Our client, top-tier international bank is looking for an AVP Compliance Candidate with minimum of 3 years of experience in the relative field.
Comprehend AML / CFT laws and regulations and update changes and new developments from time to time.
Comprehend any applicable sanctions laws and obligations and update changes / new developments from time to time
Coordinate day-to-day preliminary clearance as to sanctions required by Head Office and comply relevant requirement for recording and storing of screening evidence.
Design, develop & devise effective AML / CFT program for the branch.
Ensure implementation of effective AML / CFT program in different units (including but not limited to BPs, Operations, Systems, etc.) of the branch.
Ensure the implementation and maintenance of a robust sanctions compliance program.
Ensure the implementation of a clear process for decision making in respect of sanctions issues, including a clear escalation process which sets out the reporting mechanism to the senior management.
Develop and carry out the training program.
Conduct regular testing onAML / CFT program in relation to different control measures : An evaluation of the methodology of the system (whether manual or system) and what it is designed to identify;
An assessment of whether the system (whether manual or system) is capturing and evaluating all of the customers and activities that it should be capturing;
Testing of the system (whether manual or system) to determine whether it is effectively identifying or capturing reportable events or suspicious activities;
A review of change management procedures and user access controls; and An evaluation of the process in place to follow up on identified non- compliance items.
Carry out specific functions designated under theAML / CFT program, etc. including but not limited to the following : Conduct day to day clearance as to sanctions and reporting;
Disseminate & maintain comprehensive filtering database; Notify all staff upon receipt any notification from regulatory bodies and Head Office;
Conduct day to day suspicious transaction investigation and reporting; and Develop and review effective Monitoring Report against all risk factors.
To prepare and review AML / CFT MIS reports;
To monitor and make recommendations for process improvement;
To participate and report in Committee Meeting as needed;
To provide AML / CFT related advisory to colleagues;
To provide AML / CFT related training to colleagues.