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Job Purpose

The analyst is responsible for efficient identification and detection of money laundering and terrorist financing activities/ transactions in the Bank and ensure timely reporting of suspicious transactions to the Compliance Manager. The analyst is further required to review and address any ML, FT, and Sanctions related alerts and information. The analyst will support the Compliance Manager to ensure that the DIB Bank Kenya limited business operates in accordance with Group and Kenya AML/Sanctions/ABC policies and procedures, and local regulatory requirements.

Key Responsibilities

AML Alert investigation, review the scenario triggered, analyze the transaction(s), query to branch, receive and review information from the branch and close alert/case within required timelines.
Customer Due Diligence-View the alerts and create a case, review the case, and review the Enhanced Due Diligence (EDD), conduct preliminary investigation, update of customer risk level. Maintain database.
Sanctions alert investigations, query and closure at onboarding and ongoing basis.
Sanctions alert investigations from electronic payments, e.g., SWIFT to review and release payments in real time as Level 1.
Review Cash Transactions above a prescribed threshold daily; including triggers that occur real time.
Correspondent bank queries: review and investigate the customer(s) and transactions and update query log for tracking with the branch to close outstanding items.
Complete AML Questionnaires from Correspondent banks and other FI’s.
Data analysis of KYC data capture gaps in the system for corrective measures to be applied, maintain database of high-risk customers.
Extract and submit the Cash Transactions Report on weekly basis to the Financial Reporting Centre.
Perform User Acceptance Tests on update of system or various system customizations as they may arise.
Prepare periodic (weekly, bi-weekly, monthly, quarterly, and annual) internal and external reports for review by the Compliance Manager.
Action instructions received from the Financial Reporting Centre, Central Bank of Kenya, and other internal and external sources.
Assist the Manager with the training and record retention.
Support the Manager in responding to queries from DIB staff on Compliance queries.
Investigate suspicious transactions/ activity reports submitted by the branches or units in the bank and escalate to Compliance manager for review and decision.

Job Specification

Education	Bachelor’s Degree from a recognized university.
Training Skills	Accounting & Financial Capability Banking Operations Treasury Front/ Back office Products & Processes Knowledge & Skills Relevant Product Knowledge
Work Experience	Minimum 2-3 years’ experience in a similar role in a financial institution. Extensive) knowledge of local and international AML\CFT\CPF regulations, FATCA & Sanctions. Good understanding of relevant banking regulatory requirements, CBK Prudential Guidelines, Risk Management guidelines.
Competencies	Analytical Thinking Planning & Organizing Problem Solving Skills Negotiation Presentation skills Communication Skills Good knowledge of Islamic banking operational process

How to apply:

Please send your CV and cover letter to careers@dibkenya.co.ke by Tuesday, 5th November 2024, Quoting Senior Officer-AML/CFT as the subject of the email application. 