Lets Write Africa's Story Together!

Old Mutual is a firm believer in the African opportunity and our diverse talent reflects this.

Job Description

The role is to assist in Money Laundering, Know Your Customer, Financing of Terrorism & Proliferation Financing risk identification, measurement, monitoring, management, and reporting in line with Faulu Microfinance Bank Compliance Policy and Old Mutual Group Compliance requirements.

KEY MEASURABLE GOALS

Continuous monitoring of the evolution of the Bank’s Money laundering, financing of terrorism & Proliferation Financing risk through periodic update of the Bank’s AML/CTF/CPF Compliance key risk indicators.Assist in periodic review of the Bank’s AML, KYC, CTF & CPF policy and Sanctions Compliance policy in line with the Bank and Group requirementsReview of process flows and procedures for adequacy of AML, KYC, CFT & CPF Risks managementConduct periodic review and monitoring of the Bank’s AML, CFT, CPF customer, product, process, and geographical risk assessment framework.Conduct review of designated Very High Risk customer account opening files for approval by ManagementConduct daily transaction sanctions screening in line with set parameters and management of screening blacklists  Conduct daily AML, CFT, CPF transaction monitoring and continuous management of monitoring thresholds.Administration and management of KYC ReturnsReview of AML, KYC, PEPS, CFT & CPF findings from reports and monitor resolution progressConduct AML, CFT & CPF Risk Assessment on Bank counterpartiesCompletion of AML, KYC ,CFT & CPF risk questionnaires issued on the BankConduct AML, CFT & CPF Risk assessments on new products, geographical areas or any other risk profileAssist in roll out of new AML, CTF & CPF  related regulatory releasesAssist in follow-up for implementation of AML, KYC, CFT & CPF Audit recommendationsAdministration of internal and regulatory AML, CTF, CPF reporting including Suspicious Transaction Reporting, Cash Transaction Reporting and Annual Compliance ReportingPreparation of Monthly and Quarterly Management reports on AML, KYC, CFT & CPF Risk Participation in assigned meetings as a representative of the Compliance unitProvide advisory to all staff on all AML, KYC, CFT, CPF and Sanctions matters in the BankPerform other duties as assigned by the Compliance Manager or Head of Risk & Compliance

Education

Bachelors Degree in Business related / Law degree

Desirable

ACAMS or similar AML certification.

Knowledge and Skills

Open minded and solution oriented.Ability to influence with good negotiation skills.Good communication and interpersonal skills.Good Analytical skills.Proficiency in report writing.Ability to take initiative and follow through on defined tasksPossess high levels of integrity.Advanced computer skills in MS Office

Experience  

At least 3 years in AML / CFT / CPF operations.

Personal Attributes

Sound independent judgmentAttention to detailKeen follow upAbility to take initiative and follow through on defined tasks

Skills

Education

Closing Date

20 November 2024

The Old Mutual Story!