ROLES AND RESPONSIBILITIES<\/p>\n
\tDevelop, implement, and maintain the AML\/CFT\/CPF compliance framework, policies, and procedures in line with POCAMLA, PTA, IRA guidelines, and FATF recommendations.
\n\tConduct periodic reviews and updates of AML\/CFT\/CPF policies to ensure alignment with evolving regulatory requirements, including amendments to POCAMLA and related legislation.
\n\tAssist the MLRO as a liaison between ICEA LION Life Assurance and the Financial Reporting Centre (FRC), Insurance Regulatory Authority (IRA), and other relevant regulatory bodies on AML\/CFT\/CPF matters.
\n\tConduct enterprise-wide AML\/CFT\/CPF risk assessments to identify, assess, and document money laundering, terrorism financing, and proliferation financing risks.
\n\tDevelop and maintain risk matrices, risk appetite statements, and key risk indicators (KRIs) for AML\/CFT\/CPF compliance monitoring.
\n\tMonitor and assess emerging financial crime risks, including those arising from new products, services, delivery channels, and geographic exposure.
\n\tOversee the implementation of Customer Due Diligence (CDD) and Enhanced Due Diligence (EDD) procedures, ensuring compliance with regulatory requirements for customer identification and verification.
\n\tEstablish and maintain Know Your Customer (KYC) standards, including beneficial ownership identification and verification processes in line with the Companies Act and POCAMLA requirements.
\n\tDevelop and implement procedures for handling Politically Exposed Persons (PEPs), high-risk customers, and customers from higher-risk jurisdictions as defined under POCAMLA.
\n\tOversee transaction monitoring systems and processes to detect suspicious activities, unusual patterns, and potential financial crime indicators.
\n\tManage customer and transaction screening against sanctions lists, including UN Security Council sanctions, and ensure compliance with Targeted Financial Sanctions (TFS) requirements.
\n\tReview and investigate AML alerts, escalate findings appropriately, and maintain comprehensive case management documentation.
\n\tPrepare and submit Suspicious Transaction Reports (STRs), any Cash Transaction Reports (CTRs), and other mandatory reports to the Financial Reporting Centre within prescribed timelines.
\n\tEnsure timely submission of Annual Compliance Reports, reports on customers from higher-risk countries, and other regulatory returns as required by the FRC and IRA.
\n\tMaintain registration and compliance with goAML reporting system requirements and ensure accurate, complete record-keeping as mandated under POCAMLA regulations.
\n\tDesign, develop, and deliver comprehensive AML\/CFT\/CPF training programs tailored to various business units, including underwriting, claims, business development, and agency networks.
\n\tPromote and reinforce a strong culture of financial crime prevention throughout the organization, emphasizing the importance of AML\/CFT\/CPF obligations and reporting responsibilities.
\n\tStay current with regulatory developments, industry best practices, FATF guidance, and emerging financial crime typologies relevant to the insurance sector.
\n\tPrepare comprehensive AML\/CFT\/CPF reports for the Board Audit and Risk Committee, senior management, and regulatory authorities as required.
\n\tCoordinate and facilitate internal and external AML\/CFT\/CPF audits, regulatory inspections, and examinations, ensuring timely closure of identified issues.
\n\tMaintain accurate and complete AML\/CFT\/CPF records for a minimum period of seven years as required under POCAMLA, ensuring accessibility for regulatory audits and inspections.
\n\tCollaborate with the Group Risk and Compliance function to ensure alignment of AML\/CFT\/CPF practices across other ICEA LION Group subsidiaries.
\n\tLiaise with internal stakeholders including Legal, Internal Audit, IT, Operations, and Business Development on AML\/CFT\/CPF related matters.
\n\tConduct due diligence reviews on intermediaries, business partners, and third-party service providers to assess AML\/CFT\/CPF risks.<\/p>\n
ACADEMIC AND PROFESSIONAL QUALIFICATIONS AND KNOWLEDGE<\/p>\n
\tA Bachelor’s degree in Finance, Economics, Law, Actuarial Science, or a Business-related field. A postgraduate Master’s degree and professional qualification in Compliance, Risk Management, or Anti-Money Laundering will be an added advantage.
