AML Officer / Head

JOB OBJECTIVE: AML Officer/Head

The position is responsible for monitoring and reporting all Suspicious Transactions Report (STR), Covered Transactions Report (CTR) , High Risk Accounts (HRA) and Reports on Crimes and Losses (RCL) of the Bank.

MAIN RESPONSIBILITIES:

Prepares, submits and uploads the Covered Transactions Report (CTR) and Suspicious Transactions Report to the AMLC Portal within the prescribed period as required by AMLC & BSP to avoid potential penalty.Facilitates timely preparation and submission of Reports on Crimes and Losses (RCL) to BSP as needed.Maintains complete and accurate database on Crimes & Losses Reports and Suspicious Transactions reports submitted and acknowledged by the BSPConducts monthly periodic AML Compliance Testing to Branches, Units or Departments using the designed questionnaire and based on the approved testing plan.Maintains and ensures completeness and regular updates of database and reports on AML Compliance Testing through constant coordination with the concerned Branch Operations Officer of Branch under compliance testing.Maintains and ensures regular updates on database and records pertaining to all AML Internal Audit Examination Reports through constant coordination with the concerned Branch Operations Officer of Branch under compliance testing.Facilitates the monthly consolidation and timely preparation of Audit & Compliance Committee Reports such as Negative Listing, High Risk, Crimes and Losses, CTR and STR.Submits to immediate head the consolidated reports for review and presentation to the Audit & Compliance Committee.Conducts further investigation on AML cases from operating units as the need arises.Assists in the implementation of the AMLA requirements in the Bank.Identifies and facilitates the regular risk alert analysis of the Branch through the Bank's approved Manual Monitoring/Risk Classification System.

Qualification Requirements:

Graduate of any business related course from reputable school / universities.Good analytical thinking; able to generate reports and provide analytics on the generated informationGood communication skills in English language, both oral and writtenRisk and result-orientedKeen to detailsMust be knowledgeable in BSP regulations.Minimum of 5 years of relevant work experience in Anti-Money Laundering (AML) operations or in similar position.

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