Job Description

Responsibilities:

• Review of know your customer (“KYC”) records in accordance to UBAF policies and procedures, which includes client on boarding, trigger reviews and periodic review. Work closely with front office on the adequacy of information and documentation used in the KYC;
• Review, analyse and provide compliance approvals for escalations of trade transaction to Compliance. Document the risk assessment and the risk mitigations that support the advisory decisions;
• Review of screening alerts generated from UBAF screening systems and processes. This includes Sanctions, PEP, Adverse articles and any blacklist entities with UBAF group;
• Review on post transactions monitoring alerts and escalate any potential findings for further investigations. Perform post transaction analysis where necessary;
• Conduct investigation of suspicious activities and the drafting of internal investigation reports and filing of suspicious transaction reports;
• Conduct periodic compliance testing on relevant controls by the 1st line of defence;
• Assist in the management of local screening list. Monitor regulatory updates and updates in local Sanctions;
• Escalate and propose risk mitigations to Compliance Manager on any gaps and risks posed by client relationships/or transactions;
• Support the Compliance Manager on compliance initiatives and implementation of internal compliance policy changes;
• Support the Compliance Manager on Compliance trainings and workshops;
• Any other relevant compliance tasks/projects as may be assigned.

Candidate Background:

• Bachelor’s Degree with at least 3 to 5 years of relevant working experience in AML/CFT;
• Experience in conducting KYC reviews and review of transactional red flags in trade finance activities;
• Good knowledge of local AML/CFT regulations, guidelines with a focus on trade based money laundering controls and risks;
• AML certifications such as Certified Anti Money Laundering Specialist (CAMS); International Association Diploma in Anti-Money Laundering (ICA) is preferred;
• Self-driven, detail-oriented, able to prioritise and multi-task;
• Strong analytical and problem-solving skills;
• Strong interpersonal and communication skills (written and verbal).