Develop and review the bank’s Anti-Money Laundering program and strategy ensuring that there are adequately documented policies and procedures in place that include all relevant legal and regulatory requirements.
Stay abreast of money laundering and terrorist financing trends and typologies and utilize this information during high profile investigations as well as create awareness around new potential risks or AML trends.
Provide specialist knowledge and leadership to the team, to enable the development, maintenance and implementation of the relevant part of the Functional Framework and provide assurance that business is undertaken in a compliant manner to avoid operational losses, fines, penalties or reputational damage.
Provide specialist knowledge and leadership of the team ensuring the potential risks arising from the constantly changing legal and regulatory landscape are addressed by benchmarking the framework against international best practice.
Plan and execute periodic reviews of processes and reporting procedures, inclusive of automated / system enabled processes, identify gaps, risks and potential inefficiencies and lead the development and implementation of new or improved processes and / or system improvements.
Coordinate and oversee the periodic and ad-hoc systems, processes or data related reviews (e.g. rule tuning, systems verification, transaction monitoring, bank data testing, quality assurance reviews) as per policy, monitoring plan and best practice.
Oversee the preparation of client risk briefing notes based on identified risks emanating from investigations and brief Executives as required.
Develop mechanisms and practices to identify and track matters of interest in the media to proactively determine customer risk and advise the business accordingly.
Collaborate with the Financial Intelligence Authority, as and when required, to address large scale or sensitive financial crimes, as they relate to specific requests issued by the FIA. Participate in joint initiatives / investigations with other teams in the bank.
Manage in-depth investigations into escalated, high profile, high risk and sensitive in nature, money laundering and terrorist financing activities, Politically Exposed Persons (PEPs), Politically Influential Persons (PIPs) or Tip-Offs.
Oversee the team of AML analysts with respect to enhanced analysis, research and transaction monitoring to identify and analyze suspicious activities.
Manage the monitoring of high risk individuals and accounts and ensure that the key stakeholders are kept informed of developments and risks.
Identify and escalate matters proactively for the attention of line management, and the Country MLCO to bring identified risks to their attention with well formulated and summarized information.
Personally handle sensitive investigations, freezing orders, regulatory requests or monitoring orders directly, when required to do so.
Support and maintain strong team dynamics and culture.
To interact with each Business Unit (‘BU’) to ensure co-ordination and effective management of compliance processes.
Analyse and identify compliance risks, processes & controls and provide advice to management, relevant committees, within the BU(s) and the embedded business risk management function and employees, to effectively manage compliance issues.
Facilitate a comprehensive and up to date understanding of the status of compliance and regulatory matters.
Safeguard the reputational risk of the Bank by ensuring the BU(s) supports the reputational risk standards and related reputational risk policies & procedures.
Review of transactions and alerts generated by the surveillance system and take appropriate action.
Periodically review systems, processes and data to ensure they’re fit for purpose.
Monitor global trends and typologies in Money laundering and ensure the bank is well positioned to address these risks.
Remain aware of regulatory and legislative developments, and practices of regulatory authorities, which are relevant to the BU(s).
Ensure and track that the appropriate regulatory framework is in place for the BU(s) to adequately manage compliance risks.