Role Overview
The Analyst Transaction Monitoring is primarily involved in detecting, investigating, and reporting suspicious financial transactions to prevent money laundering, terrorism financing, and other financial crimes. The role is responsible for the implementation, tuning, and enhancement of detective controls for Anti-Money Laundering (AML) transaction monitoring, as well as assisting in developing preventive controls for mitigating risks as per Group and Regulatory policies and procedures. Additionally, the analyst safeguards the Bank by ensuring it does not become a conduit for illicit financial flows, thereby maintaining regulatory compliance and protecting the bank’s reputation.
Key Responsibilities
- Alert Monitoring & Analysis: Conduct daily monitoring, review, and analysis of alerts generated on the Transaction Monitoring System (TMS) to identify suspicious or unusual activities (e.g., money laundering, terrorism financing, or fraud).
- Investigations: Investigate alerts using the TMS and other bank systems to determine if transactions are suspicious and require escalation.
- Payment Verification: Analyze and verify incoming and outgoing payment transactions to ensure compliance with AML laws, sanction regulations, and fraud prevention measures.
- Sanctions Screening: Screen payments against sanctions lists, embargo lists, Politically Exposed Persons (PEP) lists, and internal blacklists using specialized screening software.
- Data Validation: Collect and validate transaction data (sender/receiver details, amount, geographic info, purpose) to detect anomalies.
- Reporting: Prepare and submit Suspicious Activity Reports (SARs) or Suspicious Transaction Reports (STRs) in compliance with regulatory requirements. Maintain detailed documentation of investigations.
- Customer Identity Verification: Authenticate customer identities using Know Your Customer (KYC) procedures to confirm the legitimacy of transaction parties.
- System Optimization: Propose solutions for tuning and optimizing transaction monitoring rules and thresholds to minimize false positives.
- Risk Management: Review and assist senior management in mitigating major Regulatory/Financial crime risks by identifying and analyzing typologies and trends.
- Audit Support: Support regulatory audits and internal quality assurance reviews related to financial crime compliance.
- Collaboration: Partner with security, investigations, law enforcement, and regulatory agencies as needed.
Job Specifications
- Education: Bachelor’s Degree in Business. A professional qualification in Audit and Compliance is desirable.
- Experience: Overall banking experience with a minimum of 2 to 3 years specifically in Transaction Monitoring and applicable systems.
Competencies
- Technical Skills: Knowledge of anti-money laundering (AML) regulations, experience with transaction monitoring and sanction screening systems, analytical ability, compliance policy design, governance, and risk management.
- Soft Skills: Thinking and acting with customer focus, business and strategic acumen, ownership and accountability, digital mindset, change and innovation agility, and the ability to handle confidential information responsibly.
How to Apply
Please send your CV and cover letter to careers@dibkenya.co.ke by Wednesday, 11th March 2026. Quote the Job Title as the Subject of the email application.
