Compliance Officer at Bank of Africa Kenya Limited

Compliance Officer at Bank of Africa Kenya Limited – Bank of Africa Kenya Limited Kenya Job Details

About the Role

Bank of Africa Kenya Limited is recruiting a Compliance Officer for a full-time position based in Kenya. This role sits at the centre of the bank’s financial crime prevention framework, overseeing adherence to internal policies, regulatory requirements, and international standards in customer due diligence, anti-money laundering (AML), countering the financing of terrorism (CFT), and countering proliferation financing (CPF). The Compliance Officer will manage and control financial crime risks while ensuring the institution meets all statutory obligations to regulators including the Central Bank of Kenya and the Financial Reporting Centre.

Banking jobs in Kenya in the compliance function demand both technical rigour and attention to detail. This Compliance Officer at Bank of Africa Kenya Limited position requires someone with substantive banking experience who can navigate complex regulatory environments, analyse suspicious activity patterns, and maintain robust documentation standards. The role involves daily monitoring, alert management, and direct liaison with internal stakeholders and external authorities.

Key Responsibilities

• Monitor, screen, and process alerts generated by AML transaction monitoring systems daily, conducting comprehensive analysis and documentation to support alert closure decisions.
• Review and assess customer-initiated transactions (transfers, large cash movements, and other activities) to confirm compliance with AML, KYC, CFT, and CPF regulatory requirements before processing.
• Perform first-level review of suspicious transaction reports flagged by automated tools or staff, escalating findings to the Money Laundering Reporting Officer (MLRO) with detailed analysis and supporting documentation.
• Maintain an updated internal customer blacklist and conduct daily media surveillance (print and online sources) to identify high-risk customers and individuals with adverse information.
• Ensure timely submission of regulatory reports to the Central Bank of Kenya (CBK), Financial Reporting Centre (FRC), and other internal governance bodies on a weekly, monthly, quarterly, and annual basis.
• Review new and amended legislation and regulations relating to banking compliance, communicating changes across the organisation and implementing necessary procedural updates.
• Support the review and periodic update of the bank’s compliance risk management policy and related procedures to reflect current regulatory expectations and emerging risks.
• Cooperate fully with regulators and law enforcement by providing requested documents, information, and assistance during investigations or audits.
• Participate in AML, CFT, and CPF training programmes, system testing initiatives, and ad-hoc compliance projects as assigned by management.

Requirements & Qualifications

• University degree in Business, Economics, or a related field from a recognised institution.
• Minimum 3 years of direct banking experience in a compliance or risk management department, with demonstrated knowledge of bank policies, procedures, and external regulatory requirements.
• Proven expertise in AML/CFT/CPF controls and customer due diligence (KYC) frameworks, with ability to analyse and interpret screening alerts and suspicious activity patterns.
• Sound understanding of Central Bank Prudential Guidelines, the Proceeds of Crime and Money Laundering Act (POCAMLA), Basel Rules, the Banking Act, IFRS standards, and other applicable banking legislation in Kenya.
• Current knowledge of the banking and financial services operating environment, emerging regulatory trends, governance requirements, and compliance best practice standards.
• Strong written and verbal communication skills, with ability to prepare detailed compliance reports and present findings to senior management and external parties.

What to Expect

• You will work within a structured compliance function reporting to the MLRO, with access to established AML monitoring systems and databases required to perform alert management and customer screening.
• The role involves regular interaction with regulatory authorities, internal audit, risk management, and operational teams across the bank to address compliance matters and support investigations.
• Banking jobs in Kenya at this level typically involve shift work or extended hours during peak transaction periods, and responsibility for maintaining confidentiality of sensitive financial information.
• This Compliance Officer at Bank of Africa Kenya Limited position in Kenya is open to qualified candidates. Click Apply below to submit your application.