Business Analyst 2, Compliance and Market Conduct (Business Analyst 2) at Central Bank of Kenya

Job Purpose

Assist in the drafting of policies and guidelines for market conduct, Anti-Money Laundering (AML), Combating Financing of Terrorism (CFT) and Combating Proliferation Financing (CPF) for institutions licensed by CBK and conducting AML/CFT/CFP onsite examinations and offsite surveillance.

Key Duties and Responsibilities

Strategic Responsibilities


Implement and enforce AML/CFT/CPF laws in the banking sector.
Contribute as appropriate to the performance of other functions and to the overall achievement of the Bank's strategic objectives.


Technical and Operational Responsibilities


Review of AML/CFT/CPF existing laws, regulations and prudential guidelines; and contribute to the development of new laws, regulations and guidelines for institutions licensed by CBK.
Research on international best practices for effective AML/CFT/CPF supervision for the banking sector.
Respond to queries on AML/CFT matters from both internal/external stakeholders.
Assess AML/CFT/CPF compliance by all institutions with banking sector laws, regulations and guidelines.
Undertake AML/CFT/CPF onsite examination/inspection and offsite surveillance of institutions licensed by CBK.
Analyse periodic AML/CFT/CPF returns submitted to CBK by financial institutions.
Prepare AML/CFT/CPF inspection manuals and operational plans.
Conduct periodic reviews of ML/TF/PF risk assessments of financial institutions. and undertake sectoral ML/TF/PF risk assessments and periodic ML/TF/PF risk assessments of institutions.
Implement the risk-based AML/CFT/CPF supervision framework unique to each institution; monitor its effectiveness by developing and updating institution profiles; plan and schedule supervisory activities.
Process, analyse and make appropriate AML/CFT/CPF recommendations on applications for new products and vetting of senior managers and directors of banks.
Initiate and draft Memorandum of Understanding for supervisory cooperation and information exchange with other national, regional and international regulators.
Prepare AML/CFT/CPF status reports for ESAAMLG and FATF and participate in their activities.
Liaise with the Financial Reporting Centre on AML/CFT/CPF matters
Implement AML/CFT/CPF and Market Conduct related recommendations from
collaborations with domestic and international financial regulators regional and international financial inclusion initiatives/organisations and development partners.
Research on emerging challenges and market dynamism.
Adherence to Bank policies, procedures, guidelines and relevant legislation.
Undertake knowledge development to achieve high levels of performance.
Any other assigned duties and responsibilities.


Qualifications


Bachelor's Degree in Management, Economics, Insurance, Law, Finance or related discipline from a reputable university.
Professional qualification(s) in Accounting, Law, Finance, Banking or related discipline is an added advantage.


Work Experience


At least two (2) years post-qualification experience in Prudential/Bank Supervision, Financial Analysis, Auditing, Accounting, and Commercial Banking Operations.