Money Laundering Reporting Officer ( Kenya/Tanzania/EAC )

Responsibilities: AML / CFT / Sanction compliance - Ensure effective AML/CTF/Sanction compliance throughout the business. - Identify AML/CTF/Sanction risks associated with the business practices, products and services. - Monitor developments and new trends in the Kenya / Tanzania and other EAC countries AML framework. - Maintain and further development of AML/CTF/Sanction policy, program, practices and procedures in order to be in compliance with the current regulation, requirements of external partners and best practices.   Regulatory compliance - Be the central point of contact with the Central Bank for anti-money laundering/ combating the financing of terrorism purposes. - Ensure that the business meets its regulatory requirements and mitigate AML/CTF/Sanction risks to avoid breaches, fines and regulatory sanctions. - Assess the effectiveness and adequacy of the policy, procedures and controls through regular or special AML audits. - Assess internal trends, external regulatory & law enforcement environment to make recommendations, understand risk areas and alter or add to current processes. - Prepare periodic reports to the management and regulatory bodies, e.g. Annual and semi-annual AML/CTF compliance officer Report, annual AML Risk Assessment Report, annual AML program, etc. - Assist with regulatory inquiries and inspections, internal and external audits. - Assist with development and adaption of the internal system and other utilized systems for AML purposes. - Be responsible for periodic regulatory reports or returns on AML/CFT matters to the Central Bank and any other regulator within the financial system e.g annual compliance report via goAML system etc. - Provide advice and assistance to other functions dealing with AML/CTF/Sanction related matters.   Training & Awareness - Prepare and provide tailor-made AML/CTF/Sanction training for Board, Management and all Staff.    Transaction Monitoring - Identifying, monitoring, and reporting of STRs and CTRs.  - Continuously improve transaction monitoring systems to detect & report suspicious activities. - Perform ad-hoc reviews to ensure the effectiveness of transaction monitoring processes & procedures. - Ensure that when appropriate, the information or other matter leading to knowledge or suspicion, or reasonable grounds for knowledge or suspicion of ML/TF  is properly disclosed to the Board.   Merchant KYC/KYB & Onboarding - Oversee and manage the Know Your Customer (KYC) onboarding process for new customers and review & update existing customers. - Establish and maintain an effective Customer Due Diligence/Enhanced Due Diligence risk rating and ensure ongoing assessments. - Ensure compliance with local and international regulatory requirements related to customer identification and verification.   Remittance Compliance - Ensure compliance procedures specific to remittances and cross-border payments. - Ensure adherence to regulatory requirements governing remittance services.   Requirements: - 10+ years of effective working experience as AML/CFT compliance officer or Deputy AML/CFT compliance officer at Kenyan regulated Bank or Electronic Money Institution or Payments company. - Experience in liaising with bank-partners (correspondent banks), auditors, financial regulators and the ability to handle regulatory inquiries and inspections, as well as audits and requests. - Solid experience in drafting, reviewing and updating of AML/CTF/Sanction policies and procedures relevant to the business in order to reflect industry best practices, the evolving regulatory environment and changes to the business. - Solid experience in implementation and monitoring of AML/CTF/Sanction related practices and measures throughout the business. - Excellent analytical and organizational skills with strong attention to detail. - Confidence to interact with individuals from all levels of the business and relevant external partners. - Additioanal certificate – e.g. CAMS, ACAMS, ICA. - University degree in a relevant field.