JOB SUMMARY:

To ensure that the Bank adheres to and is compliant with the laws, regulations and best practices pertaining to the conduct of Customer Due Diligence, Anti-Money Laundering e.g. the Proceeds of Crime and Anti-Money Laundering Act 2009 (and and subsequent amendments), CBK Prudential guideline /PG/08 Proceeds of Crime and Money Laundering (Prevention) and Combating the Financing of Terrorism etc.

KEY ROLES AND RESPONSIBILITIES: 

A. To undertake Customer Due Diligence (CDD) as per the Law, Prudential Guidelines and the Bank’s KYC/AML Policy - 35%

• To review customer KYC/AML documentation and ensure that all the requisitedocumentation as per the KYC/AML standards/checklist has been provided and that the information contained therein is comprehensive and consistent;
• To ensure that adequate customer KYC/AML records are maintained for all the Bank’s customers as required by law;
• To prepare and maintain case management reports for all customers whose KYC/AML files they have reviewed;
• To screen all clients at the point of on-boarding against known sanction lists, Internal blacklists and PEP databases;
• To undertake customer risk profiling as per the Bank’s KYC/AML policy;
• To undertake regular money laundering/terrorism financing risk assessments;
• To assist in updating and maintaining internal blacklists against which customers are screened;
•  To conduct Enhanced Due Diligence (EDD) on customers classified as High Risk as per the Bank’s risk calculator;
• To perform other duties as may be assigned by the Senior Manager and/or Chief Compliance Officers (CCO) from time to time.

B. Transaction monitoring and reporting of large cash transactions (CTRs) and suspicious transactions (STRs) to the Financial Reporting Centre (FRC) - 30%

• To review and analyse customer transaction reports on a regular basis with a view to identifying split cash transactions, large cash transactions and or any suspicious transactions for purposes of reporting to the Financial Reporting Centre (FRC;
• To follow up on alerts flagged by the AML monitoring tool and to document action taken to close the matters arising;
• To prepare and maintain reports (register) on all split transactions, large cash transactions and suspicious transactions identified;
• To request for additional supporting documentation or obtain explanations for transactions that are identified or flagged as suspicious by the automated transaction monitoring system.
  
  

C. Development, Implementation and Enforcement of the Bank’s KYC/AML Programme - 7.5%

• To participate in the development, implementation and enforcement of the Bank’s Know Your Customer (KYC)/Anti-Money Laundering (AML) compliance programme.
• To participate and contribute to the development and enhancement of the Bank’s KYC/AML Risk Calculator;
• To track and ensure that the agreed Turnaround Times (TATs) and Service Level Agreements (SLAs) agreed with other departments in the Bank are monitored and adhered to.

D. Leadership & Stakeholder Engagement - 7.5%

• To participate and assist management in promoting a culture of compliance with KYC/AML laws, regulations and policies in the bank through induction and conducting of regular training and sensitization sessions;
• To develop, implement and maintain a framework for the conduct of Know Your Customer (KYC)/Due Diligence and enforcement of the Bank’s Anti-Money Laundering (AML) compliance programme.
• To actively participate in industry forums and workshops so to keep abreast with new developments, best practices and/or changes in the laws and regulations related to KYC and AML;
• To coordinate and respond to inquiries or requests for information on the Bank’s KYC/AML programmes from the Regulator, Correspondent Banks and other interested parties;

E. Reporting - 20%

• To prepare and submit weekly activity reports;
• To prepare and maintain an up to date customer risk profiles register;
•  To update and maintain a register of all client’s classified as Politically Exposed Persons (PEPs)
• To prepare and submit statutory / regulatory reports as required by the regulator with regardsto KYC/AML.
• To prepare and maintain up to date KYC/AML compliance risk assessment reports as directed by the Chief Compliance Officer;
• To assist in the preparation of papers for the Management and Board giving updates on the status of compliance with the laws, regulations and policies related to KYC/AML.

KEY RELATIONSHIPS:

Direct Reports to this Position

• No direct reports

Customers of this Position

• Operational Risk Committee (ORCO)
• All Branches and Departments

Knowledge; Skills and Experience required for this Role

• At least more than three years’ experience in a banking environment, working in a similar role and/or with experience in branch operations.
• Bachelors’ Degree

Competencies required for this Role

•  Working with people
• Creating and Innovating
• Delivering results and exceeding customer expectations
• Planning and Organising
• Learning and Researching
• Writing and Reporting

Accountability

• Delegated Authority