Kenya Jobs Vacancy: Compliance Risk Manager - KCB Job Vacancies 09 October,2010

Kenya Jobs Vacancy: Compliance Risk Manager - KCB Job Vacancies 09 October,2010
HISTORICAL BACKGROUND
    * The history of KCB dates back to 1896 when its predecessor, the National Bank of India opened an outlet in Mombasa. Eight years later in 1904, the Bank extended its operations to Nairobi, which had become the Headquarters of the expanding railway line to Uganda.
    * The next major change in the Bank’s history came in 1958. Grindlays Bank merged with the National Bank of India to form the National and Grindlays Bank.
    * Upon independence the Government of Kenya acquired 60% shareholding in National & Grindlays Bank in an effort to bring banking closer to the majority of Kenyans.  In 1970, the Government   acquired 100% of the shares to take full control of the largest commercial bank in Kenya. National and Grindlays Bank was renamed Kenya Commercial Bank.
    * In 1972, Savings & Loan (K) Ltd was acquired to specialize in mortgage finance.
    * In 1997, another subsidiary, Kenya Commercial Bank (Tanzania) Limited was incorporated in Dar-es-Salaam, Tanzania to provide banking services and promote cross-border trading.  Since then, the subsidiary has 11 branches. 

    * In pursuit of its Vision: To be the preferred financial solutions provider in Africa with a global reach by 2013, in May 2006 KCB extended its operations to Southern Sudan to provide conventional banking services. The subsidiary has 11 branches .
    * The latest addition into the KCB Family came in November, 2007 with the opening of KCB Bank Uganda Limited which has 13 branches. In December 2008 KCB Rwanda began operations with one branch at Kigali. There are curently 9 branches spread out in the country.
    * The Government has over the years reduced its shareholding to 35% and more recently to 26.2% following the rights issue exercise in 2004, which raised KShs 2.45 billion in additional capital for the bank.
    * In the second Rights Issue exercise held in the year 2008, the Government further reduced its shareholding to 23.1% after raising additional capital for kshs 5.5billion.
    * The bank conducted the third Rights Issue exercise in 2010, in which the Government further reduced its shareholding to 17.74% after raising additonal capital of Kshs 12.5billion.
    * In 2010 S&L was merged with KCB providing access to mortgage finance through the bank's wide branch network.
Compliance Risk Manager
Job Ref: RISK 02/2010

The Position

Reporting to the Head, Compliance Risk, the position will coordinate and be responsible for undertaking effective compliance monitoring reviews within the KCB Kenya functions, involving data gathering, analysis, and report preparation to identify, assess, advise, monitor and report on compliance risks.

The Compliance Manager will be responsible for and act as the key contact point for the business on remedial action set through compliance monitoring reviews, and act as the AML liaison contact in Head Office, maintaining continuous dialogue and information to business units on key issues defined in the AML/KYC policies.

Key Responsibilities
    * Liaise with Compliance Managers/Compliance Champions in KCB Kenya to collect and collate compliance risk survey & assessment data to facilitate establishing of the compliance universe and recommendations on the high risk issues.
    * Monitor and report on the daily management of compliance issues at respective units including significant internal policies as may be advised.
    * Act as anti-money laundering liaison contact in Head Office, maintaining continuous dialogue and information to business units on key issues defined in the AML/KYC policies.
    * Prepare internal compliance reports for the Central compliance office with regard to external and regulatory compliance issues.
    * Monitor and alert on the status and performance of compliance responsibilities across Head Office Support functions.
    * Plan, support, & provide AML/KYC awareness and system training & other compliance policy training across the network units.
    * Carryout initial review of AML alerts and maintain follow-up for conclusion on AML case management, including providing AML system support to users.
    * Carry out compliance risk events data collection, analysis and preparation of reporting including recommendations to mitigate exposures.
    * Maintain continuous engagement with business units and advise to carry out compliance risk monitoring, analysis and reporting on New Products, and Projects.
    * Provide compliance risk liaison at peer levels across specialist and risk functions (Legal, Audi, Risk, HR, Finance, including Forensic investigations and Insurance).

The Person
In order to be considered for the above position, all applicants should have:-
    * A first degree from a recognized university. An MBA degree will be an added advantage
    * At least one risk-relevant professional qualification, ACAMS, ABCI, PRMIA, etc
    * 5 years of wide ranging bank experience – 3 years management experience, in either operations, or compliance/audit related activities, with demonstrated understanding of the regulatory environment including CBK Prudential Guidelines
    * Good knowledge of money laundering issues and KYC requirements
    * A good of bank-wide business functions, administration and supervisory skills
    * Good management skills including organizational, communication and problem solving skills
    * Demonstrated high integrity.

The above position is a demanding role for which the bank will provide a competitive package for the successful candidate.

If you believe you can clearly demonstrate your abilities to meet the criteria given above, please submit your application with a detailed CV, stating your current position, remuneration level, e-mail and telephone contacts quoting the respective job title or ref no. in the subject field to recruitment@kcb.co.ke.

To be considered your application must be received by 21st October 2010.

Only short listed candidates will be contacted.