AML Officer

PJ Lhuillier Group of Companies; Bacoor; On-site; PHP 279,000 - 390,600; Full time

Job summary

A financial services organization in Bacoor, Cavite is looking for a Compliance Officer to assist in the development and maintenance of an anti-money laundering program. Responsibilities include ensuring compliance with AML regulations, maintaining records of high risk clients, and conducting briefings on compliance policies. Candidates should have a relevant bachelor's degree and at least 3 years of AML compliance experience.

Qualifications

• At least three (3) years of work-related experience in AML compliance in the financial services industry.
• Knowledge of AML investigations, MLPP, BSP/AMLC rulings.
• Willingness to work onsite in Bacoor, Cavite.

Responsibilities

• Ensure bank compliance with AML regulations.
• Maintain records of high risk clients and report suspicious activities.
• Assist in scheduling inspections and audits.
• Conduct briefings on AML compliance policies.
• Support monitoring of suspicious activity.

Skills

AML compliance

Risk assessment

Knowledge of AML investigations

Education

Graduate of any four (4) year business related course

Job description

Overview

The position is primarily responsible for providing assistance to the AML Department Head with the development, implementation, and maintenance of an anti-money laundering program within the bank.

Key Responsibilities

• Ensures bank compliance with current AML regulations and other related laws.
• Maintains the risk assessment framework for bank products and services, clients, and other issues relating to money laundering.
• Keeps and maintains records of high risk clients and reports suspicious activities to the Superior.
• Assists in the scheduling of inspections and audits from third-party organizations. Provides recommendations based on the findings.
• Conducts briefings to bank personnel on matters relating to internal AML compliance policies and procedures.
• Provides support in the monitoring and investigation of suspicious activity.
• Recommends improvements to ensure compliance with AML and related laws and regulations.
• Ensures regular submission of CTRs (Covered Transactions) and STRs (Suspicious Transactions) and all regulatory reports to AMLC.
• Coordinates AML and related regulatory information requests and deliverables and regulatory examinations.

Job Qualifications

• Graduate of any four (4) year business related course.
• At least three (3) years of work-related experience in AML compliance in the financial services industry.
• Knowledge of AML investigations, MLPP, BSP/AMLC rulings.
• Amenable to work onsite in Bacoor, Cavite.