AML Officer

  • Sector: Monroe Banking & Finance
  • Contact: Gaze Angielab Mendoza
  • Start Date: ASAP
  • Location: Makati City
  • Salary: Negotiable
  • Expiry Date: 04 June 2023
  • Job Ref: BBBH420660_1684835910
  • Contact Email:

Executive search firm Monroe Consulting Group Philippines is recruiting for an AML Officer on behalf of a multinational bank that offers a wide range of banking and financial services to its individual and corporate customers. The AML Officer's primary role is to ensure that this branch complies with relevant laws, regulations, and industry best practices to prevent money laundering and other illicit financial activities. This job is on an onsite setup and is based in Makati City, Philippines.


* Ensure completeness and accuracy of all AML compliance reports submitted internally and to local regulators. Manage and review daily alerts and large transaction reports.
* Review incident reports, initiate AML investigation, prepare suspicious transaction reporting and documentation.
* Monitor and perform independent test of AML compliance and controls in areas such as account opening procedures and requirements - Know-Your Customer, due diligence, watch list filtering, FATCA reporting, and customer risk profiling.
* Manage the PEP and other high-risk clients. Review and investigate unusual behavior in port-transaction monitoring, including design and testing of system scenarios. Handles correspondent banking requirements, questionnaires, and address correspondent bank's queries.
* Provides the Management with AML regulatory updates. Guides the Business on key requirements in accordance with AML, sanctions, and relevant regulations.
* Conduct relevant AML training to all bank staff.
* Manages expectations and deliverables for auditors and regulators.
* Other related tasks such as conducting risk assessment, update of policies and procedures.

Required Skills:

* 3 years of relevant experience within banking industry, with exposures specifically in the areas of Anti-Money Laundering and Compliance
* Sound knowledge of regulatory rules and regulations relating to AML/CFT
* Sound knowledge about banking products and services, and banking compliance policies and procedures
* Excellent knowledge of front/back-office policies and procedures, and related controls
* Experience in managing relationships with local regulators.
* Highly motivated and committed, and excellent communication, planning, problem-solving and organizing skills.
* Experience in operating AML program and regulatory reporting