Reports to: Chief Risk Officer

Department: Risk & Compliance

Location: Head Office, Nairobi

Job purpose

This role is responsible for the oversight and management of money laundering, terrorist financing and proliferation financing risks at Gulf African Bank (GAB). In this regard, the Senior Manager Compliance will deputize as the Money Laundering Reporting Officer (MLRO) of GAB. The position holder is responsible for assisting the MLRO in ensuring the Bank’s compliance with various policies, procedures and regulatory requirements, including Anti Money Laundering laws and regulations.

The role is also responsible for the overall Compliance oversight in Gulf African Bank, and to co-ordinate the businesses’/departments’ compliance with applicable laws and regulations that apply to their activities and products.

Key Responsibilities

• Ensure that effective anti-money laundering (AML), combating the financing of terrorism (CFT) and combating proliferation financing (CPF) framework are in place at Gulf African Bank (Kenya) Limited
• Management and execution of second line monitoring and assessment program for Anti-Money Laundering/Counter-Terrorism Financing/Combating Proliferation Financing (AML/CTF/CPF).
• Ensure compliance with all applicable AML/CFT/CPF laws and regulations and internal policies and procedures. 
• Ensure the necessary policies, procedures and controls are in place and ensure compliance with applicable laws, regulations and international standards and best practices applicable to the Banking Industry
• Ensure up to date comprehensive Compliance matrix/grids, based on all the relevant legislations/regulations, to ensure that the Bank and its local subsidiaries comply with all the relevant legislations and regulations.
• Oversight and management of the bank’s Compliance Self-Assessment process including tracking and closure of all identified Compliance issues.
• Support in the improvement of AML/CFT/CPF tools to monitor, analyze, and report suspicious activity.
• Handle file reviews of suspicious activity to ensure compliance with the policies and procedures put in place.
• Identify and inform any changes to legislation and other regulatory requirements relating to AML/CTF/CPF.
• Support in the design, development, and implementation of the bank’s AML/CFT/CPF risk assessment framework.
• Provide relevant compliance reporting to ensure the completion and proper analysis of suspicious activity reports that have been conducted.
• Ensure detailed and prompt investigation of all AML/CTF/CPF incidents and cases.
• Help with identifying any AML/CTF/CPF risks and ensure mitigating controls are put in place.
• Ensure AML/CFT/CPF and general compliance awareness and refresher training are conducted in GAB.
• Involvement in projects as required to ensure AML/CFT/CPF risks have been addressed.
• Provide subject matter expertise to business on matters relating to AML/CFT/CPF.
• Conducting ongoing testing of the Bank compliance with the POCAMLA regulations.
• File suspicious transaction reports with the Financial Reporting Centre​ ​(FRC).
• Support the Bank’s departments in audits (internal and external) as a key interface with regulators/auditors on AML/CFT/CPF issues.  Proactively engage with examiners, review audit findings, evaluate the business’ corrective action plans to deal with issues highlighted and track corrective action on matters Compliance in GAB. 
• Assist the businesses in developing solutions to potential issues involving compliance and regulatory risks;
• To respond to compliance questions and concerns of the staff and advice departments/branches/units and assist in providing solutions to potential issues involving compliance risk.
• Assist in making regular reports for the management, board and regulator.
• To ensure that AML/CFT/CPF regulatory reports, and other Bank regulatory reports are reviewed and submitted on time as per the requirements
• Develop and continuously update the Bank’s Compliance, AML and CFT Policies and Procedures in line with the laid down legislation and regulations.

Qualifications

• Degree in Law, Business, Finance or Compliance related disciplines
• Master of Business Administration or a related field will be an added advantage
• Extensive regulatory knowledge (Local and international AML/CFT/CPF regulations, FATCA, etc.)
• Professional Certification in AML/CFT/CPF e.g. Certified Anti-Money Laundering Specialist (CAMS) or any other Financial Crime Professional certification.

Experience

• Minimum seven (7) years’ working knowledge of the diverse financial products offered by financial institutions, at least five (5) years in a Compliance/Risk function.

Personal attributes

• Excellent communication and interpersonal skills;
• Ability to establish priorities, plan, coordinate and monitor own work plan
• Strong negotiation skills;
• Good understanding of relevant regulatory requirements, CBK Prudential and Risk Management guidelines
• Ability to understand and interpret financial information and principles
• Exceptional analytical and investigative skills
• Ability to develop, work and lead a team.