AML Officer

Bank of the Philippine Islands (BPI); Philippines; On-site; PHP 600,000 - 900,000; Full time

Job summary

Bank of the Philippine Islands (BPI) is seeking an AML Investigator to support the AML Investigation Section Head in examining customers tied to adverse media and regulatory cases. You will draft reports for MLEC decisions on suspicious transaction reports and risk profiles.

The role requires at least 2 years in AML or related banking operations, with strong knowledge of AML regulations and banking processes. The position supports ongoing AML monitoring and training within the bank.

Qualifications

• 2+ years in anti-money laundering, banking operations, processes, or internal audit.
• Understanding of AML laws and banking regulations.
• Graduate in a related field such as Business, Banking and Finance, Management or Law.

Responsibilities

• Assist the AML Investigation Section Head in examining customers linked to adverse news/reports.
• Draft reports for MLEC on STR filings and AML risk profiles.
• Prepare STRs with accuracy within prescribed turnaround times.

Skills

AML investigation

Regulatory compliance

Risk assessment

Report writing

Training delivery

Education

Business/Banking/Finance/Law related degree

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

• Analyze, review and investigate 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 and Negative Media Reports
• Draft report on result of investigation for routing to the Money Laundering Evaluation Committee (MLEC) for decision on the filing of suspicious transaction reports (STR) and corresponding AML risk profile.
• Prepare STRs, based on MLEC approval, with accuracy and completeness and within the prescribed turnaround time and deadline.
• Facilitate communication and implementation of change in customer risk profile based on MLEC decision.
• Act as resource speakers for MTPP trainings to employees.
• Act as subject matter expert or consultant on AML-related matters
• Maintain all relevant documentation, records and communications.
• Update oneself on any AML-related reports that may affect the bank and/or its subsidiaries.
• Handle additional/new assignment that may be given by the AML Management

Qualifications

• Graduate of Business, Banking and Finance, Management, Law or other related course
• At least 2 years work experience in Anti-money laundering or banking operations or processes or internal audit
• With adequate banking background and understanding of the laws on Anti-Money Laundering and related banking regulations

Requirements: