AML Compliance - Transaction Monitoring Lead - MariBank

What you'll do

An AML Compliance - Transaction Monitoring Lead will be responsible for:

Compliance Framework

• Assist AML Compliance Transaction Monitoring Lead in providing support to the internal and external stakeholders by providing advisory on matters in relation to AML/CTPF considerations on Transaction Monitoring as outlined in the applicable AML/CTPF laws, regulations, memoranda, circulars, and their respective implementing rules and regulations.
• Assist in the development and implementation of the Bank’s MTPP and other applicable SOPs in relation to AML/CTPF obligations, in relation to Transaction Monitoring requirements.
• Conduct gap and impact analysis following new regulatory issuances to ensure that the Bank’s AML Transaction Monitoring policies and procedures are compliant with updated and relevant regulations

Advisory and Regulatory Obligations

• Assist ddress and monitor responses and/or actions taken by the Unit and other relevant units of the Bank to address internal audit and BSP findings in relation TM in a timely manner
• Assess, review, monitor and investigate the Level 3 Transaction Monitoring cases escalated to the AML Compliance Unit
• Prepare and file all identified Covered and Suspicious Transaction Reports to the AMLC in accordance with the AMLC Registration and Reporting Guidelines (ARRG)/Guidelines on Transaction Reporting and Compliance Submissions (GOTRACS)
• Perform compliance assessment on the customers deemed to have a higher risk of ML/TF by conducting L3 review on the customer profile and/or unusual/suspicious activity reports.
• Aid in the maintenance of the relevant compliance registers in relation to Transaction Monitoring obligations

Stakeholder Management and Advisory

• Assist the AML Compliance Lead by serving as primary point of contact for internal stakeholders for TM-related matters, offering expert advisories and timely responses to inquiries.
• Review and assess AML/CFT risks particular to Transaction Monitoring during new products/services/process/ policy/infrastructure projects and provide guidance to enable the Bank to meet regulatory obligations prior sign off of the AML Compliance Head

Compliance Training

• Contribute to the development and conduct of trainings and training materials to Bank Personnel in relation to Transaction Monitoring
• Facilitate ML/CF/Sanctions trainings, both for new hires and refreshers for incumbent employees, including Senior Management and Board of Directors, to ensure that all personnel of the Bank is up-to-date on AML/CFT laws, rules, regulations, and standards
• Recommend and implements new activities to facilitate awareness and compliance of Bank personnel and units on applicable laws and other regulatory matters, if any.

Management Reporting

• Provide reliable and timely reports to Senior Management and the Board of Directors thru the AML Compliance Head and/or CCO, including appropriate recommendations to address gaps

Requirements

• Graduate of Bachelor's degree / 4-year course
• At least 5 years of relevant experience in Compliance, AML/CFT, Banking and Finance from local banking industry
• Excellent communication and writing skills
• Effective stakeholder management
• Strong Analytical and critical thinking
• Must be detailed-oriented
• Has sound risk assessment capabilities
• Must have effective presentation and facilitation skills
• High ethical standards and commitment to maintaining integrity of the Bank's Money Laundering and Terrorist Financing Prevention Program