Business Analyst 2, Compliance & Market Job CBK
Banking Jobs. Central Bank of Kenya Jobs
Job Purpose
Assist in the drafting of policies and guidelines for market conduct, Anti-Money Laundering (AML), Combating Financing of Terrorism (CFT) and Combating Proliferation Financing (CPF) for institutions licensed by CBK and conducting AML/CFT/CFP onsite examinations and offsite surveillance.
Read>>>Tips to Answer Behavioural Interview Questions and Impress any Recruiter
Key Duties and Responsibilities
Strategic Responsibilities
- Implement and enforce AML/CFT/CPF laws in the banking sector.
- Contribute as appropriate to the performance of other functions and to the overall achievement of the Bank’s strategic objectives.
Technical and Operational Responsibilities
- Review of AML/CFT/CPF existing laws, regulations and prudential guidelines; and contribute to the development of new laws, regulations and guidelines for institutions licensed by CBK.
- Research on international best practices for effective AML/CFT/CPF supervision for the banking sector.
- Respond to queries on AML/CFT matters from both internal/external stakeholders.
- Assess AML/CFT/CPF compliance by all institutions with banking sector laws, regulations and guidelines.
- Undertake AML/CFT/CPF onsite examination/inspection and offsite surveillance of institutions licensed by CBK.
- Analyse periodic AML/CFT/CPF returns submitted to CBK by financial institutions.
- Prepare AML/CFT/CPF inspection manuals and operational plans.
- Conduct periodic reviews of ML/TF/PF risk assessments of financial institutions. and undertake sectoral ML/TF/PF risk assessments and periodic ML/TF/PF risk assessments of institutions.
- Implement the risk-based AML/CFT/CPF supervision framework unique to each institution; monitor its effectiveness by developing and updating institution profiles; plan and schedule supervisory activities.
- Process, analyse and make appropriate AML/CFT/CPF recommendations on applications for new products and vetting of senior managers and directors of banks.
- Initiate and draft Memorandum of Understanding for supervisory cooperation and information exchange with other national, regional and international regulators.
- Prepare AML/CFT/CPF status reports for ESAAMLG and FATF and participate in their activities.
- Liaise with the Financial Reporting Centre on AML/CFT/CPF matters
- Implement AML/CFT/CPF and Market Conduct related recommendations from
- collaborations with domestic and international financial regulators regional and international financial inclusion initiatives/organisations and development partners.
- Research on emerging challenges and market dynamism.
- Adherence to Bank policies, procedures, guidelines and relevant legislation.
- Undertake knowledge development to achieve high levels of performance.
- Any other assigned duties and responsibilities.
Qualifications
- Bachelor’s Degree in Management, Economics, Insurance, Law, Finance or related discipline from a reputable university.
- Professional qualification(s) in Accounting, Law, Finance, Banking or related discipline is an added advantage.
Work Experience
- At least two (2) years post-qualification experience in Prudential/Bank Supervision, Financial Analysis, Auditing, Accounting, and Commercial Banking Operations.
Read>>>Still Writing CVs The Old Way? Here’s Why That’s Costing You
How to Apply
🎯 Before You Apply For this Job.
This job will attract 1000+ applicants.
Many qualified professionals will miss out on getting shortlisted and interviews — not because they lack experience, but because their CV doesn’t clearly show how they fit this specific job.
🎯 Want to get an interview fast? Customize your CV specifically for this job.
Using the same CV for every application will not get you interviews.
Contact Rose our client service manager and together with our recruiters she will review your CV and show you exactly how to improve it for the job you are targeting. Click Here For Us To Customize Your CV For This Job Opportunity
Is your AI CV not getting you interviews? Click Here To Get A Professionally Written CV
Read Job Seeker Testimonials Below: Professionals Who Got Jobs Through Corporate Staffing
Related Jobs To Check Out
Jobs Managed by Our Recruitment Team
The vacancies below are managed directly by the Corporate Staffing recruitment team on behalf of our clients. Review the job advert, then submit your application through our recruitment team for consideration.
Browse Other Jobs Posted Today
Explore the latest job opportunities posted now. Apply early to maximize your chances, as many employers begin reviewing applications as soon as suitable candidates apply.