• Enhance and implement best -in-class AML Compliance policies and practices. Develop and review policies and procedures relating to all aspects of Anti-Money Laundering, Counter Terrorist Finance, Sanctions and Anti-Bribery & Corruption activity.
• Report suspicious activity to the relevant authorities in a timely manner as the Money Laundering Reporting Officer (MLRO) of the franchise.
• Undertake AML related investigations arising from internal monitoring as well as ad hoc referrals. Review and provide guidance on customer KYC/due diligence records and ensure adequate enhanced due diligence is performed on targeted high-risk customers.
• Perform AML Compliance quality review and testing, evaluate process deficiencies, analyse control measures, enhance reporting capabilities, and recommend corrective actions while satisfying regulatory and audit commitments. Further, assess and identify emerging risks and recommend / drive program enhancements.
• Keep abreast with laws, regulations and corporate policies concerning Money Laundering and any emerging Money Laundering concerns / trends globally. Ensure that the steps necessary for an effective Anti-Money Laundering program are in place across the franchise.
• Support the Country Risk and Compliance Officer with the coordination of business audits (internal and external) as a key interface with regulators/auditors.
• Identify and escalate AML risks /other relevant compliance issues which inhibit compliance with global and local processes and procedures to appropriate Governance Committees and ensure that Senior Management is informed of significant compliance issues as well as the plans for resolution.
• Identify training needs, create, develop, and deliver relevant training to business and functional partners. Ensure awareness of money laundering trends and typologies by proactively referring to relevant industry publications.
• Acts as an SME providing expert advice to the Business on the organization’s AML specific requirements, AML Compliance policies and local regulatory requirements to the AML/Financial Crime support teams. Work closely with the Business and other key stakeholders such as Operations & Technology to identify and mitigate the risks associated with existing and new business with emphasis on higher risk customers and transactions.
• Appropriately assess risk when business decisions are made, demonstrating consideration for the firm’s reputation and safeguarding Citigroup, its clients and assets, by driving compliance with applicable laws, rules and regulations, adhering to Policy, applying sound ethical judgment regarding personal behaviour, conduct and business practices, and escalating, managing and reporting control issues with transparency.
• Assess the impact of key regulatory developments, sanctions and industry best practices on current policies/standards/procedures, ensuring that any necessary changes are properly implemented within the Business.
• Liaise with local Regulators, Law Enforcement and other Governmental Bodies and ensure good relationships with the same.
• Attend and where necessary, lead AML related customer interactions.
• Additional duties as assigned.

Qualifications

• 5-8 years experience in financial services with a demonstrated understanding of compliance risk and controls.
• Knowledge of the laws applicable to money laundering, including the Proceeds of Crime and Anti Money Laundering Act and other impacting regulations within the country, know your customer and enhanced due diligence requirements, sanctions screening requirements (including local and OFAC requirements), and Suspicious Activity Reporting requirements.
• Experience related to financial investigations such as AML, fraud or counter terrorism.
• Good understanding of corporate banking, investment banking and capital markets products.
• Experience related to dealing with regulators such as Central Bank of Kenya, Financial Reporting Centre.
• Consistently demonstrates clear and concise written and verbal communication skills.
• Self-motivated and detail oriented
• Advanced analytical skills
• Proficient in Excel and Word – ability to learn multiple system applications quickly.
• Commitment to co-operative and collaborative working environment, requiring an innovative approach to meeting sometimes challenging demands.
• Ability to work individually and in Global and Regional teams on all aspects of AML and Compliance.
• Ability to communicate with and present to all levels of staff particularly Senior Management

Education

• Bachelor’s/University degree or equivalent experience.
• AML Certification- Certified Anti Money Laundering Specialist (CAMS) or equivalent.
• Belong to and be in good standing with a global compliance related professional association.

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