AVP Compliance (AML/CFT) AVP Compliance (AML/CFT) …

Selby Jennings
in Hong Kong
Permanent, Full time
Last application, 16 Sep 21
Negotiable
Selby Jennings
in Hong Kong
Permanent, Full time
Last application, 16 Sep 21
Negotiable
Our client, top-tier international bank is looking for an AVP Compliance Candidate with minimum of 3 years of experience in the relative field.

Role requirements

  • Comprehend AML/CFT laws and regulations and update changes and new developments from time to time.
  • Comprehend any applicable sanctions laws and obligations and update changes / new developments from time to time
  • Coordinate day-to-day preliminary clearance as to sanctions required by Head Office and comply relevant requirement for recording and storing of screening evidence.
  • Design, develop & devise effective AML/CFT program for the branch.
  • Ensure implementation of effective AML/CFT program in different units (including but not limited to BPs, Operations, Systems, etc.) of the branch.
  • Ensure the implementation and maintenance of a robust sanctions compliance program.
  • Ensure the implementation of a clear process for decision making in respect of sanctions issues, including a clear escalation process which sets out the reporting mechanism to the senior management.
  • Develop and carry out the training program.
  • Conduct regular testing onAML/CFT program in relation to different control measures:
    • An evaluation of the methodology of the system (whether manual or system) and what it is designed to identify;
    • An assessment of whether the system (whether manual or system) is capturing and evaluating all of the customers and activities that it should be capturing;
    • Testing of the system (whether manual or system) to determine whether it is effectively identifying or capturing reportable events or suspicious activities;
    • A review of change management procedures and user access controls; and
    • An evaluation of the process in place to follow up on identified non- compliance items.
  • Carry out specific functions designated under theAML/CFT program, etc. including but not limited to the following:
    • Conduct day to day clearance as to sanctions and reporting;
    • Disseminate & maintain comprehensive filtering database;
    • Notify all staff upon receipt any notification from regulatory bodies and Head Office;
    • Conduct day to day suspicious transaction investigation and reporting; and
    • Develop and review effective Monitoring Report against all risk factors.

Essential Skills

  • To prepare and review AML/CFT MIS reports;
  • To monitor and make recommendations for process improvement;
  • To participate and report in Committee Meeting as needed;
  • To provide AML/CFT related advisory to colleagues;
  • To provide AML/CFT related training to colleagues.
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