Manager, Regulatory Change, AML Policies Standards

KEY RESPONSIBILITIES

• Perform AML/CFT/CPF horizon scanning, regulatory interpretation, impact assessments, change tracking and escalation.
• Draft and coordinate AML/CFT/CPF policy and standards reviews, consultations, approval packs, version control and gap assessments.
• Maintain the AML/CFT/CPF regulatory obligations register, including applicability, ownership mapping and control linkages.
• Prepare technical advice, draft responses to CBK and FRC, new product impact assessments and committee papers.
• Monitor implementation milestones, overdue actions and regulatory remediation evidence, and challenge accountable owners.
• Support regulatory inspections, audits and consultation submissions on AML/CFT/CPF matters.
• Supervise specialists, review work quality and promote technical development.

KEY ACCOUNTABILITIES

• Track AML/CFT/CPF developments from CBK, FRC, FATF, ESAAMLG, sanctions authorities and Group, and assess their impact on the Bank.
• Prepare documented impact assessments that identify affected policies, processes, systems, controls and accountable owners.
• Draft, review and update AML/CFT/CPF policies, standards and procedures in line with POCAMLA, the Prevention of Terrorism Act, CBK Prudential Guidelines and Group standards.
• Coordinate stakeholder consultation and prepare policy approval packs for management committees and the Board.
• Maintain version control, review schedules and the AML/CFT/CPF policy library.
• Maintain the AML/CFT/CPF regulatory obligations register and validate the status of obligations with accountable owners.
• Perform gap assessments between regulatory requirements, policies and implemented controls.
• Prepare technical responses to CBK and FRC queries, consultations and draft guidelines for review and approval.
• Provide AML/CFT/CPF impact assessments for new products, channels and business changes.
• Monitor implementation of regulatory changes and remediation actions, and escalate overdue or deficient actions.
• Review remediation evidence for completeness and sufficiency before Second Line acceptance.
• Prepare MI and committee papers on regulatory change status, policy reviews and obligation coverage.
• Supervise and coach specialists and maintain quality standards for team outputs.

Qualifications

CORE COMPETENCIES AND SKILLS

• Strong knowledge of AML/CFT/CPF laws, CBK Prudential Guidelines, FATF Standards and sanctions requirements.
• Expertise in regulatory interpretation, impact assessment and gap analysis.
• Strong policy drafting and technical writing capability.
• Understanding of regulatory obligations registers, control mapping and GRC tools.
• Ability to interpret and apply regulatory requirements in a practical business environment.
• Strong analytical, organisational and attention-to-detail capabilities.
• Effective stakeholder engagement and constructive challenge capability.
• Supervisory, coaching and team development skills.
• High integrity, independence and sound judgement.

 EXPERIENCE

• Minimum 7 years’ experience in AML/CFT/CPF, Regulatory Compliance, Risk, Legal or Internal Audit within the financial services sector.
• At least 3 years’ experience in a supervisory or senior specialist role.
• Demonstrated experience in AML/CFT/CPF policy development, regulatory impact assessment and obligations management.
• Experience preparing regulatory submissions, committee papers and responses to regulators.
• Prior experience in a Tier 1 bank and familiarity with CBK and FRC supervisory expectations will be an added advantage

ACADEMIC AND PROFESSIONAL QUALIFICATIONS

• Bachelor’s degree in Law, Finance, Banking, Commerce, Economics, Risk Management or a related field.
• Master’s degree in a relevant discipline will be an added advantage.
• Professional certifications such as CAMS, ICA Diploma in AML, ICA Diploma in Governance, Risk and Compliance, CCEP, CPA(K) or equivalent.
• Demonstrated commitment to continuous professional development in AML/CFT/CPF and regulatory compliance.