AML Associate (Corporate and business banking)

The AML/CFT Associate is responsible for supporting the implementation and maintenance of the Anti-Money Laundering (AML) and Countering the Financing of Terrorism (CFT) program within the Corporate & Business Banking division. This role involves ensuring compliance with relevant laws, regulations, and internal policies related to AML/CFT, with a focus on client activities and transactions within the corporate and business banking portfolio.

General:

• Conduct investigations into suspected financial crimes
• Identify and mitigate potential risks associated with money laundering.
• Maintain accurate records of compliance-related activities, reports, and investigations.
• Stay up to date on industry best practices and emerging trends in AML CFT Financial Crime prevention.

Key Responsibilities:

• Analyze data and identifying patterns or trends that suggest money laundering or terrorism financing activities.
• Collaborate with other departments to develop and implement AML/CFT prevention strategies.
• Update and maintain AML/CFT risk assessment tools
• Provide guidance and training to employees on how to prevent and detect financial crime.
• Assist to develop, update and implement policies and procedures to minimize the risk of financial crime
• Collaborate with law enforcement and other external partners to resolve financial crime.
• Plays a crucial role in safeguarding the organization against financial crime through diligent Corporate & Business Banking practices.
• Review and evaluate AML/CFT processes and documentation to ensure adherence to regulatory requirement and internal policies.
• Investigate CDD & EDD on high-risk corporate and business banking clients, including reviewing and analyzing client documentation, ownership structures, and business activities.
• Investigate corporate and business banking transactions for suspicious patterns or activities using transaction monitoring systems and other tools.
• Ensures the accuracy and completeness of AML/CFT data and reporting to internal stakeholders and regulators.

Key Responsibilities:

• Analyze data and identifying patterns or trends that suggest money laundering or terrorism financing activities.
• Colloborate with other departments to develop and implement AML/CFT prevention strategies.
• Update and maintain AML/CFT risk assessment tools
• Provide guidance and training to employees on how to prevent and detect financial crime.
• Assist to develop, update and implement policies and procedures to minimize the risk of financial crime
• Collaborate with law enforcement and other external partners to resolve financial crime.
• Plays a crucial role in safeguarding the organization against financial crime through diligent Corporate & Business Banking practices.
• Review and evaluate AML/CFT processes and documentation to ensure adherence to regulatory requirement and internal policies.
• Investigate CDD & EDD on high-risk corporate and business banking clients, including reviewing and analyzing client documentation, ownership structures, and business activities.
• Investigate corporate and business banking transactions for suspicious patterns or activities using transaction monitoring systems and other tools.
• Ensures the accuracy and completeness of AML/CFT data and reporting to internal stakeholders and regulators.

Requirements:

• Bachelor’s degree in law, risk management, finance, banking or equivalent.
• Professional Accreditation: Certification in Anti Money Laundering and Counter Financing in Terrorism (ICA / AICB) certification is a high advantage
• Minimum of 1-3 years of experience in AML/CFT compliance, preferably in a corporate or business banking environment.
• Outstanding communication and interpersonal skills
• Able to work in a regulated and technology-based business.
• Good teamwork and ability to manage and motivate team members
• Strong analytical and problem-solving skills as well as experience with data analytics tools and techniques.