Job Purpose:
- Senior Compliance AML Officer to perform compliance tasks as per all applicable regulatory requirements, internal compliance guidelines, policies and procedures.
- Conduct enhanced due diligence on high risk account opening and provide decisions accordingly.
- Review the eName-Checker referrals from Branches / Enabling functions / Operation and provide Compliance clearance in accordance with the bank policies / Regulatory guidelines.
- Daily processing of SAS AML alerts;
- Undertaking AML transaction Monitoring reviews and investigations pertaining to the bank’s customers
- Conduct enhanced due diligence on high risk account opening and provide decisions accordingly.
- To review and monitor accounts as required by the Bank’s KYC / AML policy and Compliance SOP.
- Support the Compliance Manager in the implementation of Compliance initiatives in RBG & CIBG- as may be determined / guided by HO-Compliance from time-to-time.
Key Result Areas:
- Maintain ongoing awareness/current knowledge of all applicable internal/external compliance requirements and existing/emerging legal/statutory/regulatory environment – identifying any issues that could impact the bank.
- Assist the Compliance Manager in ensuring Bank’s internal procedures/policies remain compliant with regulations/changes and providing support to the relevant stakeholders as and when necessary.
- Maintain a pro-active relationship with business, facilitating timely involvement to ensure compliant/workable solutions to business issues.
- Providing support to other compliance staff members in their respective areas as and when required.
- Assist the Compliance Manager in garnering a strong compliance driven culture/environment within Business Groups/ Divisions.
- Provide support to Compliance Manager in creation of reports/MIS/MERs on issues of Compliance/AML and ensure timely onward submissions, as required.
- Support the team & Compliance Manager to create the Regulatory Reports for accuracy and assist to ensure that the same are submitted to the Regulators in a timely manner after being vetted by the Compliance Manager.
- Assist the Compliance Manager in providing seamless support to the regulator, including Regulatory inspections.
- Assist in the compliance related projects/UATs as and when required and ensure that they are successfully completed within the required time frame.
- Conduct AML review of customer accounts based on AML Alerts and Analytical reports generated by the unit.
- Responsible for conducting money laundering related investigations by analyzing customer transactions/ trend, drawing conclusion, and drafting Suspicious Activity Report for submission to relevant regulatory authorities.
- Support business/ operations by providing compliant solutions to regulatory requirements and intervene where necessary to stop a transaction / process / business proposal – seeking guidance from Manager Compliance.
- Actively participate in applications, systems and product development and provide value added recommendations to ensure that all systems and products in the bank have appropriate controls to ensure compliance with bank’s AML policy.
- Perform additional tasks / conduct Compliance related investigations as required / determined by Compliance Manager, identifying any issues / concerns and report findings/recommendations for corrective action, as required.
Operating Environment, Framework and Boundaries, Working Relationships
q Detailed knowledge on KYC / AML policies of the Bank;
q Familiarity with various banking laws and practices;
q Clear understanding of business requirements in relation to KYC / AML;
q Detailed understanding of main systems and the interactions / use Core banking, SAS, Side viewer, Business objects etc., as applicable)
Problem Solving
- Proactive approach to problem solving and handling of situation
- Analytical thinking and educative judgement
Knowledge, Skills and Experience:
q Graduate with 1-3 years banking experience inclduing 1 year in AML Compliance
q Good communication and inter-personal skills.
q Computer literate and good command over spoken and written English
