Anti-Money Laundering (AML/CFT/CPF) Officer

nairobiKE

Full-time

Masters

22 days ago02/27/202603/29/2026

- Accepting Applications

ROLES AND RESPONSIBILITIES

  • Develop, implement, and maintain the AML/CFT/CPF compliance framework, policies, and procedures in line with POCAMLA, PTA, IRA guidelines, and FATF recommendations.
  • Conduct periodic reviews and updates of AML/CFT/CPF policies to ensure alignment with evolving regulatory requirements, including amendments to POCAMLA and related legislation.
  • Assist 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.
  • Conduct enterprise-wide AML/CFT/CPF risk assessments to identify, assess, and document money laundering, terrorism financing, and proliferation financing risks.
  • Develop and maintain risk matrices, risk appetite statements, and key risk indicators (KRIs) for AML/CFT/CPF compliance monitoring.
  • Monitor and assess emerging financial crime risks, including those arising from new products, services, delivery channels, and geographic exposure.
  • Oversee the implementation of Customer Due Diligence (CDD) and Enhanced Due Diligence (EDD) procedures, ensuring compliance with regulatory requirements for customer identification and verification.
  • Establish and maintain Know Your Customer (KYC) standards, including beneficial ownership identification and verification processes in line with the Companies Act and POCAMLA requirements.
  • Develop and implement procedures for handling Politically Exposed Persons (PEPs), high-risk customers, and customers from higher-risk jurisdictions as defined under POCAMLA.
  • Oversee transaction monitoring systems and processes to detect suspicious activities, unusual patterns, and potential financial crime indicators.
  • Manage customer and transaction screening against sanctions lists, including UN Security Council sanctions, and ensure compliance with Targeted Financial Sanctions (TFS) requirements.
  • Review and investigate AML alerts, escalate findings appropriately, and maintain comprehensive case management documentation.
  • Prepare and submit Suspicious Transaction Reports (STRs), any Cash Transaction Reports (CTRs), and other mandatory reports to the Financial Reporting Centre within prescribed timelines.
  • Ensure timely submission of Annual Compliance Reports, reports on customers from higher-risk countries, and other regulatory returns as required by the FRC and IRA.
  • Maintain registration and compliance with goAML reporting system requirements and ensure accurate, complete record-keeping as mandated under POCAMLA regulations.
  • Design, develop, and deliver comprehensive AML/CFT/CPF training programs tailored to various business units, including underwriting, claims, business development, and agency networks.
  • Promote and reinforce a strong culture of financial crime prevention throughout the organization, emphasizing the importance of AML/CFT/CPF obligations and reporting responsibilities.
  • Stay current with regulatory developments, industry best practices, FATF guidance, and emerging financial crime typologies relevant to the insurance sector.
  • Prepare comprehensive AML/CFT/CPF reports for the Board Audit and Risk Committee, senior management, and regulatory authorities as required.
  • Coordinate and facilitate internal and external AML/CFT/CPF audits, regulatory inspections, and examinations, ensuring timely closure of identified issues.
  • Maintain 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.
  • Collaborate with the Group Risk and Compliance function to ensure alignment of AML/CFT/CPF practices across other ICEA LION Group subsidiaries.
  • Liaise with internal stakeholders including Legal, Internal Audit, IT, Operations, and Business Development on AML/CFT/CPF related matters.
  • Conduct due diligence reviews on intermediaries, business partners, and third-party service providers to assess AML/CFT/CPF risks.

ACADEMIC AND PROFESSIONAL QUALIFICATIONS AND KNOWLEDGE

  • A 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.
  • Professional 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.
  • Demonstrated 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.
  • Strong knowledge of FATF Recommendations, international AML/CFT/CPF standards, sanctions regimes, and emerging financial crime typologies.


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