Job Description

JOB DESCRIPTION:
xc2xb7 Conduct risk assessment and due diligence for new accounts to identify potential vulnerabilities related to AML and Sanctions Risk.
xc2xb7 Perform regular review of accounts arising from periodic reviews (PR)and triggering events (TER)
xc2xb7 Analyse challenging or high-risk retail account update/EDD situation and make appropriate recommendations to management to maintain or exit existing relationship
xc2xb7 Review Daily Name Screening hits assessment from Centre of Excellence Team (COE) and ensure that name screening and risk scoring for retail account KYC/ CDD, account updates and Level 2 assessment of name hits are in line with SOP
xc2xb7 Liaise with relevant stakeholders and Trade representatives to obtain additional information or documents such as source of wealth/source of funds to facilitate timely review of TER/EDD/PR, retail account updates and assessment of name hit alerts.
xc2xb7 Manage AML related account exit in timely manner.
xc2xb7 Prepare and file suspicious activity reports and other regulatory reports as necessary.
xc2xb7 Document findings from investigations and create report for management.
xc2xb7 Ensure the relevant checks/screening are performed for the Enhanced Customer Due Diligence (EDD)
xc2xb7 Assist in the development and implementation of internal AML policies, procedures and training programs.
xc2xb7 Recommend effective risk mitigating strategies for senior management consideration
xc2xb7 Ensure proper governance through updating senior management in meetings on regular basis
xc2xb7 Ensure compliance to audit/compliance issues through maintenance, update & revision of policies and procedures in the AML/CFT & Sanctions Risk procedural manuals
xc2xb7 Conduct gap analysis and take necessary actions to resolve identified gaps and align the procedures, practices, and standards with Group Policies
xc2xb7 Conduct training regular on AML typologies and changes in procedures/policies to team members
Qualifications
JOB SPECIFICATION / QUALIFICATION: (please use the excel provided to copy and edit whenever required)
xc2xb7 Related working experience of at least 5 years
xc2xb7 Excellent understanding of relevant AML/CFT laws and regulations
xc2xb7 Communicates well and able to present and conduct AML training company-wide
xc2xb7 Possess a strong analytical and problem-solving skills with excellent verbal/written communication and interpersonal skills
xc2xb7 Able to communicate effectively through writing
xc2xb7 Able to directly address conflicts and escalate issues where appropriate
xc2xb7 Preferably possess certification in AML related Diploma / ACAMS