Supervisor, KYC & AML Compliance

SBM Bank Kenya is seeking a Supervisor for KYC & AML Compliance. The primary purpose of this role is to ensure that the Bank adheres to and remains compliant with all relevant laws, regulations, and best practices regarding Customer Due Diligence (CDD) and Anti-Money Laundering (AML). This includes oversight of compliance with the Proceeds of Crime and Anti-Money Laundering Act 2009, CBK Prudential Guidelines (PG/08), and standards for Combating the Financing of Terrorism.

Key Roles & Responsibilities

Customer Due Diligence (CDD) - 35%

• Review customer KYC/AML documentation to ensure all requisite paperwork is provided according to bank standards and that information is comprehensive and consistent.
• Maintain adequate customer KYC/AML records for all bank customers as required by law.
• Prepare and maintain case management reports for all reviewed KYC/AML files.
• Screen all clients at the point of onboarding against known sanction lists, internal blacklists, and the PEP database.
• Undertake customer risk profiling and regular money laundering/terrorism financing risk assessments.
• Maintain internal blacklists and conduct Enhanced Due Diligence (EDD) on customers classified as High Risk.

Transaction Monitoring and Reporting - 30%

• Regularly analyze customer transaction reports to identify split transactions, large cash transactions (CTRs), and suspicious transactions (STRs) for reporting to the Financial Reporting Center (FRC).
• Follow up on alerts flagged by the AML monitoring tool and document all actions taken.
• Maintain a comprehensive register of all identified split, large cash, and suspicious transactions.
• Request additional supporting documentation or explanations for transactions flagged as suspicious by automated systems.

KYC/AML Programme Development & Enforcement - 7.5%

• Participate in the development, implementation, and enforcement of the Bank’s KYC/AML compliance programme.
• Contribute to the enhancement of the Bank’s KYC/AML Risk Calculator.
• Monitor and ensure adherence to agreed Turnaround Times (TATs) and Service Level Agreements (SLAs) with other departments.

Leadership & Stakeholder Engagement - 7.5%

• Promote a culture of compliance within the bank through inductions and conducting regular training and sensitization sessions.
• Stay updated on industry best practices and regulatory changes related to KYC and AML by participating in forums and workshops.
• Coordinate responses to inquiries or requests for information from regulators, correspondent banks, and other stakeholders regarding the Bank’s KYC/AML programmes.

Reporting - 20%

• Prepare and submit weekly activity reports and maintain an up-to-date customer risk profiles register.
• Maintain a register of clients classified as Politically Exposed Persons (PEPs).
• Submit all statutory and regulatory reports required by regulators concerning KYC/AML.
• Prepare KYC/AML compliance risk assessment reports and updates for Management and the Board.

Knowledge, Skills, and Experience Required

• A Bachelor’s Degree.
• At least 3+ years of experience in a banking environment, specifically in a compliance role or branch operations.
• Familiarity with AML software systems, database tools, and Microsoft Excel.
• Professional certification in ACAMS or ICA is considered an added advantage.
• Strong analytical, communication, writing, and reporting skills.
• Excellent attention to detail and ability to work as a team player.

How to Apply

Interested and qualified candidates should apply online via the SBM Bank website at www.sbmbank.co.ke. Alternatively, you can access the application portal directly here: https://www.myjobmag.co.ke/apply-now/1216051.