You will be responsible for overseeing and implementing the company's AML program. This includes implementing and maintaining policies and procedures to ensure compliance with Anti-money laundering laws and regulations. You will collaborate with cross-functional teams, conduct risk assessments, and lead efforts to detect and prevent money laundering and terrorism financing activities.
Key Responsibilities
Regularly review and update AML policies, procedures, and controls.
Conduct risk assessments to identify and evaluate potential money laundering risks associated with the company's products, services, and customer base.
Develop plans and controls to mitigate identified money laundering risks.
Support business divisions and act as focal point on AML requirements.
Develop and enforce robust customer due diligence procedures to verify the identity of customers and assess the risk associated with their transactions.
Establish and maintain risk-based customer profiles.
Ensure Company’s business divisions have appropriate controls to mitigate ML-TF risks, KYC, annual review of high-risk customers, etc.
Identify status of Company’s ML-TF risk, deficiencies, significant issues, required controls, reporting requirements.
Implement and maintain an effective AML program in accordance with regulatory requirements and industry best practices.
Oversee transaction monitoring systems to detect and investigate suspicious activities.
Investigate alerts generated on the transactions monitoring system and sanctions screening systems.
Work closely with the technology team to maintain and enhance the AML systems including implementations, enhancements, fine tunings etc.
Prepare and submit required AML reports.
Lead investigations into generated alerts, suspicious activities, working closely with internal teams and external authorities as necessary.
Ensure all products, services, clients, transactions are within the scope of ML-TF-KYC systems and procedures.
Draft STRs on suspicious customer cases.
Provide ongoing AML training to employees to ensure a strong awareness of AML regulations and requirements.
Stay updated on changes in AML laws and regulations, ensuring the company's ongoing compliance.
Any other assignment as entrusted by head of compliance.
Maintain confidentiality of information.
Skills, Knowledge & Expertise
Bachelor's degree in finance, Law, or equivalent experience
Several years of experience in AML compliance
In-depth knowledge of AML regulations and best practices
Strong analytical and investigative skills
Excellent communication and interpersonal skills
CAMS, CCO, and financial crimes professional certification are a plus.
