AML OFFICER

Bank of the Philippine Islands (BPI); Makati; On-site; PHP 540,000 - 600,000; Full time

Job summary

Bank of the Philippine Islands (BPI) is seeking an AML Investigator who will assist the AML Investigation Section Head in examining customers tied to adverse news and reports. The role requires analyzing and preparing reports for decision-making by the MLEC, and ensuring timely filing of STRs where applicable.

The successful candidate will contribute to AML controls, train colleagues as needed, and maintain comprehensive documentation while staying current with regulatory developments affecting

Qualifications

• Good analytical skills required for evaluating AML cases.
• Attention to details is essential for thorough investigations.
• Strong written and oral communication abilities.
• Computer literacy and ability to use standard business software.
• Proficiency in Microsoft Excel is preferred.

Responsibilities

• Investigate customers subject of adverse news/reports.
• Analyze, review and investigate AML cases and related activities.
• Draft Investigation Reports for routing to MLEC for STR decision and risk classification.
• Prepare Suspicious Transaction Reports (STRs) with accuracy and within deadlines.
• Communicate and implement inclusion of customers in the AML Private List per MLEC decision.
• Serve as resource speaker for MTPP training and act as AML subject matter expert.
• Maintain documentation, records and communications securely.
• Stay updated on AML-related reports that affect the bank.
• Accept additional assignments from AML Management as needed.

Skills

Analytical skills

Attention to details

Communication skills

Computer literacy

Excel proficiency

Tools

Microsoft Excel

Job description

Assists the AML Investigation Section Head, through the Team Leader, in the investigation of customers who are subject of adverse news/reports.

Responsibilities

• Investigation
• Analyzes, reviews and investigates all customers who are subject of Money Laundering

Crimes Sourced From

• Adverse and Regulatory cases
• Fraud and Complaints
• Referrals from business units and BPI Subsidiaries
• Negative Media Reports

• Drafts Investigation Report on the results of investigation for routing to the Money Laundering Evaluation Committee (MLEC) for decision on the filing of suspicious transaction reports (STR) and corresponding risk classification in the AML Private List.
• Prepares Suspicious Transaction Reports (STRs), based on MLEC approval, with accuracy and completeness and within the prescribed turnaround time and deadline.
• Facilitates communication and implementation of inclusion of customer in the AML Private List based on MLEC decision.

General

• Acts as resource speaker for MTPP training to employees.
• Acts as subject matter expert or consultant on AML-related matters
• Maintains and safekeeps all relevant documentation, records, and communications.
• Updates oneself on any AML-related reports that may affect the bank.
• Handles additional/new assignments that may be given by the AML Management from time to time.

Qualifications

Knowledge

• Understanding of relevant laws and regulations and their potential impact on the Bank’s operations/services and the principles/framework of bank compliance.

Skills:

• Good analytical skills
• Attention to details
• Average training skills
• Proficient in written and oral communication.
• Computer literate
• Preferably proficient in Microsoft Excel

Experience

• At least 2 years’ experience and/or exposure in AML /Internal Audit/ front line function in a Financial Institution.