Manager / Asst Manager - Compliance (FCC Advisory)

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Overview

This position supports the Head, FCC Advisory & EDD in ensuring effective implementation of the Bank's Anti-Money Laundering/Counter Financing of Terrorism (AML/CFT) framework. This includes providing advisory support to business units, assisting with risk assessments, ensuring policy implementation, and supporting audit processes.

Functional

To be able to perform the following functions:

• Provide advisory to Business Units for AML, CFT, CPF and TFS related queries, including complex inquiries related to customer due diligence, transaction monitoring, and regulatory interpretation.

• Support Business Units in implementing AML, CFT, CPF and TFS policies and ensure compliance with these policies, local laws, and regulations. This includes reviewing business unit procedures, providing guidance on required documentation, and monitoring implementation effectiveness.

• Create training decks and conduct training on AML, CFT, CPF and TFS related topics for bank-wide audiences.

• Respond to and assess the impact of changes in AML, CFT, CPF and TFS regulatory requirements. This includes interpreting regulatory updates and communicating changes to relevant stakeholders.

• Ensure sanctions risk/breach incidents/issues/internal events are properly managed, including timely reporting and escalation, root cause identification, remediation action, and ensuring adherence to sanctions screening processes, investigating potential breaches, and managing reporting obligations.

• Ensure all processes comply with the records retention policy. This includes ensuring team members adhere to the policy and maintaining accurate and complete documentation.

• Assess and advise on new product launches. Identify potential AML and Sanctions vulnerabilities to ensure all initiatives align with the bank's AML Policy and regulatory requirements..

• Ensure all work is completed within agreed timelines, with appropriate escalation and mitigating actions for items not meeting timelines, including monitoring progress and implementing escalation procedures.

Managerial

• Provide training to new staff on AML/CFT policies, procedures, and systems.

• Encourage new ideas and drive process improvement by implementing suggestions and streamlining workflows.

Organizational

• Contribute to ensuring a sound AML/CFT compliance framework is in place for the Group. This includes supporting the development of compliance programs, participating in risk assessments, and monitoring compliance effectiveness.

What We're Looking For

• Bachelor's Degree or Professional Degree in Finance, Banking, Law, or a related field of study

• Minimum 5 years of experience in a banking or financial institution with a focus on Financial Crime Compliance or Sanctions in a supervisory role

• Proven track record of interpreting regulatory requirements and delivering professional reports or presentations to senior management and regulators

• Technical expertise in FATF and OFAC regulations along with a deep understanding of Trade-Based Money Laundering and SWIFT message types

• Strong leadership and lateral thinking abilities to identify root causes and develop practical solutions for complex compliance issues

• Professional certification in CGSS/Sanctions or an Advanced Certification in AML/CFT

• Advanced proficiency in Microsoft Office applications combined with sound analytical judgment and decision-making skills