VP, AML Compliance, COO Institutional Banking Group
LocationOne Island East
Work modeon-site
Typefull-time
DepartmentCompliance
Company size10,000+ people
First seen1w ago
Last seen3d ago
Responsibilities
Reporting to the Team Lead of AML Compliance under AML Compliance and Assurance, Risk & Control Team, COO Office of Institutional Banking Group, to ensure Corporate Banking (IBG) staff are in full compliance with internal AML risk and compliance policies / standards, external regulations and industry’s best practices.
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As an AML Champion, answering enquiries from IBG colleagues, or assisting frontline on AML/CFT related enquiries
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Providing country feedbacks to the revisions to local and Group AML/CFT CDD standards and AML/CFT systems
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Updating the AML procedures and guidelines within IBG, enhancement of KYC System concerning governance & controls matters
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Assisting in formulating internal workflow and recommendations for improvement with the relevant stakeholders related to AML/CFT updated policies and/or risk controls
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Reviewing, analyzing and communicating AML/CFT management information, and Reporting results of AML/CFT risk management reviews and identifying key areas of improvement
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Liaising with FCSS and Compliance with KYC process and AML monitoring
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Monitoring remedial actions for the identified deficiency in AML/CFT and risk controls that require remediation actions
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Evaluating and communicating new laws and regulations and staying abreast of the AML/CFT regulations, development, and industry practice, at both local and international levels
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Measuring and monitoring key risk indicators and issues to continuously improve AML control standards of IBG, and to report analysis and/or insight into the trend
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Preparing and facilitating risk & control self-assessment (“RCSA”) and ensuring there are appropriate rectifications and follow up actions
Requirements
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University degree in Law, Banking, Finance or business related
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Minimum 8 years’ relevant experience in banking industry, preferably AML/CDD/KYC related experience
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Sound knowledge of regulatory / statutory policies and industry best practices. Professional qualification (e.g. ACAMS) is an advantage
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Excellent analytical and problem-solving skills
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Excellent organizational and time management skills
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Strong communication and interpersonal skills
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Proven track record in frontline and risk and governance roles
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Proficiency in the use of data analytics and AI application