Anti Money Laundering Reporting Officer
Job Category:
Finance
Job Level:
Executive
Open Date:
02-Dec-2019
Location:
TAGUIG CITY
Close date:
31-Mar-2020
Client Industry:
BANKING
Job Description and Qualification:
Responsibilities:
- Provide advice to Business on key requirements in accordance with AML & Sanctions policies and procedures.
- Provide guidance on the assessment of AML risks eg. PEP, Adverse news, Tax risk, Sanctions etc., as well as mitigation of red flags.
- Assist in approvals of Customer Due Diligence (CDD) files and Transactional Due Diligence (TDD) alerts, including assessment of Screenings & Sanctions hits.
- Review and investigate unusual behavior in post-transaction monitoring, including design & testing of system scenarios.
- Provide feedback & training to Business & CDD processing analysts on focus areas.
- Provide support to CCO on AML & Sanctions queries.
- Any other related tasks such as conducting risk assessments, update of policy manuals, etc.
Requirements:
- Prior experience in interpretation and application of AML laws & regulations, in particular recent developments from FATF recommendations.
- Knowledge and experience in Sanctions assessments & developments.
- Ability to work independently in CDD and other AML monitoring and advisory activities.
- The candidate must have excellent communication skills and the ability to build rapport with the CDD processing teams & Business staff.
- Knowledge of Wholesale Banking products and/or FATCA and/or CRS will be an advantage.
Salary:
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