Business Financial Crime Surveillance Analyst at Equity Bank Kenya

Job Description

In line with enhancing career progression of staff and to support business growth, we seek to Internally recruit a qualified, experienced, self-driven, highly motivated and passionate candidate to fill the following poition.

Job Purpose:

This AML analyst/ Business Financial Crime Surveillance Analyst role is instrumental in the Bank’s fight against financial crime. The role acts as the frontline of defense against money laundering, terrorism financing and proliferation financing activities. It monitors, analyzes and escalates suspicious transactions/activities. The role is at Senior Officer/ Assistant Manager Level.

Key Responsibilities

Review and analyze customers’ transactions to identify patterns that could indicate AML/CFT/PF suspicious or illegal activity.

Review all alerts/triggers (manual and automated) on accounts/customer activities for potential suspicions and further escalations.

Compile and submit Suspicious Transactions/Activity Reports (SARs) to the MLRO for review and escalation to the Financial Reporting Centre (FRC).

Assist in ensuring that EBKL complies with Local laws & Regulations (e.g. POCAMLA) and International Guidelines (e.g. FATF).

Assist in training other staff members on AML/CFT/PF compliance requirements and the identification of suspicious activities.

Perform Name/Identity Screening (T+1 & Real Time Processing)

Perform Transaction Monitoring, Sanctions Investigation and Reporting.

Perform Real-Time Transaction Screening (Payments Verification)

Financial Crime Compliance Analysis and Reporting.

Support in Systems and Scenarios Reviews including fine tuning.

Conduct Post-Investigation Action and escalation to MLRO

Conduct In-depth Financial Crime Deep Dives & Complex Investigations

Support in CFCC Technology & Data support.

Assist in timely preparation and circulation of required periodic compliance and financial crime reports to Regulators, Management and Executive Committees, the Board and the Board Audit and Risk Committee (BRAC).

Perform any other duty assigned by the manager and as per the CFCC Program.

Qualifications

Education and Qualifications:

Bachelor’s degree in finance, Accounting, Business Administration or any other business-related course.

2-5 years of experience in Financial Crime Compliance, banking, or financial services, with specific exposure to AML operations, Name and Transactions Screening, monitoring, and reporting.

Experience working with AML software tools (e.g. Transactions monitoring solutions Screening solutions) to screen, monitor and analyze transactions.

Experience in CFCC Frameworks, Policies, Standards and Procedures.

Prior experience in financial crime investigation or financial risk management roles.

In-depth Knowledge of AML Regulations Familiarity with local and international regulations (e.g., Kenya’s POCAMLA, FATF recommendations, EU directives, and other relevant laws) is crucial.

Knowledge of Sanctions and PEPs (Politically Exposed Persons): Understanding of the legal obligations and guidelines for screening clients against sanctions lists and PEP lists

Key Skills and Competencies:

Strong Analytical Skills: Ability to analyze complex data and identify trends, patterns, or irregularities that might indicate suspicious activity.

Attention to Detail: Precision in identifying discrepancies or unusual behavior in financial transactions.

Report Writing and Documentation Skills: Ability to write clear, concise, and comprehensive reports on suspicious activities or compliance reviews.

Communication Skills: Strong written and verbal communication skills to interact with senior management, regulatory bodies, and law enforcement when necessary.

Problem-Solving Skills: Ability to make decisions based on data analysis, investigation results, and in line with legal requirements