Job Description

General Description Main duties TEAM LEADER & AML EDD ANALYST (CORPORATE) Responsibilities * Identify risk in the relevant AML, TF and Sanctions areas * Lead the team to conduct due diligence for triggering events, including ongoing review General Description Main duties TEAM LEADER & AML EDD ANALYST (CORPORATE) Responsibilities Identify risk in the relevant AML, TF and Sanctions areas Lead the team to conduct due diligence for triggering events, including ongoing review Monitor and work with stakeholders to manage CDD duration and responses Escalate issues including any key risks areas to HOD promptly Enhance CDD/EDD processes to mitigate risks, SLA and cost effectiveness Ensure the team members are self-developed, competent and attend relevant training Check to ensure the relevant checks/screening are performed for the Enhanced Customer Due Diligence, Periodic Review, as per SOP Work with BU to ensure the CDD duration are met as per timeline Monitor the process and status of TER and PR to ensure reviews are conducted as per SOP Ensure extension of TER and PR are sought for overdue reviews Analysing customers' profiles and transactions in the relevant sanctions, money laundering (ML) and terrorism financing (TF) risk Provide relevant ML/TF risk assessments of customers' profiles and transactions, highlighting any key risk areas Recommend effective risk mitigating strategies for senior management consideration Analyse challenging or high-risk account opening situation and make appropriate recommendations to management on whether to onboard or maintain existing relationship and other suitable recommendations as to appropriate controls to be put in place Ensure proper governance through update to senior management meetings on regular basis Enhance CDD/EDD processes to mitigate risks, SLA and cost effectiveness (eg enhance checklist etc) Provide guidance and support to ensure smooth operation of EDD team. Ensure that control functions are carried out by the respective staff, including review of account applications, exceptions, and providing support to Business. Ensure compliance to audit/compliance issues through maintenance, update & revision of policies and procedures in the AML/CFT & Sanctions Risk procedural manuals Conduct gap analysis and take necessary actions to resolve identified gaps and align the procedures,practices and standards with Group Policies Qualifications work experience requirements Requirement Excellent understanding of relevant AML/CFT laws and regulations Communicates well and able to present and conduct AML training company-wide Possess a strong analytical and problem-solving skills with excellent verbal/written communication and interpersonal skills Good team player, proactive and able to adapt quickly Able to directly address conflicts and escalate issues where appropriate Certification in AML related Diploma / ACAMS education requirements Bachelor's degree in Business Administration, Accounting, Finance, or a related field .LI-CL