Analyst – Payments and Name Screening

Our client, a fast-growing bank in Kenya that operates on ethical, interest-free banking principles and is part of a major global financial group, is seeking to hire an Analyst – Payments and Name Screening within their Compliance Department. Reporting to the Senior Officer – Transaction Monitoring & Payments Screening, this role is based in Nairobi and sits within a dynamic team supporting the bank’s strategic objectives

• 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.
  

Key Relationship (Internal & External)

Internal: All internal departments

Job Complexity/Judgment

• Ability to achieve the target or goals assigned by the management.
  

• Ability to liaise with internal/external stakeholders to optimize and maximize business opportunities.
  

• Ability to ensure designated projects are completed on time.
  

• Ability to Identify and define problems and draw valid and effective solutions.
  

Job Specification

Minimum 2-3 years' work experience in Compliance and/or Compliance Operations

• Compliance Policy design and development
  

• Governance and Risk Management
  

• Sanctions Compliance Management
  

• Anti Money Laundering
  

• Risk Management
  

Behavioral Competencies

• Business & Strategic Acumen
  

• Ownership & Accountability
  

• Digital Mindset
  

• Change & Innovation Agility
  

• Plan & Execute to Excel