Anti Money Laundering jobs in United Kingdom

The role is responsible for the Anti-Money Laundering Compliance Function of BDO Unibank, Inc.-Singapore Branch (SG Branch). Reports directly to the Head of Compliance.

The principal function is to ensure that the SG Branch effectively complies with the statutory provisions, regulatory requirements or guidelines and codes of conduct applicable to Anti-Money Laundering in Singapore.

Incumbent acts as the focal point within SG Branch for the oversight of all activities in relation to the prevention and detection of money laundering (ML) and terrorist financing (TF) and providing support and guidance to the senior management to ensure that ML/TF risks of SG Branch is adequately understood and managed.

1. Ensures that SG Branch observes the applicable regulations, Bank’s policies and procedures and the Guidelines on Prevention of Money Laundering and Terrorist Financing in the handling of suspicious transactions involved in money laundering activities; and
2. Ensures that appropriate systems, manual and/or automated, as aligned with the Head Office as may be applicable, to facilitate the prevention of money laundering are in place.

1. Identifies the relevant Singapore and Philippine laws and regulations which are applicable to SG Branch, and analyzes the corresponding risks of non-compliance and determine the action points to ensure compliance of the branch; and
2. Conducts periodic compliance review function on applicable legal and regulatory requirements and the frequency of reviews and assessments to be taken shall commensurate to the identified risk levels or as required by the MAS and/or BSP and other regulators in Singapore and the Philippines.

1. Acts as one of the key contacts between the branch and the regulatory bodies (e.g. Bangko Sentral ng Pilipinas – BSP, MAS, etc.);
2. Consults the said regulatory agencies for additional clarification on specific provisions of anti-money laundering laws and regulations and/or compliance to their findings; and
3. Initiates dialogues with respect to borderline issues as they affect compliance by the branch.

1. Promotes a clear and open communication process within the branch and with Head Office to educate and address anti-money laundering compliance matters; and
2. Aligns its compliance activities, manuals and guidelines with Head Office Compliance.

1. Trains and informs the branch staff on regulatory requirements pertaining to Anti-Money Laundering through any of these means, as appropriate: lecture, meetings, compliance memo distribution of manuals, and the dissemination of regulatory circulars/issuances, etc.
2. Provides advisories to the branch on any matter related to anti-money laundering regulatory issuances or laws; and
3. Conducts trainings to branch personnel, as necessary, to raise awareness and understanding of the Branch on anti-money laundering regulatory issuances or laws and be fully aware of their responsibilities to ensure compliance with regulatory requirements.

1. Provides oversight to the conduct of Independent Compliance Testing (ICT) and Regulatory Compliance Testing Checklist (RCTC) within SG Branch pertaining to Anti-Money Laundering; and
2. Ensures the timely reporting of ICT/RCTC Progress/Results to Head Office Compliance on a monthly basis.

1. Conducts meetings with AML Compliance team;
2. Ensures clear understanding of the duties and responsibilities of the Anti-Money Laundering Compliance personnel;
3. Recommends improvements on existing policies and procedures;
4. Ensures submission of status reports and other reports as may be required by the Compliance Head and SG Branch Chief Executive in timely and accurate manner;
5. Evaluates/rates the performance of Anti-Money Laundering Compliance personnel of SG Branch;
6. Monitors punctuality and attendance of Anti-Money Laundering Compliance personnel of SG Branch;
7. Ensures that good housekeeping is maintained by SG Branch Anti-Money Laundering Compliance personnel;
8. Maintains the files of SG Branch Anti-Money Laundering Compliance Team in good order;
9. Ensures that emails are read and attended to timely; and
10. Other duties and responsibilities as deemed fit to his qualifications and designation by the senior management from time to time provided there is no direct conflict with his key roles and functions.