Assistant Vice President Financial Investigation Unit

Job description / Role

Job purpose:

To support and execute activities of the MLRO team in relation to suspicious transaction reporting (STR). The job purpose entails performing investigations, assessing the financial crime risks, and proposing cases to MLRO for final decision-making with proper recommendations and risk addition. AVP FIU is also required to ensure the day-to-day mandatory activities for the unit are functioning smoothly and come up with solutions for the betterment of the department.

Key accountabilities:

Job specific accountabilities

Support VP FIU with the following activities:

• Develop FIU framework which includes designing policies, procedures, systems in order to support the reporting of suspicious transactions and creating awareness regarding the AML function.
• Implement transaction monitoring and suspicious transaction reporting measures in line with applicable laws, regulations, and the bank internal guidelines.
• Oversee and effectively manage reported unusual activities and suspicious transactions.
• Ensure timely reporting of unusual activities and suspicious transactions to the MLRO and regulatory authorities.
• Provide SME advisory to the business support functions, international branches, and subsidiaries on transaction monitoring and suspicious activities/transactions matters.
• Based on MLRO or designate's feedback, raise the case in reporting system or close the case internally with proper documentation.
• Stay abreast of related AML/CFT laws, rules, regulations, and best practices pertaining to transaction monitoring and STR filing.
• Assist with any ad-hoc tasks that may be assigned by line manager or MLRO.

Qualifications:

Minimum qualification

Bachelor's degree or higher in management, banking, or finance preferably with certification in compliance, AML/CFT, financial crime, or risk management.

Minimum experience

At least 5 years of business experience in an AML compliance role in a reputed bank.

Strong knowledge of compliance technology systems and platforms.

Understanding of data analysis procedures and applications of statistical modelling.

Remote work:

No

Employment type:

Full-time

Key skills:

Presentation skills, risk management, financial services, IFRS, banking, pricing, analysis skills, securities law, investment banking, relationship management, strategic planning, leadership experience

Vacancy:

1