Vacancies 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

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The role supervises the Financial Crime Surveillance Unit in the Business Compliance Department to conduct surveillance, analyze and investigate customers activity and transactions with respect to potential Money Laundering, Terrorist Financing & Proliferation Financing (ML/TF/PF), related to bribery & corruption, market abuse, other predicate offences and other suspicious activity. The role is a critical element of the Bank’s defense against ML/TF/PF and other predicate offences.

Key Responsibilities:

• Ensure timely and quality Name Screening, Transactions Monitoring and Payment screening hits dispensation.
• The prompt identification, investigation, and an in-depth analysis (if necessary) of alerts generated from the highest risk Transactions Monitoring (TM) detection scenarios.
• Lead efforts to conduct in-depth investigations into money laundering and terrorist financing activities, Politically Exposed Persons (PEPs), Politically Influential Persons (PIPs) or Tip-Offs in order to identify potential risks for the Bank
• Escalate all high-risk, complex and/or significant issues to the line management to ensure these matters are dealt with timeously and as per the standards set out it in the Financial Crime framework
• Continuously maintain an understanding of policies, processes, procedures and systems with the view to find better ways to execute tasks, improve systems, improve training material, improve money laundering surveillance performance.
• 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)
• 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.
• Regular review of systems scenarios and rules within AML monitoring solution to reduce the number of positive alerts and ensure optimal system functionalities.
• Take lead in FCC Analysis and Post Investigation Actions, including escalation of STRs to MLRO 
• Financial Crime Deep Dives & Complex Investigations
• Maintain pro-active awareness of potential high-risk persons or entities through monitoring of open-source information (e.g. press releases).

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

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Job Purpose:

This role is responsible for acquisition, growth, and deepening of Cooperative relationships across Kenya, ensuring alignment with the BIIMS framework (Borrow, Insure, Invest, Move, and Save), overseeing the Co-operatives and Microfinance Institutions (MFI) Sector. Key responsibilities include managing business growth, portfolio development, and implementing processes that support the Bank’s financial sustainability. Additionally, the role involves collaborating with stakeholders, generating business opportunities, driving product development, and mentoring staff to support BIIMS growth and cross-selling the Bank’s products.

Key Responsibilities 

• Lead the identification of business growth opportunities within the Co-operative movement and Microfinance Institutions (MFIs).
• Develop and propose new business opportunities to ensure a steady pipeline of potential growth.
• Ensure the Customer Value Proposition (CVP) is consistently approved, operational, and updated to meet sector needs.
• Regularly review and update products to adapt to changing market dynamics.
• Foster strong relationships with all business enablers in the Bank to support growth initiatives.
• Supervise the team in conducting needs assessments and managing customer relationships for portfolio expansion.
• Ensure the sector’s business portfolio aligns with internal policies, processes, and customer data standards.
• Collaborate with segment heads and relationship managers to onboard customers, driving balance sheet and P&L growth from a BIMS perspective.
• Stay informed on Co-operative movement developments, industry performance, and regulatory changes.
• Ensure the team has effective customer sales coverage plans and strategies for market penetration.
• Develop and champion sector strategies and business plans aligned with the Bank’s overall goals.
• Prepare timely Stress Tests and support the team in the process.
• Conduct industry studies and contribute to Industry Opinion reports as required.
• Participate in Group-wide HR and business initiatives, offering expertise in the Co-operatives and MFI industries.

Qualifications

Qualifications, Experience 

• Bachelor’s degree in commerce or a Business-related field.
• Master’s degree an added advantage.
• Certification in a Co-operatives-related field is an added advantage.
• At least 10 years’ experience in sales and marketing to the Cooperatives and Microfinance institutions with Relationship management experience.
•  At least 4 years’ experience in leadership as a senior manager or head of department.
• Proficient in computer skills (a must).