Anti-Money Laundering Assistant

Makati, Manila, Philippines
PHP 46,583
Banking
Administration

Executive recruitment company Monroe Consulting Group Philippines is recruiting on behalf of a growing multinational bank in the Philippines. Our respected client is seeking a banking professional for the job of Anti-Money Laundering Assistant who is well versed in Anti-Money Laundering mitigation activities of the bank. The job is based in Makati City.

Job Summary:

The principal function of the Anti-Money Laundering (AML) Officer is to assist the Chief Compliance Officer in managing the implementation of the Bank’s Money Laundering and Terrorist Financing Prevention Program (MLPP) and ensure compliance with AML laws and regulations.

Key job responsibilities include:

  • Monitor and ensure compliance by all responsible officers and employees with the Bank’s Money Laundering and Terrorist Financing Prevention Program and AML laws and regulations.
  • Conduct periodic AML compliance checking/testing.
  • Alert the Chief Compliance Officer / Anti-Money Laundering Committee if it believes that the Bank is failing to sensibly address anti-money laundering and terrorist financing issues.
  • Organize the timing and content of AML training of officers and employees including regular refresher trainings.
  • Conduct AML training to all the responsible officers and employees.
  • Conduct weekly monitoring and review of transactions to check possible suspicious transactions.
  • Endorse possible suspicious transactions to the Chief Compliance Officer and/or Anti-Money Laundering Committee for further review and evaluations.
  • Receives, review and submits CTR and STR to the BSP
  • Ensure the accuracy and timeliness of submitted CTR and STR to the AMLC.
  • Ensure adequate and effective implementation of AML automated system.
  • Provides input during the regular review and revision of the Bank’s MLPP.
  • Assist CCO in coordinating with AMLC examiner, internal auditor, and parent company auditor in case of periodic examination in relation to AML.
  • Ensure compliance with any correspondence received from the AMLC.
  • Member of the Anti-Money Laundering Committee.
  • Monitor unresolved AML issues.
  • Oversees the day-to-day management of the Bank.
  • Ensures that duties are effectively delegated to the staff and to establish a management structure that promotes accountability and transparency.
  • Responsible in the safekeeping and retention of all AML records and documents and has the obligations to make all records and documents required to be retained readily available without delay during BSP regular or special examination.

Key job requirements include:

  • Degree holder in Business Administration/management, accounting, statistics, finance/banking or related disciplines;
  • Minimum 2 years of banking working experience; specifically involving Anti-Money Laundering functions
  • Sound knowledge of Anti-Money Laundering in the banking industry
  • Detail-oriented self-starter and a good team player
  • Willing to work in Makati City
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