Approval on costs within set budgets e.g. taxi expenses, facilities maintenance, petty cash spend etc.
• Approval to spend on customer recovery within budgeted limit.
• Making decisions on referrals for accounts under their codes.
• Discretion on resource allocation within the branches under approved headcount for optimum productivity.

ACADEMIC BACKGROUND

• University degree or above in a relevant business discipline e.g. business administration or finance.

WORK EXPERIENCE

• At least 10 years’ experience in retail banking and/or commercial banking including a minimum of 5 years proven and progressive management experience.

SKILLS & COMPETENCIES

• Sound knowledge of Retail Banking/SME products, services and processes together with exposure in retail banking branch operations or customer service delivery.
• Profound understanding of retail market, key competitors and offerings as well as our competitive edges to win quality customers.
• Thorough understanding of CBK regulatory framework and pertinent regulations impacting corporate customers.
• Strong leadership, marketing, sales and management skills.
• Highly effective communicator with excellent interpersonal and motivational skills.
• Solid performance management and motivational skills.
• Excellent relationship building and stakeholder management skills.
• Strong managerial, planning, analytical, decision-making, lateral thinking and project management skills.

PROFESSIONAL CERTIFICATION REQUIRED

• Diploma in Banking – AKIB/ACCA/CPA (K)