Anti-Money Laundering (AML) Compliance Specialist

JOB DESCRIPTION

The role would entail task on Anti-Money Laundering / Counter Terrorism Financing (AML/CTF) Compliance.

Provide assistance to the Anti-Money Laundering and Privacy Group (APG) in coordinating with line functional units to ensure compliance of the Firm to AML laws, rules and regulations, Anti Money Laundering Council (AMLC) issuances, and Firm's Money Laundering and Terrorism Financing Prevention Program (MTPP). S/he also assists in the implementation of a compliance framework/program to ensure proper identification, measurement, monitoring, and control of compliance risks.

PRIMARY DUTIES & RESPONSIBILITIES

• Conducts Anti-Money Laundering/Counter Terrorism Financing (AML/CTF) compliance testing procedures

• Prepares compliance testing reports

• Monitors and follows up on commitments, action plans, and corrective actions of business units based on compliance testing findings

• Demonstrates knowledge of Covered Transaction Report (CTR) and Suspicious Transaction Report (STR) requirements

• Monitors the timeliness and accuracy of CTR and STR submissions in accordance with regulatory requirements

• Conducts AML/CTF risk assessments and assists in identifying, evaluating, and mitigating compliance risks

• Compiles and ensures completeness of AML/CTF laws, rules and regulations, and AMLC regulatory issuances

• Coordinates with internal units on AML/CTF compliance matters

• Prepares and disseminates AMLA bulletins on new AML/CTF laws, regulations, AMLC issuances, and APG announcements

• Monitors and compiles AML/CTF training attendance of all firm personnel

• Assists in the conduct of compliance training programs, including New Hire Orientation (NHO) and annual compliance courses

• Prepares requirements and processes the renewal of registration with the AMLC

• Prepares and analyzes internal monitoring reports covering NHO attendance, assessment results, training participation, non-compliance tracking, and management reporting

• Performs other duties and responsibilities as assigned by the immediate superior

QUALIFICATIONS

• Bachelor's degree in Accountancy, Finance, Business Management, Information Technology / Information Security, or any other related course

• At least 3 years of relevant experience in anti-money laundering compliance

PREFERRED QUALIFICATIONS

• Proficiency in Microsoft Office applications and other computer applications

• Good knowledge and understanding of AML Compliance

• Must have excellent communication skills (verbal and written) and ability to build rapport with all Firm personnel.

• Ability to use initiative and work unsupervised in a proactive manner

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