\n\tProfessional certification in AML\/CFT such as Certified Anti-Money Laundering Specialist (CAMS), ICA International Diploma in Anti-Money Laundering, or equivalent certification from a recognized body is highly desirable.
\n\tDemonstrated in-depth understanding of the Kenyan regulatory environment including the Proceeds of Crime and Anti-Money Laundering Act (POCAMLA), Prevention of Terrorism Act (PoTA), Insurance Act, Insurance Regulatory Authority (IRA) guidelines, and Financial Reporting Centre (FRC) requirements.
\n\tStrong knowledge of FATF Recommendations, international AML\/CFT\/CPF standards, sanctions regimes, and emerging financial crime typologies.
\n\tComprehensive understanding of life insurance operations, products, distribution channels, and associated money laundering and terrorism financing vulnerabilities.
\n\tProficiency in AML screening tools, transaction monitoring systems, and regulatory reporting platforms.
\n\tExcellent analytical, investigative, and problem-solving skills with the ability to identify and assess complex financial crime risks.
\n\tStrong written and verbal communication skills, including the ability to prepare comprehensive reports and deliver effective training programs.
\n\tDemonstrated high integrity, ethical standards, and commitment to confidentiality.a<\/p>\n
Apply Through:<\/p>\n
career55.sapsf.eu<\/p>\n","protected":false},"author":2,"featured_media":0,"template":"","meta":{"_promoted":"","_job_location":"","_application":"http:\/\/career55.sapsf.eu","_company_name":"ICEA Lion Group","_company_website":"https:\/\/www.icealion.com\/","_company_tagline":"As one of the largest insurers and financial services companies in East Africa, we have decades of experience in helping discerning individuals protect and create their wealth. But that\u2019s not all. We also keep an eye firmly on the future, using innovation to craft financial products and services t... read morehat we know you need in today\u2019s constantly changing world. By trusting us with your wealth, you can shape a secure financial landscape for yourself and get the financial freedom you really deserve.","_company_twitter":"","_company_video":"","_filled":0,"_featured":0,"_remote_position":0,"_job_salary":"","_job_salary_currency":"","_job_salary_unit":""},"job_listing_region":[692],"job-categories":[693,701,702],"job-types":[687],"class_list":{"0":"post-91407","1":"job_listing","2":"type-job_listing","3":"status-publish","4":"hentry","5":"job_listing_region-nairobi","7":"job-type-full-time"},"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/jobs.dataaxisnode.com\/kenya\/wp-json\/wp\/v2\/job-listings\/91407","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/jobs.dataaxisnode.com\/kenya\/wp-json\/wp\/v2\/job-listings"}],"about":[{"href":"https:\/\/jobs.dataaxisnode.com\/kenya\/wp-json\/wp\/v2\/types\/job_listing"}],"author":[{"embeddable":true,"href":"https:\/\/jobs.dataaxisnode.com\/kenya\/wp-json\/wp\/v2\/users\/2"}],"wp:attachment":[{"href":"https:\/\/jobs.dataaxisnode.com\/kenya\/wp-json\/wp\/v2\/media?parent=91407"}],"wp:term":[{"taxonomy":"job_listing_region","embeddable":true,"href":"https:\/\/jobs.dataaxisnode.com\/kenya\/wp-json\/wp\/v2\/job_listing_region?post=91407"},{"taxonomy":"job_listing_category","embeddable":true,"href":"https:\/\/jobs.dataaxisnode.com\/kenya\/wp-json\/wp\/v2\/job-categories?post=91407"},{"taxonomy":"job_listing_type","embeddable":true,"href":"https:\/\/jobs.dataaxisnode.com\/kenya\/wp-json\/wp\/v2\/job-types?post=91407"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}