JOB DETAILS:
Job Purpose Statement
This role supports the Head, Compliance and Regulatory Affairs. The key responsibilities are to maintain the Compliance Policy and Program, highlight incidents of non-compliance to senior management and advice the business regarding regulatory and internal policy requirements including Anti Money Laundering /Combating the Financing of Terrorism (AML/CFT) and Know Your Customer (KYC) requirements.
As the Financial Crime Manager, the primary professional focus is to support the MLCO in the implementation and assessment of effectiveness of internal systems and controls that the institution puts in place to help detect, monitor and report money laundering activities to the relevant authorities.

Key Accountabilities (Duties and Responsibilities)
• Implementation of Bank’s compliance program and the Anti- Money Laundering program.
• Develop and implement systems, mechanisms and procedures to ensure that Bank staff immediately report suspicious money laundering or terrorism financing activities.

• Clearly define and articulate the compliance obligations for each functional area and department of the Bank with clear allocation of compliance responsibility.
• Providing relevant, timely, accurate and value-adding reports to key stakeholders- Management and external customers e.g. regulators among others

• Strengthening compliance and AML/CFT risk Identification and assessment.
• Maintenance, Review and updating of the Compliance and AML/CFT Policies and procedures.

• To conduct an annual risk assessment relating to financial crime and incorporate conclusions into current policies and requirements.

• Develop and ensure maintenance of a robust system that tracks compliance to establish legal, regulatory and policy parameters and prompt escalation of any exceptions or weaknesses.
• To agree with management remediation plans for all incidence of non-compliance with policy/procedure and follow up implementation on a timely basis and escalating to the Board as necessary.

• To make practical and acceptable recommendations where systems and procedures are in need of enhancement to counter the risk of financial crime
• Coordinating and maintaining regulator relationships to ensure ease of communication, information sourcing, and achievement of response timelines.

• Maintenance of the correspondent and counterparty Bank Register with regard to AML/CFT & KYC requirements.

• Respond to and liaise with correspondent banks on compliance queries and issues.
• Ensure that compliance to policies, procedures, standards and practices are properly communicated and followed by responsible Bank staff.
• Ensure preparation of monthly and quarterly compliance status reports for circulation to the Bank’s Board Committee and Management Committees.
• Periodically conduct audits and reviews to ensure execution of compliance standards.
• Deliver and facilitate training on compliance and financial Risk matters.
• Handle other duties as assigned to assist with the effective administration of the AML/CFT and KYC Policies.
• Monitoring and maintaining Compliance related expenses within budget.
• Assist the Head, Compliance and Regulatory Affairs in ensuring that budgeting for the department is done concisely and the budget is cost effective.
• Drive customer satisfaction through adherence to set service Level Agreements and issuing timely feedback to stakeholders.
• Identifying self-development and training needs and developing plans to satisfy areas identified for continuous improvement of skills.
• Identifying training needs for direct reports and developing plans to satisfy areas identified for continual improvement of skills.
• Coaching and mentoring direct report to derive efficient and optimal output while up-skilling them to grow their knowledge base.
• Developing staff and personal motivation and presentation skills for effective communication and execution of duties.

Job Specifications
Academic qualifications;
• A Bachelor’s degree in a business related field.

Professional Certifications:
• Professional qualification in Anti Money Laundering, Financial Crime Risk and Corporate Governance practices from a recognized institution will be an added advantage

Experience
• 5 years working experience in a banking environment or compliance management role with sound exposure to financial institution Regulatory and Compliance requirements