You will be involved in the following:
• Work with line manager to undertake a gap analysis in regard to compliance and anti-money laundering awareness and adherence of policies of regional Agents. Develop and maintain an appropriate anti-money laundering and compliance programme for region.
• Carry out timely and thorough transaction analysis.
• Perform ad hoc investigations of suspicious transactions/ fraud detections as identified internally, under the guidance of the line manager.
• Develop and maintain formal written procedures for reviewing transactions of suspicious activity.
• Produce concise and accurate suspicious activity reports arising from transaction reviews and suspicious activity reports.
• Review and carry out investigations on receipt of reports and information received from other departments including Risk, Fraud and Legal.
• Provide regular updates on any issues/ observations made in recent transaction review and analysis, via line manager to the VP Compliance based in London.
• Provide anti-money laundering (AML) compliance training and conduct periodic communications on AML issues.
• Create and implement a plan for training staff across the region on AML requirements.
• Work with line manager to produce, distribute and maintain AML manuals, procedures, compliance bulletins and other forms of educational literature designed for distribution to region.
• Establish and maintain close working relationships with law enforcement agencies and appropriate regulatory bodies across the region. Respond to requests and maintain a document log pertaining to such requests. Report any suspicious activity as appropriate and as dictated by law.
• Maintain sound working knowledge of relevant AML issues, laws and regulations, including monitoring relevant press stories and attending seminars.
• Identify trends and opportunities to further improve the company′s money laundering compliance program.
• Perform on-going compliance exercises including audits, ad hoc Agent due diligence review and mystery shopper campaigns as appropriate.
• Respond appropriately to any customer complaints that relate to consumer fraud.
• Develop & maintain Agent Due Diligence files.
• Working with line manager, provide compliance support & AML risk assessment on new product initiatives as required.
• Other duties as assigned by line manager.
• Minimum 2 year of relevant experience in compliance function of financial institution
• Certified Anti-Money Laundering specialist examination
• Have a thorough knowledge of the financial industry and familiar with relevant international standards and applicable domestic regulatory requirements
• Diploma in International Compliance offered by the internal compliance association and/or other relevant professional qualification