Role Purpose
Description
The Senior AML Analyst has the responsibility to perform the organization’s anti money laundering (AML) and counter terrorist financing (CTF) operations and ensuring that M-PESA and any other qualifying service offered by the organization is/are compliant with provisions of the AML Act 2006
Key Accountabilities And Decision Ownership
- Maintain detailed knowledge of current AML regulations, legislation requirements, as well as future developments within the AML scope. This should drive the change to existing procedures
- Implement adequate AML and CTF controls to ensure that all possible areas of AML & CTF concerns are covered.
- Perform regular reviews of all AML & CTF controls to assess effectiveness. Including;
- Sanction and Politically Exposed Person (PEP) screening program and where there are deficiencies; recommend changes
- Transaction monitoring program and where there are deficiencies; recommend changes.
- Customer Due Diligence program and where there are deficiencies; recommend changes.
- Suspicious Activity Reporting (SAR) management program and where there are deficiencies; recommend changes.
- Prepare weekly/monthly/quarterly reports to internal stakeholders and management on the state of Compliance and follow through for resolution of the same.
- Follow-up of implementation of recommendation made by the Internal Audit & annual Vodafone AML audit team or any other regulatory audit.
- Report control weaknesses or lapses to senior management in a timely manner, recommend mitigation controls or process changes and follow up implementation of agreed actions
- Maintain strong working relationship with internal stakeholders e.g. Financial services, Big Data & Business Analytics, Regional Sales & Operations, Corporate Security, Corporate Affairs, Customer Operations and relevant departments to ensure that compliance issues are regularly discussed and addressed
- In liaison with the MLRO, manage the performance of outsourced AML activities, define performance indicators, assign tasks, and define goals and objectives for them
Core Competencies, Knowledge And Experience
- Knowledge and understanding of International Anti-money laundering efforts and agencies (e.g FATF).
- Knowledge in report writing.
- High level of computer literacy exceptionally conversant with Word and excel.
- Solid interpersonal, analytical skills and customer oriented approach.
- Strong communication skills, fluency in English and Kiswahili.
- Strong database skills, including working with advanced data sets, pivot tables, advanced database and statistical functions and methods.
- Excellent use of Excel and other analytical tools.
- Ability to quickly grasp and understand business unit specific AML risks, develop comprehensive user requirements, and provide recommendations for appropriate automated solutions to mitigate those risks
Must Have Technical/professional Qualifications
- Bachelor’s degree or equivalent.
- Professional qualification in Anti Money Laundering will be added advantage.
- At least three (3) years’ experience working as Analyst in AML space in financial or non-financial institutions.
Job Responsibility
- Delivers day-to-day aspects Risk and Compliance, reviewing, creating awareness, training and administration, as well as recommending improvements and implementing systems and controls within markets.�Has a good understanding of Risk and Compliance procedures and concepts and advices on processes and activities to ensure a consistent approach across markets to managing risks, protecting reputation, improving efficiency and driving growth;
Skills
Controlling Risk
Risk Assessment
Risk Management Process
Risk and Compliance
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