SBM Bank Kenya is looking for a Supervisor, KYC & AML Compliance. The purpose of this role is to ensure that the Bank adheres to and is compliant with the laws, regulations, and best practices pertaining to the conduct of Customer Due Diligence (CDD) and Anti-Money Laundering (AML), such as the Proceeds of Crime and Anti-Money Laundering Act 2009 and CBK Prudential guidelines.
Key Roles & Responsibilities
Customer Due Diligence (CDD) (35%)
- Review customer KYC/AML documentation to ensure all requisite documentation per standards/checklist has been provided and is comprehensive and consistent.
- Ensure adequate customer KYC/AML records are maintained for all the Bank’s customers as required by law.
- Prepare and maintain case management reports for all customers whose KYC/AML files have been reviewed.
- Screen all clients at the point of on-boarding against known sanction lists, internal blacklists, and PEP databases.
- Undertake customer risk profiling as per the Bank’s KYC/AML policy.
- Undertake regular money laundering/terrorism financing risk assessments.
- Assist in updating and maintaining internal blacklists against which customers are screened.
- Conduct Enhanced Due Diligence (EDD) on customers classified as High Risk.
- Perform other duties as assigned by the Senior Manager and/or Chief Compliance Officer.
Transaction Monitoring and Reporting (30%)
- Review and analyze customer transaction reports regularly to identify split cash transactions, large cash transactions, or suspicious transactions for reporting to the Financial Reporting Center (FRC).
- Follow up on alerts flagged by the AML monitoring tool and document actions taken to close the matters arising.
- Prepare and maintain reports (registers) on all split transactions, large cash transactions, and suspicious transactions identified.
- Request additional supporting documentation or obtain explanations for transactions flagged as suspicious by the automated system.
Development, Implementation, and Enforcement (7.5%)
- Participate in the development, implementation, and enforcement of the Bank’s KYC/AML compliance programme.
- Contribute to the development and enhancement of the Bank’s KYC/AML Risk Calculator.
- Track and ensure that agreed Turnaround Times (TATs) and Service Level Agreements (SLAs) with other departments are monitored and adhered to.
Leadership & Stakeholder Engagement (7.5%)
- Assist management in promoting a culture of compliance through staff induction and regular training/sensitization sessions.
- Maintain a framework for the conduct of KYC/Due Diligence and enforcement of the AML programme.
- Actively participate in industry forums and workshops to stay updated on new developments and regulatory changes.
- Coordinate and respond to inquiries from regulators, correspondent banks, and other interested parties.
Reporting (20%)
- Prepare and submit weekly activity reports.
- Maintain an up-to-date customer risk profiles register and PEP register.
- Prepare and submit all statutory/regulatory reports required by the regulator regarding KYC/AML.
- Prepare and maintain up-to-date KYC/AML compliance risk assessment reports.
- Assist in the preparation of board and management papers giving updates on compliance status.
Key Relationships
- Direct Reports: N/A
- Customers of this Position: Operational Risk Committee (ORCO) & All Branches and Departments
Requirements for the Role
- Experience: At least 3+ years’ experience in a banking environment, working in a similar role and/or with experience in branch operations.
- Education: Bachelor's Degree.
- Professional Certifications: Professional certification in ACAMS or ICA is an added advantage.
- Tools: Familiarity with AML software systems, database tools, and Microsoft Excel.
- Communication: Good communication, writing, and reporting skills.
Competencies
- Analytical skills and attention to detail.
- Team player with the ability to create and innovate.
- Delivering results and exceeding customer expectations.
- Strong planning, organizing, and researching skills.
How to Apply
Interested and qualified candidates should apply online through the SBM Bank application portal on the official website: www.sbmbank.co.ke. Alternatively, you can use the direct application link: Apply for Supervisor, KYC & AML Compliance.
