AML Analyst at I&M Bank
I&M Group
- Kenya
- Permanent
- Full-time
- Implement a risk-based compliance monitoring programme from the Compliance Risk Management Plans.
- Co-ordinate the implementation of corrective measures to mitigate identified deficiencies.
- Identify and assess the AML CFT/ Overall compliance and internal control risks and gaps associated with the bank's activities.
- Entrench AML policies and ensure that appropriate AML procedures are implemented effectively by the bank.
- Make recommendations for the review of policies, procedures, and processes where necessary.
- Filing various Regulatory returns related to AML and CFT with FRC and CBK.
- Conduct targeted reviews to assess compliance with internal policies, procedures and processes.
- Raise awareness and provide training to bank staff on compliance policies.
- Monitoring transactions in light of Anti-Money Laundering (AML) and identifying suspicious transactions for reporting to the MLRO;
- Preparation of suspicious transaction reports for review by the MLRO and onward reporting to the Financial Reporting Centre (FRC) on goAML platform.
- Collecting information to be used in correspondent Bank questionnaires and Development Financial institutions for review and onward forwarding to the Correspondent Banks;
- Assisting in obtaining and updating the Anti-Money Laundering/ Know Your Customer (KYC) information from correspondent Banks as per the requirements of the prudential guidelines
- Assist in the administration and review of customer Risk Scoring, High risk customer Identification and KYC documentation oversight requirements.
- Conducting Periodic Enhanced Due Diligence and review of high risk customers and relationships.
- Handle other duties as assigned to assist with the effective administration of the AML and KYC Compliance Program.
- Bachelor's degree from a recognized institution.
- Minimum of 3 years of working experience
- Relevant financial institutional and compliance experience, with exposure to different financial institutional products and business operations.
- Previous knowledge in conducting transaction monitoring reviews, deep dive investigations, Enhance Due Diligence, and reporting of suspicious activities.
- Knowledge on the requirements of the Proceeds of Crime and Anti Money Laundering Act, Prevention of Terrorism Act and CBK prudential Guidelines.
- Excellent communication and interpersonal skills.
- Ability to establish priorities, plan, coordinate and monitor own work plan.
- Good understanding of AML\CFT regulatory policies with the ability to apply regulatory concepts in the day-to-day job functions.
- Experience in conducting thorough research on high-risk customers.
- Must possess exceptional research and analytical skills with the ability to analyze data and decipher high risk attributes.
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