CoE LEAD / HOD– AML(MLRO)Money Laundering Reporting Office
Kenya
Trending
Job Description
Reporting to the Cluster Lead/Chief Corporate Security Officer the position holder’s overall purpose will be to:
- Lead the organization’s anti money laundering (AML), counter terrorist financing (CTF)and counter proliferation financing (CPF) operations.
- Ensure that M-PESA and any other qualifying service offered by the organization is/are compliant with provisions of POC & AML Act 2009 and related legislation.
- Ensure that the subscriber network is compliant with applicable legislation governing subscriber registration.
- Ensure that agent, staff and supplier due diligence is in compliance with the AML/CPF/CTF Regulations
- Ensure controls are in place to prevent the M-PESA service and related products from being used by criminals to launder money, fund terrorism, or commit other crime.
Responsibilities
Overall Responsibilities and Accountabilities
- Ensure the business has the appropriate level of controls to meet local and group policies as well as local and international regulatory AML/CPF/CTF requirements.
- Maintain a detailed knowledge of current AML/CFT/CPF regulations, legislation requirements, as well as future developments within the AML, CFT& CPF space and update Safaricom’s internal AML/CFT/CPF policies and procedures as appropriate.
- Assess the effectiveness of AML and CTF controls within the business – (Mpesa, Sub registration, Agent Staff and Supplier Due Diligence)
- Assess the effectiveness of the AML team’s Sanction and Politically Exposed Person (PEP) screening program.
- Assess the effectiveness of the AML team’s transaction monitoring program.
- Assess the effectiveness of the AML team’s Suspicious Activity Reporting (SAR) management program and ensure compliance with regulatory reporting requirements.
- Develop and maintain an effective sanctions/watch list screening process based on international and local watch-lists.
- Develop and maintain an effective AML and KYC training program across the operation function.
- Develop and maintain a team of analysts and AML professionals ensuring adequate cover, and succession planning.
- Own the SAR reporting, Sanction/PEP Screening, transaction monitoring and training requirements.
- Produce annual reports and biannual updates to senior management detailing the activities and effectiveness of the AML team, company controls and significant breaches of AML defences and make recommendations for remedial action.
- Develop and manage regular reporting of AML issues to the Financial Reporting Centre and the Regulator as stipulated in POC and AML act or as per regulatory requirements.
- Develop and maintain a Proactive AML risk assessment policy with clear advice to business on KYC requirements, AML risks and mitigating controls.
- Follow-up of implementation of recommendations made by the annual Vodafone AML audit team or any other regulatory audit.
- Strengthen the AML Function by maintaining and developing a strong working relationship with appropriate bodies including LEAs, Regulators, other MLROs, business and financial industry partners and AML professionals etc. are addressed.
Qualifications
Qualifications
- Bachelor’s degree in law / Business or Technical field
- AML Qualification-Diploma level/CAMS/CFE Professional certifications
- An experienced AML professional with 7 or more years’ experience at Least 3 of which should be in AML and/or financial crime compliance in a financial institution or similar organizations.
- Highly developed knowledge of techniques to identify indicators of money laundering, terrorist financing and financial crime prevention and investigation techniques, legislation, and regulations.
- Thorough in work with a high level of attention to detail with a keen mind and positive outlook.
- Demonstrable data analytics skills
- Knowledge of Mobile Money and financial services is essential.
- High degree of personal integrity
- QA/Audit experience – Desirable
- Experience of policy and procedures development and implementation
- Ability to influence senior management, and act autonomously where required
How to Apply
If you feel that you are up to the challenge and possess the necessary qualification and experience, kindly proceed to update your candidate profile on the recruitment portal and then Click on the apply button. Remember to attach your resume.
About Us
We are the leading telecommunication company in East Africa. Our purpose is to transform lives by connecting people to people, people to opportunities and people to information. We keep over 42 million customers connected and play a critical role in the society, supporting over one million jobs both directly and indirectly while our total economic value was estimated at KES 362 Billion ($ 3.2 billion) for the 12 months through March 2021.
We are listed on the Nairobi Securities Exchange (NSE) and with annual revenues of close to KES 298 Billion ($2.5 billion) as at March 2022. We were founded in 1997 as a fully owned subsidiary of Telkom Kenya before a 40 percent acquisition by Vodafone Group PLC in May 2000, and a public offering of 25 percent shares through the NSE in 2008.
Under the management of Vodafone Group PLC, we welcomed Michael Joseph, as our first CEO, a few months later in July of 2000. He led the company’s growth to accommodate 16.71 million subscribers from the previous 20,000, largely owing to innovative products like M-PESA in 2007.
