Specialist, AML Compliance (1-year Contract)

Cathay United Bank Company, Limited; Hong Kong; On-site; HKD 500,000 - 700,000; Full time

Benefits offered by this job

Attractive remuneration package

Comprehensive fringe benefits

Job summary

Cathay United Bank Company, Limited is seeking a Specialist in AML Compliance on a 1-year contract in Hong Kong. The role involves monitoring and investigating suspicious transactions, escalating money laundering risks to management, and assisting the Head of Compliance to ensure regulatory compliance.

The candidate will support KYC onboarding and periodic reviews and look for ongoing AML process improvements.

Qualifications

• 3+ years AML/Transaction Monitoring/KYC experience in banking industry.
• Experience in transaction monitoring from international banks is valued.
• Proficient in English and Chinese (Mandarin and Cantonese).
• Knowledge of Banking Ordinance, AML Ordinance and related Codes.
• Associate AML Professional (AAMLP) holder is an added advantage.
• Self-motivated with good communication and ability to communicate with all levels including business stakeholders.
• If applicable, Mandatory Reference Check may be required under HKMA scheme.

Responsibilities

• Monitor suspicious transactions investigation and reporting.
• Identify and escalate potential money laundering risks to management.
• Assist the Head of Compliance & MLRO to review AML policies and procedures to ensure compliance with regulatory requirements.
• Support Know-Your-C Customer onboarding and periodic review.
• Identify areas of improvement in AML process/documentation, AML Information System, transactions monitoring and investigations on an ongoing basis.
• Handle ad hoc projects as assigned.

Skills

AML compliance

Transaction monitoring

KYC onboarding

Communication

Analytical skills

Education

Bachelor's degree in Law/Accounting/Finance

Job description

Specialist, AML Compliance (1-year Contract)

Monitor suspicious transactions investigation and reporting.

Identify and escalation potential money laundering risks to the management.

Assist the Head of Compliance & MLRO to review AML policies and procedures to ensure compliance with regulatory requirements.

Support Know-Your-Customer (KYC) on-boarding and periodic review.

Identify areas of improvement in AML process/documentation, AML Information System, transactions monitoring and investigations on an on-going basis.

Handle ad hoc projects as assigned.

Self motivated with good communication skills and be able to communicate effectively with all levels including business stakeholders.

We offer attractive remuneration package and comprehensive fringe benefits.

Requirements:

Bachelor's degree holder preferably in Law/ Accounting/ Finance.

3 years or above AML/ Transaction Monitoring/ KYC experience in banking industry.

Transaction monitoring experience gained from international banks will be highly valued.

Exposure to applying AI-solutions, AML system calibration or data analytics an advantage.

Knowledge of Banking Ordinance, AML Ordinance and related Codes.

Associate AML Professional (AAMLP) holder an added advantage.

Proficient in written and spoken English and Chinese (Mandarin and Cantonese).

Detail-oriented with strong analytical and judgment skills.

Self motivated with good communication skills and be able to communicate effectively with all levels including business stakeholders.

If applicable, the successful applicant’s offer confirmation is subject to the result of Mandatory Reference Check (MRC) under HKMA’s mandatory requirement. For details, please visit the corresponding website: https://www.hkab.org.hk/en/page/5/mandatory-reference-checking-scheme-phase-2

Personal information collected will be used for considering suitability for the post and strictly in accordance with our personal data policies. It is our policy to retain the personal data of unsuccessful applicants for future recruitment purposes for a period of maximum two years.