Lucy Kiprop

Experience

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  Egerton University

  Aug 2007 - May 2008

  Intern
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  Standard Chartered Bank

  Oct 2008 - Apr 2009

  Direct Sales Rep
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  Access Bank (Kenya) PLC

  Mar 2010 - now

  • Review and analyze bank-wide general ledgers, preparing exception reports to highlight discrepancies and ensure financial accuracy.• Report and track exceptions with the Group Office, ensuring swift resolution and corrective actions for any issues identified.• Perform intersystem reviews to ensure data integrity across all financial and operational systems, minimizing risk and discrepancies.• Provide daily progress updates to the Managing Director on the status of unresolved exceptions, ensuring accountability at the executive level.• Develop and implement internal control procedures, strengthening the bank’s compliance framework and reducing exposure to financial risks.• Coordinate with internal and external auditors to address audit findings and ensure that corrective measures are executed in a timely manner.𝐊𝐞𝐲 𝐀𝐜𝐡𝐢𝐞𝐯𝐞𝐦𝐞𝐧𝐭𝐬 • Reconciled non-settled bank accounts, identifying claims and refunding customers appropriately.• Proactively resolved long-outstanding transactions in Nostro and suspense accounts. Show less • Conduct monthly bank-wide reconciliations, prepare exception reports, and report findings to the Group Office.• Serve as an Alternate Money Laundering Reporting Officer (MLRO), responding to regulatory requests and reviewing suspicious transactions.• Lead staff training on AML/CFT (Anti Money Laundering and Countering the Financing of Terrorism) policies.• Authorize compliance-related requests, conduct sanctions screenings, and prepare comprehensive compliance reports.• Monitor Nostro and Central Bank of Kenya (CBK) suspense accounts and resolve outstanding reconciliation issues in collaboration with internal and external audit teams.𝐊𝐞𝐲 𝐀𝐜𝐡𝐢𝐞𝐯𝐞𝐦𝐞𝐧𝐭𝐬• Instrumental in resolving 668 long-outstanding items in suspense accounts post-acquisition by Access Bank. Show less • Prepared monthly Profit and Loss statements, financial position reports, and branch performance reviews.• Managed bank reconciliations, ensuring accuracy of the General Ledger and compliance with financial standards.• Administered payroll, coordinated external audits, and managed fixed assets, prepayments, and petty cash.• Prepared tax schedules for PAYE, VAT, and withholding tax, ensuring timely submission to the Kenya Revenue Authority (KRA).• Authorized finance journal entries and contributed to the bank’s audited financial statements.𝐊𝐞𝐲 𝐀𝐜𝐡𝐢𝐞𝐯𝐞𝐦𝐞𝐧𝐭𝐬• Championed the successful implementation of a new banking system, improving financial reconciliation and output. Show less • Evaluated the effectiveness of risk management, control, and governance systems.• Reported audit findings and provided recommendations for improvement to management.• Conducted fraud investigations in collaboration with risk and compliance teams, and coordinated with external auditors and the Central Bank of Kenya on inspections.• Monitored suspense accounts and reviewed quarterly financial reports to ensure alignment with budget performance.𝐊𝐞𝐲 𝐀𝐜𝐡𝐢𝐞𝐯𝐞𝐦𝐞𝐧𝐭𝐬• Led the audit of all branches and departments at Transnational Bank, contributing to enhanced operational controls. Show less

  • Internal Controls Manager

    Jun 2023 - now

  • Compliance Officer

    Aug 2020 - now

  • Finance Officer

    Mar 2015 - Jul 2020

  • Audit Officer

    Jul 2012 - Feb 2015

  • Reconciliation and ATM Officer

    Mar 2010 - Jun 2012
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  Diamond Trust Bank

  Jan 2025 - now

  Manager

  Compliance Department