Senior Risk Officer AML Job Rafiki Microfinance Bank

Banking Jobs. Rafiki Microfinance Bank Jobs

Job Purpose

To ensure that the Bank’s overall risk & compliance framework specifically under internal processes and procedures, regulatory, statutory, KYC & AML guidelines is acceptable while enforcing full compliance to the same.

Key Responsibilities

50%

• ML/CTF Risk Identification and Management.
• Support and advise business on how to establish internal procedures to manage ML/TF and how to perform their duties in accordance with the AML/CFT policy and regulations.
• In conjunction with the business and Risk team, review internal processes/procedures regarding the AML/CFT and customer acceptance policies. Ensure that the business is continuously monitoring transactions and customer risks.
• Ensure all management personnel, staff and intermediaries are fully knowledgeable of the risks involved and their responsibilities concerning AML/CFT through training.
• Conduct continuous audits/reviews on AML/CTF compliance levels, efficiency, and effectiveness of the AML/CTF controls.
• Receiving and evaluating Suspicious Transaction Reports (STR’s) against internal business information and external sources.
• Maintaining, as proof of compliance, all the evaluation documents/information used in the STR determination process and other investigations as well as a register of all STR’s reported to the authorities and those not reported.
• Act as the main point of contact with government authorities.
• Ensure businesses meet all regulatory requirements and recommendations for AML/CTF compliance.
• Assist in reviewing escalated hits on the OFAC/UN Sanctions and other lists.
• Remaining fully up to date with AML/CTF legislation/guidance in the relevant jurisdictions and ensuring timely updates to implement changes in legislation/regulation.
• Handle other duties as assigned to assist with the effective administration of the AML/CTF and KYC Policies and any other duties assigned by Management.
• Regular updating of internal blacklist.
• Preparing and presenting compliance reports to various stakeholders on a daily, weekly, monthly, quarterly, and annual basis.
• Conduct continuous risk management awareness training to all staff to ensure staff are aware of risks relevant to their functional roles.
• Conduct pre-inspection and risk awareness training of new Branches to promote the compliance culture.
• Strategic Initiatives

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20%

• Assist to plan, design and implement an overall and compliance process for the Bank.
• Develop, update and maintain a framework for internal controls and compliance that reflects the changing environment in order to support the banks strategic goals.
• Assist management in promoting a culture of compliance in the bank.
• Oversee the independent monitoring, supervision and enforcement of all relevant internal compliance policies and procedures.
• Establish comprehensive programs for tracking and reporting compliance risks.

30%

• Conduct audits of policy and compliance to standards, processes and procedures.
• Review new business initiatives to ensure compliance with any regulatory requirements
• Prepare and/or enhance compliance obligation checklists (Risk Control Self-Assessments) in conjunction with the respective business functions.
• Conduct quality snap checks to assess compliance with internal policies, procedures & processes.
• Conduct regular and comprehensive compliance reviews (Risk and Compliance Assessments – RCAs) to monitor risk and compliance to internal policies, procedures and processes.
• Provide compliance risk reports on completion of reviews to all functional heads.
• Review the bank’s compliance policy on an annual basis to ensure completeness and consistency with current and prospective organizational responsibilities.
• Monitor and track closure of management actions by regulators and external auditors and ensure management response.
• Centralize all information on all compliance related issues E.g. Breach of regulation, noncompliance to procedures to aid in decision-making.

Knowledge; Skills and Experience required for this Role

• Minimum 2 years’ experience in Risk & Compliance Regulatory affairs, AML/CFT programs within the banking industry.
• Experience with reporting on STR and CTR’s.
• Strong experience with research and customer screening.
• Business graduate from an accredited University preferably in Business related course
• Excellent Communication skills
• Excellent interpersonal skills
• Organizing and planning skills
• An understanding of compliance function
• Experience in KYC & AML guidelines.
• Ability to work with all levels of management and across branches and departments
• Ability to understand and interpret financial information and principles

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How to Apply

Please send your cover letter and CV to hr@rafiki.co.ke ensure the subject line reads Senior Risk Officer- AML & Compliance.

Deadline to apply is 6th February 2026 at 5.00p.m