Brief Summary
Join a dynamic team focused on ensuring compliance and integrity within financial transactions. This role offers an exciting opportunity for individuals experienced in AML/KYC practices to enhance risk management strategies.
Responsibilities
- Monitor daily transaction alerts from AML systems, investigate suspicious activities, and file Suspicious Transaction Reports (STRs) as necessary. Review and assess alerts from name screening tools (e.g., sanctions, PEPs, adverse media) to ensure adherence to international sanctions regulations. Conduct reviews of client onboarding processes and periodic assessments to ensure adequate Customer Due Diligence (CDD) and Enhanced Due Diligence (EDD) for high-risk clients. Prepare client data for FATCA and CRS reporting, ensuring compliance and data integrity. Contribute to the operation and enhancement of AML systems, including transaction monitoring and name screening tools. Support the execution and update of the Enterprise-Wide Risk Assessment (EWRA), including risk identification and control evaluation. Update AML/CFT policies and procedures in line with regulatory requirements. Assist in the drafting and review of internal AML policies and frameworks. Respond to regulatory inquiries and assist with internal and external audits and compliance reviews. Provide AML/CFT advisory support to business units, including guidance on sanctions and CDD documentation. Conduct AML/CFT training sessions to raise awareness among staff across various departments. Stay informed on regulatory changes and aid in implementing necessary control enhancements. Perform additional duties as assigned by management. Required to engage with both Native Chinese internal and external stakeholders
Requirements
- A degree in a relevant field with a minimum of 4 years of experience in KYC and AML compliance, preferably within both private and corporate banking sectors, with experience in Transaction Monitoring. Demonstrated self-starter with strong interpersonal and communication skills. Solid analytical and problem-solving skills. Ability to work independently as well as collaboratively within a team. Proficiency in English and Mandarin to engage with both internal and external Native Chinese stakeholders.
