Background

The Financial Reporting Centre (FRC) (Kenya's Financial Intelligence Unit) is established under section 21 of the Proceeds of Crime and Anti-Money Laundering Act, 2009.

Job Responsibilities

• Overseeing the formulation, development and implementation of policies, regulations, strategies and guidelines relating to AML/CFT/CPF regulation, supervision, enforcement, and developing technical capacity of reporting institutions and competent authorities, in line with national and international best practice;
• Facilitating registration, regulation and supervision of reporting institutions regarding the application of POCAMLA, in liaisons with AML/CFT/CPF supervisory bodies;
• Spearheading issuance of regulatory directives, instructions or guidance to reporting institutions to ensure compliance with POCAMLA, international standards and best practice in AML/CFT/CPF and related measures;
• Guiding on the delivery of AML/CFT/CPF compliance and technical capacity development, including development of appropriate tools, systems, manuals, procedures and frameworks, to supervisory bodies, reporting institutions and other stakeholders;
• Overseeing the development and maintenance of databases domiciled in the directorate, including a repository for all capacity development activities for effective content development, management, and institutional memory;
• Advising on the implementation of risk-based approach to supervision of reporting institutions and institutional risk profiling of reporting institutions, through conducting and updating sectoral ML/TF/PF risk assessments, other risk identification mechanisms and corresponding strategies;
• Facilitating the design and implementation of effective, proportionate and dissuasive remediation as well as enforcement mechanisms against reporting institutions on infringements of POCAMLA;
• Advising on follow-up and remediation measures arising from supervisory interventions;
• Guiding on enforcement of POCAMLA by the Centre;
• Advising on the design and delivery of AML/CFT/CPF effective technical capacity needs assessment, technical capacity activities, including awareness programs for the reporting institutions, competent authorities, members of staff, supervisory bodies and the general public;
• Facilitating development of monitoring and evaluation framework for all capacity development and awareness activities;
• Overseeing research on AML/CFT/CPF compliance and technical capacity themes to inform the design of regulation, supervision, capacity development and enforcement actions;
• Advising on identification and maintenance of strategic partnerships for mobilizing resources to support compliance and technical capacity development programs for the Centre;
• Coordinating development and maintenance of knowledge management framework for the directorate;
• Ensuring mitigation of risks within the directorate;
• Ensuring prudent utilization of resources as per the approved directorate budget; and,
• Reviewing periodic management reports from the directorate and ensure timely submission.

Qualifications

• Proficiency in computer applications;
• Bachelor’s degree in Finance, Accounting, Law, Education, Economics, Commerce, Social Sciences, or equivalent discipline, from a recognized institution;
• Masters’ degree in Finance, Accounting, Law, Education, Economics, Commerce, Social Sciences, or equivalent discipline, from a recognized institution;
• Leadership course certificate lasting not less than four (4) weeks from a recognised institution;
• Membership to a relevant professional body and in good standing where applicable.

• Overseeing the formulation, development and implementation of policies, regulations, strategies and guidelines relating to AML/CFT/CPF regulation, supervision, enforcement, and developing technical capacity of reporting institutions and competent authorities, in line with national and international best practice;
• Facilitating registration, regulation and supervision of reporting institutions regarding the application of POCAMLA, in liaisons with AML/CFT/CPF supervisory bodies;
• Spearheading issuance of regulatory directives, instructions or guidance to reporting institutions to ensure compliance with POCAMLA, international standards and best practice in AML/CFT/CPF and related measures;
• Guiding on the delivery of AML/CFT/CPF compliance and technical capacity development, including development of appropriate tools, systems, manuals, procedures and frameworks, to supervisory bodies, reporting institutions and other stakeholders;
• Overseeing the development and maintenance of databases domiciled in the directorate, including a repository for all capacity development activities for effective content development, management, and institutional memory;
• Advising on the implementation of risk-based approach to supervision of reporting institutions and institutional risk profiling of reporting institutions, through conducting and updating sectoral ML/TF/PF risk assessments, other risk identification mechanisms and corresponding strategies;
• Facilitating the design and implementation of effective, proportionate and dissuasive remediation as well as enforcement mechanisms against reporting institutions on infringements of POCAMLA;
• Advising on follow-up and remediation measures arising from supervisory interventions;
• Guiding on enforcement of POCAMLA by the Centre;
• Advising on the design and delivery of AML/CFT/CPF effective technical capacity needs assessment, technical capacity activities, including awareness programs for the reporting institutions, competent authorities, members of staff, supervisory bodies and the general public;
• Facilitating development of monitoring and evaluation framework for all capacity development and awareness activities;
• Overseeing research on AML/CFT/CPF compliance and technical capacity themes to inform the design of regulation, supervision, capacity development and enforcement actions;
• Advising on identification and maintenance of strategic partnerships for mobilizing resources to support compliance and technical capacity development programs for the Centre;
• Coordinating development and maintenance of knowledge management framework for the directorate;
• Ensuring mitigation of risks within the directorate;
• Ensuring prudent utilization of resources as per the approved directorate budget;
• Reviewing periodic management reports from the directorate and ensure timely submission.

• Proficiency in computer applications
• Bachelor’s degree in Finance, Accounting, Law, Education, Economics, Commerce, Social Sciences, or equivalent discipline, from a recognized institution
• Masters’ degree in Finance, Accounting, Law, Education, Economics, Commerce, Social Sciences, or equivalent discipline, from a recognized institution
• Leadership course certificate lasting not less than four (4) weeks from a recognised institution
• Membership to a relevant professional body and in good standing where applicable