Anti – Money Laundering and Know Your Customer (AML & KYC) Analyst

The purpose of the AML & KYC analyst is to perform AML/CFT compliance functions and reviewing KYC. Such functions include implementing the Bank's AML/CFT compliance program, conducting investigations, analysis and responding to Money Laundering/ Terrorism Financing (ML/TF) cases, identifying points of compromise and potential loss. The AML & KYC analyst is also responsible for ensuring efficient identification, monitoring and timely reporting of suspicious activities and transactions across the Bank network.

Responsibilities

• Implement adequate AML/CTF/CPF controls to ensure that all possible areas of AML/CTF/CPF concerns are covered.
• Perform ongoing Sanctions and Politically Exposed Persons (PEP) screening reviews, investigate alerts, and escalate potential matches in accordance with established procedures
• Support the administration and effectiveness assessment of the transaction monitoring programme, including the review, analysis, and resolution of generated alerts
• Manage and support the Suspicious Activity/Transaction Reporting (SAR/STR) process, including case investigation, documentation, escalation, and regulatory reporting via the transactions monitoring tool
• Conduct Adverse Media and Negative News reviews on customers and related parties, assessing potential financial crime and reputational risks
• Coordinate and manage responses to investigative orders, regulatory inquiries, law enforcement requests, and other information requests from competent authorities
• Monitor incoming and outgoing funds from AML/CTF and ensure no undetected non- compliant funds are received via the sanction screening system.
• Obtain supporting documents, review, and approval of SWIFT/RTGS incoming from funds received from Government institutions including parastatals.
• Collect documentary proof, build, maintain case files for transactions deemed suspicious and ensure effective record keeping in line with Proceeds of Crime and AML (POCAMLA) regulations 2013.
• Assist in implementing a bank-wide AML/CTF/CPF program through risk awareness training program for all staff especially on identification and reporting of suspicious transactions
• Maintain detailed knowledge of current AML/CTF/CPF regulations and keep track of developments within the AML/CTF/CPF scope, sanctions, terrorist financing issues, including policies, procedures, regulations, industry best practice, criminal typologies and developing trends.
• Prepare weekly, monthly and quarterly reports on the state of AML/CTF/CPF program to the MLRO
• Monitor and track closure of management actions from the compliance reviews, regulators' and internal & External auditors' reports.
• Coordination of KYC renewal of Clients categorized as High, Medium, and Low and ensure that a customer's profile is up to date in liaison with Manager compliance, Business Development and Operations department
• Preparing Daily/ Monthly /Quartey / Annual reports on transactions Monitoring, AML alerts and report for potential suspicious activity
• Conduct internal AML/CTF, ABC and KYC trainings as provided by CBK Prudential Guidelines through face to face and online activities.
• Performing Enhanced Due Diligence (EDD) measures for High- Risk customers i.e., PEPs, POIs.
• Monitoring compliance with internal policies, procedures, and guidelines by performing regular and comprehensive compliance assessments and testing.
• Monitoring compliance with CBK Prudential Guidelines, ACTS and Legislations by performing regular and comprehensive compliance assessments and testing.
• Maintain and regularly update a compliance issues database with compliance findings by regulator and auditors and from internal reviews, tracking closure actions and escalate long outstanding items to Compliance Manager

Qualifications

Statement regarding minimum educational and experience qualifications, required proficiencies with specialized knowledge, required certifications

• A Bachelor's degree preferably in a business related field from a recognized University
• At least 2 years' banking experience
• Monitor and track closure of management actions from the compliance reviews, regulators' and External auditors' reports.
• Possession of Anti-Money Laundering diploma or Professional certification with an organization, such as the Association of Certified Anti-Money Laundering Specialists (ACAMS), will be a distinct advantage
• Superb data analysis skills coupled with ability to organize and analyze complex data sets
• Ability to easily grasp and comprehend AML risks in the bank and to develop user requirements as well as recommend automated solutions to mitigate those risk