Anti-Money Laundering Compliance Manager

Newport World Resorts; Philippines; On-site; PHP 1,200,000 - 2,100,000; Full time

Job summary

Newport World Resorts is seeking an AML Compliance professional to monitor and assess AML laws and regulations impacting casino operations in the Philippines.

The role requires coordinating with the AML Compliance Office, maintaining regulatory updates, and supporting documentation and reporting to the Board of Directors. Experience in AML within gaming is preferred, with a law degree and IBP status advantageous.

Qualifications

• Bachelor’s degree in Law required.
• At least 1 year in gaming or AML work.
• IBP membership is an advantage but not required.

Responsibilities

• Monitor AML laws, rules and issuances applicable to the casino sector.
• Keep AMLCO, AML Committee and Board updated on AML developments.
• Assist units in interpreting AML rules and complying with AML requirements.
• Review regulator correspondences and prepare filings for AMLC/PAGCOR.
• Prepare Know-Your-Customer and related documents as requested.
• Support audits and compliance examinations and report findings.

Skills

AML compliance

Regulatory monitoring

Education

Bachelor’s degree in Law

Job description

JOB SUMMARY

Monitor Company’s legal and technical compliance with the AML laws and regulations. Assess the Company’s AML compliance status and regularly apprise the AML Compliance Officer, AML Committee and the Board of Directors.

RESPONSIBILITIES

Anti-Money Laundering (AML) Laws and Regulations Monitoring:

• Monitor and evaluate the applicability in the casino of the AML laws, rules, regulations and other issuances from the Anti-Money Laundering Council (AMLC), Philippine Amusement and Gaming Corporation (PAGCOR) and relevant government agencies as well as bulletins, articles or write-ups from local and international organizations, such as the Financial Action Task Force (FATF).
• Ensure the members of the Anti-Money Laundering Compliance Office (AMLCO) are kept abreast of the latest updates on AML laws and regulations and carefully assess the impact in the Company’s Money Laundering and Terrorist Financing Prevention Program (MTPP).
• Provide assistance to the Company’s units in their queries or requests for assistance regarding interpretation of AML rules and regulations as well as in complying with AML requirements of their counterparties.

Government Regulators Correspondences:

• Monitor and review government regulators’ AML - related correspondences and ensure timely apprising the AML Compliance Officer and/or the AML Committee.
• Monitor Asset Freeze Order (AFO) and timely prepare memorandum addressed to Company units handling casino customer assets and accounts. Prepare necessary documents for the filing of electronic returns before the AMLC or applicable judicial court.
• Prepare necessary Know-Your-Customer (KYC) and other documents duly requested by the AMLC and/or PAGCOR and timely secure approval from the AML Compliance Officer and/or the AML Committee.

Compliance Examinations:

• Handle regular compliance examinations and thematic reviews conducted by the AMLC and/or PAGCOR. Prepare reply on the Report Of Compliance (ROC) for submission to the regulators.
• Handle regular and special audits conducted by the Company’s Internal Audit Department.

AML Committee Updates:

• Prepare reports on the status of AML compliance of the Company to the AML Committee and/or the Board of Directors. Prepare informed and in-depth analysis and study and reporting of the results thereof to the AML Committee and/or the Board of Directors on the Company’s exposure to money laundering and terrorist financing risk, the degree of compliance of the Company with AML rules and regulations.
• Prepare monthly minutes of meetings of the AML Committee and ensure to be ratified by the Board of Directors and ensure secretary certificates are on file and notarized.
• Ensure all high risk customers identified during the review of customers database and transactions are approved by the Senior Management to continue business relationships.

Records Management:

• Act as a designated Records Management Officer of the Company to ensure compliance with the Casino Implementing Riles and Regulations (CIRR).
• Monitor and assess Company’s compliance with the digitization or records requirement by the Anti-Money Laundering Council (AMLC).
• Recommend controls to maintain the confidentiality of customer information and transactions and prevent tipping off by employees.

People Management:

• Performance Management: Come up with strategies that will help direct reports achieve their performance goals, and drive high performance. This also includes conducting performance planning, goal setting, and evaluations.
• Coaching and Mentoring: Provides guidance to direct reports in performing their areas of responsibility, and supports their growth and development.
• Employee Engagement: Implement initiatives and provide a work environment that will promote employee engagement and high commitment to the company.

QUALIFICATIONS

• Bachelor’s Degree in Law.
• At least one (1) year in the gaming industry or experience in AML work.
• Membership with the Integrated Bar of the Philippines (IBP) is an advantage but not required.