The Anti Money Laundering Associate / Senior Associate is a role responsible for maintaining internal policies and guidelines to detect and prevent money laundering/terrorist financing amidst other responsibilities pertaining to governance for Financial Crime Compliance.
The responsibilities for the incumbent of the role are as follows:
- Maintaining internal AML and Sanctions policies and guidelines
- Performing gap analyses on AML/Sanctions-related regulatory developments and ensuring the Bank’s policies and guidelines are updated with the additional requirements as well as communicating the changes to impacted stakeholders. Where required, providing training to impacted business units
- Assisting in performing the Enterprise-Wide Risk Assessment exercise for the Bank
- Coordinating AML-related examinations and audits (including the consolidation of documents for submission, drafting of responses to queries raised and review of reports before finalization)
- Tracking of AML/Sanctions findings issued through audit and Quality Assurance testing to ensure remediation of the findings has been done adequately and in a timely manner
- Assisting in administering the bi-monthly Financial Crime Compliance Committee for the Bank. This includes managing meeting logistics, preparing decks and supporting documents and writing meeting minutes
- Coordinating engagements with the regulator and assisting in gathering information as well as drafting responses to ad-hoc queries/surveys sent by the regulator
- Other additional duties as assigned.
Job Requirements:
- With at least 2-4 years of experience in AML/CFT in a banking environment
- Candidates with more years of AML/CFT experience will be considered for a senior role
- Adequate knowledge of AML/CFT regulatory compliance requirements, analysing risks and best practices
- Good understanding of banking products, services and transactions
- Ability to cope with highly demanding and fast paced business environment.
- Strong communication skills (both verbal and written)
- Detail oriented and possess critical thinking and analytical skills
- Proactive and able to think and work independently.
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