Conduct risk assessment and due diligence for new accounts to identify potential vulnerabilities related to AML and Sanctions Risk.
Perform regular review of accounts arising from periodic reviews (PR)and triggering events (TER)
Analyse challenging or high-risk retail account update/EDD situation and make appropriate recommendations to management to maintain or exit existing relationship
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
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.
Manage AML related account exit in timely manner.
Prepare and file suspicious activity reports and other regulatory reports as necessary.
Document findings from investigations and create report for management.
Ensure the relevant checks/screening are performed for the Enhanced Customer Due Diligence (EDD)
Assist in the development and implementation of internal AML policies, procedures and training programs.
Recommend effective risk mitigating strategies for senior management consideration
Ensure proper governance through updating senior management in meetings on regular basis
Ensure compliance to audit/compliance issues through maintenance, update & revision of policies and procedures in the AML/CFT & Sanctions Risk procedural manuals
Conduct gap analysis and take necessary actions to resolve identified gaps and align the procedures, practices, and standards with Group Policies
Conduct training regular on AML typologies and changes in procedures/policies to team members
