Branch AML Verification Analyst

Bank of Commerce (Philippines); Mandaluyong; Sur place; PHP 420 000 - 620 000; Plein temps

Résumé du poste

Bank of Commerce (Philippines) is seeking a Branch AML Verification Specialist responsible for executing review functions of customer due diligence during onboarding and ongoing relationships.

You will document deficiencies, escalate to management, and assist BSP audit-related reviews, ensuring compliance and timely OPEX usage. This role requires meticulous attention to detail and strong collaboration with branches and compliance teams.

Qualifications

• Experience in reviewing CDD documents and risk profiles.
• Ability to track SLA and escalate issues to management.
• Excellent communication with branches and compliance units.

Responsabilités

• Manages daily, weekly and monthly tasks per SLA.
• Recommends corrective measures to address deficiencies.
• Reports red-flag during CDD reviews to leadership.
• Reviews and ensures consistency of customer profiles and IDs.
• Coordinates with BBG teams and Head Office on tasks.

Connaissances

CDD processes

SLA management

Branch coordination

BSP regulatory compliance

Description du poste

In charge of the execution of review functions of customer due diligence processes, including, but not limited to: checking and analysis of the customer Information sheet, customer risk profiling, enhanced due diligence and transactional enhanced due diligence to preclude money laundering and terrorist financing activities during on-boarding and during the course of business relationship of customers with the Bank. The BAV Specialist shall be responsible in documenting the deficiencies of branches in the CDD Process and ensures that these are resolved within the prescribed timeline, and these are escalated to higher management if unresolved.

The Branch AML Verification Specialist also assists in the review of all BSP-related report extracts to ensure that the contents are correct and acceptable before these are endorsed to BPCD Head for submission to Compliance Office during BSP Audit Engagement. He/She is also responsible in communicating the directives and guidelines brought about by BSP Audit engagement/s as initiated by Branch Process and Compliance Department. The BAVS Specialist shall also assist in the name search of accounts subject to Freeze Orders (FO) and AML Inquiry.

The BAV Specialist is also responsible in monitoring the completion of clean-up activities and resolution of Open Items, making sure that the results are properly documented and communicated to the BAV Section Head and BPCD Head.

JOB DESCRIPTION

• Effectively manages daily, weekly and monthly tasks and ensures that these are completed based on agreed SLA.
• Recommends corrective and preventive measures to noted deficiencies to avoid penalties on non-compliance.
• Immediately reports to BAV Section Head and BPCD Head, any red-flag noted during the course of review of all CDD documents and processes.
• Observes prudent consumption of stationaries and supplies and ensures that OPEX is maintained within budget.
• Reviews, evaluates and analyzes the following CDD Processes and ensures that deficiencies are recorded and cascaded to the Branches: Watch List Screening, Customer Risk Profiling, Filling out of Customer Information Sheet, Enhanced Due Diligence, Approvals, etc.
• Ensures completeness of required documents, including secondary licenses
• Ensures information and customer profile in submitted IDs and other supporting documents, CIS, CIF, Mosaic Voyager and SIBS are consistent.
• Ensures that Branches are reminded to Update Customer Records based on the requirement of regulations by using the Report on KYC Docs Due For Updating.
• Ensures that review of updated customer records of customers due for updating and customers with reactivated dormant accounts are thoroughly reviewed, and process of due diligence applied during on-boarding process is likewise applied.
• Reviews the completeness and acceptability of the contents of Due Diligence Report and / or Transactional Enhanced De Diligence (TEDD) based on the results of review of CDD and Customer Profile
• Assists the Operations Assistant in initiating SRs for all report extract required by BSP Auditors.
• Assists the Operations Assistant and BAV Section Head in the review of the details on all extracted reports.
• Assists in the initial pass on the review of CDD documents which were not yet part of the BAVS Review
• Assists Operations Assistant in the Name Search for accounts under Freeze order.
• Regularly performs service calls to branches to clearly provide solutions to cited exceptions; prioritizing those that are exceeding the SLAs
• Documents results of service calls in the BAV Exception report template to ensure that the instructions are clear and for implementation.
• Ensures that requests, queries and concerns are dealt with in a professional and friendly manner observing timeliness in the fulfillment of such requests / queries
• Coordinates and collaborates with other BBG Teams and Head Office Units in a professional matter in the performance of the tasks
• Supports the Department’s and the Division’s initiatives and ensures that these are cascaded and explained to the branches.