Financial Crime Compliance Analyst at NCBA Group

Job Purpose Statement

The purpose of this job is to support the Enterprise Risk Management and Compliance function through the implementation of the Financial Crime Compliance Framework within the standards defined by the Group including the identification, measurement, monitoring and reporting of risk and enforcing compliance with policies, processes, procedures and controls.

Key Accountabilities (Duties and Responsibilities)

Financial 15% 

• Responsible for supporting the achievement of profitability of the bank through management/ cost savings of set departmental budgets.

Internal business processes 60% 

• Provide effective FCC case management by ensuring timely response to and the initial review and investigation of FCC alerts and maintaining follow up for conclusion.
• Advice senior management on Financial Crime Compliance trends and exposures the bank is experiencing and provide recommendations to minimize the risk
• Escalate any identified suspicious transactions and activities to the Manager FCC promptly to ensure the Bank complies with filing suspicious transaction reports within the stipulated regulatory timelines
• Develop plans to proactively address any identified FCC weaknesses and follow up with process owners to close the gaps noted.
• Review applicable procedure manuals in the bank to ensure adequate controls are embedded to mitigate applicable FCC risk
• Delivery of FCC training programs across the Bank to the standards defined by the Group Risk function
• Periodically review FCC weaknesses as per the customer identification program templates, recommend enforcement measures and follow up implementation
• Monitor Financial Crime Compliance issues in the Bank while coordinating monitoring standards in all relevant subsidiary companies
• Prepare periodic reports to regularly update FCC exposures and loss experience to Business Units and senior management.
• Promote the importance of having a strong internal control environment including, but not limited to, assisting in providing a clear definition and understanding throughout the Bank of what constitutes Financial Crime Compliance risk events and apprising senior management and Business Units on various elements that impact risk and compliance.
• Monitor the Bank’s weighted FCC compliance score and participate in the implementation of the model within the Group.
• Support the establishment of the complete Financial Crime Compliance scope for the Bank based on applicable laws, regulations, policies and related policy standards and policy guidelines, and aim at achieving 100% compliance
• 100% adherence to policies, procedures and statutory

Customer 15% 

• Drive customer satisfaction through adherence of set SLAs and issuing stakeholders timely feedback
• Promote FCC awareness within the Group by providing guidance, consulting and coordinating relevant programs to ensure an FCC compliance culture

Learning and growth 10% 

• Responsible for delivering the performance objectives set and managing his/her own learning and development to build capacity and avail him/herself for coaching and training opportunities.

Ideal Job Specifications

Academic:

• At least a Bachelor’s degree or its equivalent, preferably in a Business related field, Mathematics or Law.
• Experience in use of standard software used in the Bank such as Word, Excel, Access and PowerPoint

Desired work experience:

• A minimum of 3 years of relevant professional experience, preferably in banking and/or finance. Experience in use of standard software used in the Bank such as Word, Excel, Access and PowerPoint