About the Role
You will assist the MLRO in detecting, mitigating, and managing AML compliance breaches, and in conducting root cause and impact analysis of any identified issues. You will help assess the company's current KYC/CDD/EDD processes and controls, identify gaps, and recommend solutions. You will support various aspects of managing AML regulatory reviews and AML compliance-related audits, and participate in AML related projects such as process improvement and system implementation. You will assist in setting and tuning thresholds for AML/CTF related systems, and support efforts to assess the impact of AML requirements on existing policies and procedures, implementing changes to ensure compliance. You will help perform gap and risk impact analysis on current and incoming regulations, assist auditors during periodic audits, and contribute to producing monitoring and MI reports for business units and management related to AML compliance monitoring and review, including analyzing the background of new and existing customers.
Requirements
- Minimum of 2 years of related work experience
- Steadfast in convictions and assertive; able to communicate to management the importance of AML compliance
- Leadership presence, ability to assess risk, strong business acumen
- Strategic thinker, with the ability to make decisions under pressure and in a fast-paced environment
- Detail-oriented with excellent analytical skills
- Regulatory Compliance experience is an advantage
Responsibilities
- Assist the MLRO in detecting, mitigating, and managing AML compliance breaches
- Conduct root cause and impact analysis of identified compliance breaches
- Assess the company's current KYC/CDD/EDD process and controls and identify gaps
- Recommend solutions to address identified gaps
- Manage aspects of AML regulatory reviews and AML compliance-related audits
- Participate and support AML related projects such as process improvement and system implementation
- Set and tune thresholds for AML/CTF related systems
- Assess potential impact of AML requirements on existing policies and procedures
- Implement changes and improvements to existing controls to ensure compliance
- Perform gap and risk impact analysis on current and incoming regulation
- Assist BSP, internal auditors, and external auditors in conducting periodic audits
- Produce and issue monitoring reports and MI reports to business units and management
- Analyze the background of new and existing customers