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Brand2D

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Digital Account Manager

Nairobi, Kenya

Only on Fuzu

Manager - Financial Crime ; Compliance Department

Closing: Dec 9, 2022

4 days remaining

Published: Dec 2, 2022 (3 days ago)

Job Requirements

Education:

Work experience:

Language skills:

Job Summary

Contract Type:

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The incumbent shall be responsible for monitoring Bank wide compliance
with external laws, regulations as well as the internal policies and
procedures. In addition, support the Chief Compliance Officer in
ensuring that the bank complies with all applicable rules and regulations in
order to avoid financial loss, reputational damage, and legal ramifications as
a result of non-compliance.


Responsibilities


The incumbent shall be responsible for monitoring Bank wide compliance
with external laws, regulations as well as the internal policies and
procedures. In addition, support the Chief Compliance Officer in
ensuring that the bank complies with all applicable rules and regulations in
order to avoid financial loss, reputational damage, and legal ramifications as
a result of non-compliance.


  • Regular review, ensuring that the compliance
    program remains up to date with related regulatory laws and regulations
    and that all identified gaps, remedial actions are appropriately
    communicated, implemented in due time.
  • Ensure the bank staff's adherence to AML/CFT,
    CDD/KYC, sanctions, FATCA, ABC, and ethical standards across the bank,
    including escalating/reporting of suspicious transactions, and
    record-keeping.
  • Overseeing follow-up and, as applicable,
    resolution of investigations and other issues generated by the compliance,
    sanctions, and transaction monitoring systems, including development of
    policies, standards, controls, system enhancements, and action plans, as
    needed.
  • Lead the compliance department’s technology
    initiatives and system developments, working with various internal and
    external stakeholders to improve the compliance program through
    automation.
  • Ensuring that irregularities and non-compliance
    issues or breaches of applicable compliance policies and standards are
    properly investigated, escalated to relevant senior management and the
    board committee, with follow up on correction actions.
  • Preparation of a
    comprehensive compliance notice, risk assessment on new products, services, and
    delivery channels prior to launch in collaboration with relevant stakeholders
    and the risk and compliance head.
  • Coordination with
    relevant stakeholders to ensure that new products, services, delivery channels,
    customer segments, and transaction types are appropriately maintained and
    integrated into the AML transactions monitoring system. Recommend appropriate
    system parameter fine-tuning to ensure the system's effectiveness.
  • Manage daily, periodic transactions monitoring,
    sanction screening, quality of alerts clearing disposition through MIS
    follow up, sample analysis, as well as customers’ on-boarding, KYC update,
    risk assessment, and suspicious activity reporting processes.
  • Manage and ensure the sanction program is running
    effectively in accordance with applicable local and international
    standards. Appropriate watch lists are applied and recommended for new
    lists, as needed.
  • Conduct a bank-wide financial crime, ABC risk
    assessment and prepare management reports with findings and
    recommendations.
  • Collaborate with the HR department to ensure a
    work force with high ethical standards, including the establishment of
    minimum standards for conducting appropriate background and reference
    checks on potential employees.
  • Prepare compliance reports for the bank's senior
    management and relevant BOD committees on a regular basis.
  • Ensure that all regulatory parodic returns,
    enquiries, correspondent banking requirements, and questionnaires are
    adequately addressed, documented, and tracked through to completion in a
    timely manner.
  • Ensure proper collaboration with the external and
    internal auditors on regulatory inspections and assist in the gathering of
    internal information in response to regulatory requests.
  • Ensuring appropriate follow-up on pending
    compliance audits and regulatory findings.
  • Develop and coordinate appropriate compliance training and education
    programs for all employees; ensure and understand the company’s commitment to
    complying with all laws, regulations, company policies, and applicable ethical
    standards.

Professional Qualifications and Experience:

  • A
    Bachelor's degree in business, economics, or a related field.

  • At
    least seven (7) years’ experience in compliance in the banking sector, with a
    strong understanding of banking operations, systems, and controls

  • Financial
    Crime, Risk, and Compliance certifications will be an added advantage (e.g.,
    CAMS, CGSS).

  • Extensive
    knowledge of banking regulations and applicable laws.

  • Extensive
    knowledge of risk and compliance topics

  • Experience with the compliance digital transformation initiatives, such as digital on-boarding and E-KYC, how modern sanctions Screening, risk scoring Systems work is a valuable asset.

Skills/Competencies:

  • Strong
    experience of report writing and dashboard presentations

  • Integrity

  • People
    management skills

  • Excellent
    interpersonal and communication skills

  • Excellent
    planning, organization and execution skills

  • Critical
    thinker

  • Attention
    to detail

  • Decision-making
    and communication abilities

  • Ability to
    draught policies, and procedures and report on findings.



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