AML Analyst

BPI DIRECT BANKO,INC. A SAVINGS BANK; San Juan; Hybrid; PHP 350,000 - 600,000; Full time

Benefits offered by this job

Hybrid Work Setup

Competitive Salary Package

Career Growth Opportunities

Annual Salary Increase

Job summary

BPI Direct Banko, Inc. A Savings Bank is seeking an AML Analyst to assist the AML Officer/Head in ensuring the bank’s full adherence to statutory provisions and regulatory guidelines from BSP, AMLC and ATC.

You will review alerts from the Salesforce AML system, validate matches with watchlists, refer cases to branches, and prepare STRs for BMLEC decisions. The role offers a Hybrid Work Setup in the Philippines.

Qualifications

• Graduate of Business, Banking, Finance Management, Law or related courses.
• Knowledge of relevant laws/regulations and their impact on bank operations.
• Good analytical and communication skills.

Responsibilities

• Review and investigate alerts from Salesforce AML system for BPI Direct and BanKo accounts.
• Validate customer matches with Watchlist and Sanctionlist via CBP/ADPS KYC alerts.
• Refer transactions and matches to branches/Relationship Officers for information.
• Prepare investigation reports for BMLEC when suspicious activity is found.
• Draft STRs after BMLEC decisions and transmit to AML Council portal.
• Route approvals to include customers in NDB-AML Private List via Kissflow.
• Extract and validate CTRs from Salesforce for AML transmission.
• Assist AML Officer in documentation and record-keeping for analyses and referrals.
• Support data gathering for Management and Board reports.
• Handle additional tasks as assigned by AML Officer/Head.

Skills

Analytical skills

Written communication

Oral communication

Attention to detail

Education

Bachelor's degree in Business, Banking, Finance Management, Law or related

Job description

About the Role

The AML Analyst will assist the AML Officer/Head in ensuring the full adherence of the bank to statutory provision and regulatory guidelines from Bangko Sentral ng Pilipinas (BSP), Anti-Money Laundering Council (AMLC) and Anti-Terrorism Council (ATC).

What You’ll Be Doing

• Review and investigate alerts generated by Salesforce AML system for both BPI Direct and BanKo accounts.


• Validate customer possible matches with Watchlist and Sanctionlist captured by CBP/ADPS KYC Alert Report, and Negative Media/Adverse Information referral.


• Refer transactions and watchlist name matches to the concerned branch/business unit/Relationship Officer for additional information and/or documents to aid in the disposition process.


• If the transaction(s) was unusual or suspicious, prepare the investigation report and route to the BanKo Money Laundering Evaluation Committee (BMLEC) for decision as to filing of Suspicious Transaction Report (STR) and enrolment of customer to Negative Data Bank with corresponding AML risk profile.


• Prepare necessary STR, based on BMLEC decision, for transmission of AML Officer or Assistance AML Officer to Anti-Money Laundering Council portal.


• Via Kissflow, route request for approval to include customer in the NDB-AML Private List, based on BMLEC decision.


• Extract and validate Covered Transaction Report (CTR) from Salesforce system and prepare for transmission of AML Officer or Assistance AML Officer to Anti-Money Laundering Council portal.


• Assists the AML Officer/Head in ensuring that all documentation, records and communications in relation to analysis, investigation of AML alerts and referrals are safekept and well maintained.


• Assists the Assistant AML Officer in gathering of data and information in preparation of Management and Board Committee reports.


• Handles additional or new assignments that may be given by the AML Officer/Head.

What We’re Looking For

• Graduate of Business, Banking, Finance Management, Law or other related courses.


• Has knowledge and understanding of relevant laws and regulations and their potential impact on the Bank’s operations and compliance framework.


• Good analytical skills


• Proficient in written and oral communication.


• With (1) year work experience in AML function or banking operations or internal audit, and with experience related to investigation and handling of suspicious transaction reports.

Benefits

1. Competitive Salary Package & Quarterly Bonus


2. Annual Salary Increase


3. Career Growth Opportunities


4. Hybrid Work Setup