Vp, aml compliance, coo institutional banking group

Responsibilities

Reporting to the Team Lead of AML Compliance under AML Compliance and Assurance, Risk & Control Team, COO Office of Institutional Banking Group, to ensure Corporate Banking (IBG) staff are in full compliance with internal AML risk and compliance policies / standards, external regulations and industry’s best practices.

As an AML Champion, answering enquiries from IBG colleagues, or assisting frontline on AML/CFT related enquiries.

Providing country feedbacks to the revisions to local and Group AML/CFT CDD standards and AML/CFT systems.

Updating the AML procedures and guidelines within IBG, enhancement of KYC System concerning governance & controls matters.

Assisting in formulating internal workflow and recommendations for improvement with the relevant stakeholders related to AML/CFT updated policies and/or risk controls.

Reviewing, analyzing and communicating AML/CFT management information, and Reporting results of AML/CFT risk management reviews and identifying key areas of improvement.

Liaising with FCSS and Compliance with KYC process and AML monitoring.

Monitoring remedial actions for the identified deficiency in AML/CFT and risk controls that require remediation actions.

Evaluating and communicating new laws and regulations and staying abreast of the AML/CFT regulations, development, and industry practice, at both local and international levels.

Measuring and monitoring key risk indicators and issues to continuously improve AML control standards of IBG, and to report analysis and/or insight into the trend.

Preparing and facilitating risk & control self-assessment (“RCSA”) and ensuring there are appropriate rectifications and follow up actions.

Requirements

University degree in Law, Banking, Finance or business related.

Minimum 8 years’ relevant experience in banking industry, preferably AML/CDD/KYC related experience.

Sound knowledge of regulatory / statutory policies and industry best practices.

Professional qualification (e.g. ACAMS) is an advantage.

Excellent analytical and problem-solving skills.

Excellent organizational and time management skills.

Strong communication and interpersonal skills.

Proven track record in frontline and risk and governance roles.

Proficiency in the use of data analytics and AI application.

Location: One Island East

Job: Compliance

Schedule: Regular

Employee Status: Full time