Head jobs in United Kingdom

Job Purpose:

Provide advice and guidance to 1st line of defence and other relevant teams in the area of AML/CFT/PF, Sanctions and KYC. Perform daily BAU tasks. Support Head of Compliance in discharging the necessary compliance duties & responsibilities.

Job Responsibilities:

Implement AML/CFT Compliance-related Policy and Procedures

Address gaps, review and implement AML/CFT compliance-related policy and procedure to ensure alignment and compliance with appropriate global AML/CFT polices and standards.

Review and handling of SafeWatch alerts

Review and release SafeWatch alerts (mainly at Level 2) on the same day except for alerts which required RFI and/or assigned under investigation. Provide valid justifications for closure of alerts.

Review and handling of FCCM alerts

Perform daily review, handling and follow-up on FCCM alerts. Ensure the turnaround time for alerts closure is kept within the stipulated time frame as stated in the relevant Policy & Procedure. Escalate any suspicious transactions to the Head of Compliance within 1 working day from the establishing of the suspicion.

Provide advice, guidance and training

Provide advice and guidance to 1st line of defence and any other relevant teams in the area of Anti-Money Laundering, Countering Financing of Terrorism, Proliferation Financing, Sanctions and Know-Your-Customer (“KYC”).

Assess the training needs of the branch and conduct necessary trainings and coaching from time to time, on intended and ad hoc basis.

Handling of requests from government agencies (including from MAS)

Coordinate with the relevant teams in fulfilling the requests in a timely manner and discuss with the Head of Compliance accordingly before replying to the government agencies.

Policies and Procedures review

Review policies and procedures submitted by stakeholders to ensure compliance with MAS regulations, local laws, policies & procedures from Head Office, and submit to Head Office for validation.

MIS Reporting to Head Office

Ensure all information and data pertaining to the MIS reporting to Head Office is carefully reviewed for relevancy and accuracy before submission to Head Office.

Circulate the MIS reports to Country Manager and Head of Compliance for review before submission to Head Office in a timely manner, whenever necessary.

Compliance Assurance testing

Ensure all scheduled onsite compliance assurance testing is duly conducted in accordance with the approved Compliance Assurance Plan.

Support the Head Office Compliance Assurance Team in offsite compliance assurance testing, whenever necessary.

Dissemination of MAS circulars/information requests or equivalent

Review the circulars/information requests before dissemination to the relevant teams to ensure the circulars/information requests are indeed relevant to the recipient teams.

Monitor the stated deadlines in the circulars/information requests and coordinate with the relevant teams to ensure timely submission on what is required as per the circulars/information requests.

Usage and maintenance of compliance-related shared folders

Ensure all compliance-related registers / returns / submissions / policies & procedures etc. are properly maintained and retained in the relevant compliance-related shared folders in a manner and format that is easily retrievable for working and record retention purposes.

Assist and support the Head of Compliance in discharging compliance duties & responsibilities

Assist and support the Head of Compliance in the daily BAU tasks, ad hoc/assigned tasks, etc. to ensure timely completion of these tasks.

Keep abreast of the relevant regulations and trends/typologies

Keep abreast of the regulations and latest trends/typologies pertaining to AML/CFT/PF, Sanctions and KYC.

Keep abreast of the latest regulatory interpretation/market best practices of any other regulations applicable to the branch.

Ad hoc tasks/assignments

Assist and support the Head of Compliance or Senior Management from time to time on any ad hoc tasks/assignments.

Minimum qualifications:

Bachelor’s degree in the area of Business / Finance / Accounting / Banking / Law.

Bachelor’s degree in other areas will be considered on a case-by-case basis should the candidates possess the relevant compliance skills set as stated in the job description.

Minimum experience:

Minimum 6-8 years of relevant AML/CFT/PF, Sanctions and KYC Compliance experience in financial institutions, preferably in banking. Candidates with experience in regulatory compliance will be a plus.

Knowledge and Skill:

• Well versed in AML/CFT/PF, Sanctions and KYC Compliance knowledge and regulations.
• Good understanding of Banking and Compliance-related systems.
• Understanding of Banking Operations.
• Possess good analytical skills.
• Good knowledge of trade finance is a plus.
• Excellent verbal communication and interpersonal skills.
• Strong writing skills.