(Senior) AML Manager (Policy & Due Diligence)

Bank of China (Hong Kong); Hong Kong; On-site; HKD 600,000 - 800,000; Full time

Benefits offered by this job

Competitive remuneration package

Comprehensive fringe benefits

Medical and life insurance

Job summary

Bank of China (Hong Kong) is seeking an experienced AML/CTF professional to formulate policies, perform risk assessments, and oversee training. The ideal candidate will have a relevant degree and substantial experience in AML management.

Responsibilities include updating AML/CTF policies, providing advice on AML matters, conducting risk assessments, and coordinating AML projects. The role demands excellent communication skills and an ability to work under pressure while maintaining high analytical standards.

Qualifications

• Degree or above in relevant disciplines.
• Understanding of artificial intelligence and machine learning preferred.
• Minimum 5 years AML management experience for AML Manager, 8 years for Senior AML Manager.
• Excellent command of written and spoken English and Chinese.

Responsibilities

• Formulate and update AML/CTF policies.
• Provide AML advice to frontline units.
• Perform periodic ML/TF risk assessments.
• Review Enhanced Due Diligence cases.
• Deliver AML/CTF training.

Skills

Interpersonal and communication skills

Analytical skills

MS Office proficiency

Experience in AML management

Understanding of artificial intelligence and machine learning

Education

Degree in Law, Risk Management, Business Administration, Information Technology, Data Science or related disciplines

Relevant qualifications (e.g. CAMS, AAMLP, CAMLP, FRM, CPA, ACCA)

Tools

MS Word

Excel

Job description

Responsibilities

• Formulate and update AML/CTF policies and procedures in light of the latest regulatory requirements and market practices
• Provide advice to frontline and other relevant units on AML related matters
• Perform institutional ML/TF risk assessment periodically for the Bank Group
• Coordinate and manage the institutional money laundering risk assessments conducted regularly by all Group units, major subsidiaries, and overseas branches/subsidiaries
• Establish and review risk assessment models in terms of customer risk, product risk, channel risk and country risk
• Review Enhanced Due Diligence (EDD) cases and relevant KYC documents submitted by business
• Undertake risk assessment on the Bank’s new product offering/business and ongoing review on the Bank’s existing products and business from AML/CTF perspective
• Develop and implement effective AML control measures, structures and systems, respond to regulatory authorities, internal and external auditors’ findings and recommendations by formulating and implementing enhancement and rectification measures, and report to the management in a timely manner
• Coordinate and manage assigned AML/CTF projects (e.g. system/workflow enhancements, Regtech/artificial intelligence projects)
• Formulate annual AML/CFT training plan and deliver AML/CTF trainings
• Participate in internal management reporting and external regulatory communication regarding AML/CTF matters
• Perform ad-hoc tasks as assigned from time to time

Requirements

• Degree or above in Law, Risk Management, Business Administration, Information Technology, Data Science or related disciplines, preferably with relevant qualification (e.g. CAMS, AAMLP, CAMLP, FRM, CPA, ACCA, etc.)
• Preferably with understanding and working experience in artificial intelligence, machine learning and related fields.
• Experience in Regional /SEA AML management is preferred.
• Experience in AML, audit, banking operations, internal control in Banks / financial sectors:
  • AML Manager: 5 years or above
  • Senior AML Manager: 8 years or above
• Excellent interpersonal and communication skills
• Independent and with good analytical skills
• Good command of both written and spoken English and Chinese. Proficient in Mandarin is preferred
• Good at using MS Office including MS Word, and Excel
• Able to meet tight deadlines and work under pressure

We offer competitive remuneration package and comprehensive fringe benefits including medical and life insurance, and different types of allowances to the right candidates. Interested parties, please submit your application online. For details, please visit our website http://www.bochk.com. Data collected would be used for recruitment purposes only. Applicants who do not hear from us within 8 weeks may consider their application unsuccessful and their data will be destroyed within 12 months of receipt.