Compliance Officer at Gulf African Bank

Key Responsibilities

• Investigate and assess alerts for potential money laundering, terrorist financing and proliferation financing risks in the Bank.
• Ensure efficient identification and monitoring of suspicious activities and transactions.
• Ensure timely, efficient reporting of suspicious transactions to Head of Risk and Compliance and the Financial Reporting Centre.
• Daily review of AML/CFT/CPF transaction monitoring alerts.
• Maintain a current understanding of money laundering, terrorist financing and proliferation financing issues, including policies, procedures, regulations, industry best practice, criminal typologies and developing trends.
• As an AML/CFT/CPF subject matter expert provide direction and guidance to employees on appropriate remediation action for high risk accounts.
• Timely execution of instructions received from GAB Senior Management, Head of Risk and Compliance, Senior Manager,
• Compliance, the Financial Reporting Centre, Central Bank of Kenya, and other internal and external sources.
• Assist with money laundering, terrorist financing and proliferation financing related queries/questionnaires received from corresponding banks.
• Ensure proper investigation of suspicious transaction reports, suspicious activity reports and escalation of the same to the Senior Manager Compliance and external regulators as applicable.
• Assist with AML/CFT/CPF compliance training programme.
• Prepare periodic (weekly, bi-weekly, monthly, quarterly, semi-annual and annual) reports to Head of Risk and Compliance.
• Obtain documentary proof of suspicious transactions and ensure effective record keeping of suspicious transactions and cash transactions reported to the FRC in line with the requirements of the applicable

Regulations and Guidelines.

• Maintain a current understanding of ML/TF/PF issues including policies and translate to the Bank’s procedures, regulations, industry best practices, typologies and developing trends.
• Assist in identifying systemic procedural weaknesses and additional training requirements on AML/CFT/CPF.
• Ensuring that the bank’s AML/CFT/CPF compliance policies and procedures up-to-date.
• Conduct on-site and off-site AML/CFT/CPF reviews, report on exceptions and ensure timely corrective action.
• Assist the businesses in developing solutions to potential issues involving compliance and regulatory risk.
• To respond to compliance questions and concerns of the staff and advice branches/units and assist in providing solutions to potential issues involving compliance risk
• Undertake other duties as assigned by Management from time to time.

Required qualifications, experience and attributes
Qualifications

• Bachelor’s degree or higher education level.
• Extensive regulatory knowledge (Local and international AML\CFT\CPF regulations, FATCA, Sanctions etc).
• Professional Certification in AML/CFT/CPF e.g. Certified Anti-Money Laundering Specialist (CAMS) or any other
• Financial Crime Professional certification, would be an added advantage.

Experience

• Minimum five (5) years working knowledge of the diverse financial products offered by financial institutions, at least three (3) years in a Compliance/Risk function.