AML Officer

JOB SUMMARY / SPECIFIC ACCOUNTABILITIES:

1. Conducts AML compliance review of the business units to assess their adherence to the banks Money Laundering Prevention Program (MLPP) and BSP regulations.

1. Performs analysis and investigation of the customers transactions to assess its validity and conformity with the requirements of the bank and the regulatory body.

SPECIFIC DUTIES AND RESPONSILIBITIES:

1. Operation:

1. Conducts AML compliance reviews on units based on the standards approved by the Board of Directors, which includes but not limited to:

1. Preparation and updating of MLPP and checklist

1. Submission of reports to management for necessary action

1. Tracking of resolution of deficiencies notes

1. Monitors and ensures compliance with AML-related audit issues by internal audit, external and regulatory bodies

1. Report to the CCO on a regular basis to review progress on program implementation and assist in improvement plans;

1. Help develop and implement a Compliance training plan;

1. Help the CCO to develop programs and activities that will encourage bank personnel to report suspected fraud or impropriety without fear or favor;

1. Assist to develop and communicate the objectives of the Compliance Program and report accomplishments;

1. Re‐evaluate areas of previous noted deficiencies to identify needed improvements;

1. Render written reports and evaluations to the CCO for presentation to the BOD.

1. Custodianship:

1. Hard and soft copies of AMLA transactions

1. Hard and soft copies of incoming and outgoing correspondences

1. Hard and soft copies of compliance reports

1. General Authority:

1. Access to bank records in order to perform the assigned tasks.

1. Monitoring and Reporting:

1. On time reporting of covered and suspicious transactions to AMLC.

1. Monitoring and submission of compliance related reports to regulatory agencies.

1. Accounting and Reconciliation:

1. Ensure the completeness and accuracy of reported AMLA covered / suspicious transactions.

COMPETENCIES:

1. With commitment to the assigned job

1. With sense of responsibility and accountability

1. With leadership

WORKING RELATIONS:

1. Internal Interactions Officers and Employees / Associates

1. External Interactions Regulatory Bodies

QUALIFICATION GUIDELINES:

Education

:

Must possess at least a Bachelor/College Degree in Business Studies / Administration /Management/Banking and Finance or equivalent relative experience

Experience

:

Three (3) to Five (5) years work experience in banking operations/compliance/AMLA reporting

Others

:

Written and oral communication skills, Analytical skills, Knowledge in banking industry, Computer skills