Reviews the documentation and information submitted by the company and ensures they are compliant with AML Policy and Procedures to satisfy regulatory requirements
Prepares accurate AMLA reports in a timely manner
Assists all responsible offices and employees and monitors their compliance with the AML/CTF laws and regulations through their annual plan
Assists in the administration and review of Client Risk Scoring, Client Identification and KYC documentation oversight requirements
Reports CTR and STR in a timely manner
Conducts Compliance Testing
Provides assistance on inquiries from employees, internal and external auditors in matters of AML
Assists in conducting transaction monitoring reviews, investigation and reporting suspicious activity related to money laundering and terrorist financing (SAR filing) and other anomalous activities
Assists in the periodic review of KYC Policies and OFAC hits
Escalates identified high risk issues to the immediate superior
Performs other related functions that may be assigned from time to time
JOB SPECIFICATIONS:
Graduate of any four-year business course
With at least two (2) years work experience in the same capacity
Must have a very good knowledge and understanding of AML, LYC, OFAC and other regulatory requirements and policies
Experience in conducting thorough research on higher risk customer is an advantage
Adept in different government regulatory compliance and documentation
Has the ability to build and maintain good working relationship with all levels of the organization as well as external regulatory agencies
