Job Summary:
Perform the day-to-day activities of the AML Unit and monitor daily and monthly transactions to ensure compliance with AML/CFT regulations.
Job Responsibilities:
- Review and monitor AML daily and monthly reports and unusual activity to identify suspicious transactions and take the necessary action.
- Investigate unusual or suspicious transactions, system alerts and received STRs, and present findings to the AML Unit Head / Head of Compliance for guidance.
- Follow up on FX transactions, cash notifications and incoming transfers from high-risk countries, and prepare MIS reports for risk assessment studies.
- Monitor the quarterly updating of customer data and follow up weekly on aging alerts with branches and the client accounts management department.
- Participate in preparing regulatory and Audit Committee reports in a timely manner, and respond to regulatory inquiries on customer data.
- Follow up on branch review reports to ensure open issues are closed on time and AML/CFT, KYC and CIF requirements are met.
- Respond to AML and compliance inquiries from branches and head office departments, and assist with correspondent banks’ AML questionnaires.
- Keep updated, detailed records of AML/CFT issues and STRs as per procedures.
- Ensure all activities comply with compliance policies, procedures and regulations, and support the Compliance and Corporate Governance team.
Job Qualifications:
- Bachelor’s degree in a relevant discipline (or equivalent experience).
- Minimum 5 years of banking sector experience.
- Experience in AML investigations.
- Hands-on business / branch experience is a plus.
- Good knowledge of regulatory compliance practices and procedures.
- Strong analytical skills, excellent written and oral communication, and very good English.
- Excellent knowledge of Microsoft Office (Word, Excel, PowerPoint).
