Responsibilities:
Responsible for the management and control of all areas of compliance.
Supervision
As Compliance Officer with AML/CFT portfolio to provide leadership to junior colleagues and /or new colleagues by training them on AML/CFT concepts and operational level details.
Regulatory Compliance
- To assist in updating the Bank’s AML/ KYC policies and procedures/ Transaction Monitoring Procedures/ List.
- Review the Transaction Monitoring Parameters including empirical analysis of the thresholds and parameters and testing of the Transaction Monitoring System for completeness and accuracy.
Reporting
Data collection, preparation and timely submission of the following returns to HO
- Compliance Key Risk Indicator return
- Risk Profile Template
Compliance Advisory
Provide advisory on various AML related queries in relation to onboarding & review of customers and transactions such as: for name screening, transaction monitoring, risk categorization, interpretation of red flags observed etc.
from Branches and other departments.
Ongoing Monitoring
Review and escalation of Transaction Monitoring
STR Filing
Analysis of Alerts, Follow-Up with Relevant Departments for resolution of Alerts, Reporting of True Alerts and STR filing. Second level quality check and approver for STRs filed by other compliance officers.
Compliance Reviews/Testing
Conducting Annual Reviews for OHR and PEP customers (both Retail and Corporate (except NPOs) customers.
Reviewing monthly testing of Pelican OFAC messages/sampling reviews.
Reviewing quarterly testing of new on-boarded corporate customers
Others
- Liaising with HO for various compliance related IT issues such as raising data requirements for various projects/ validations/ implementation of new technology tools (e.g. World Check one) etc.
- Liaising with different vendors for resolution of issues raised to them with the help if IT department,
- To cover other team members within Compliance Departments in assigned areas during their leave of absence
- To undertake the EWRA activity for a business line allocated by Head Compliance
Requirements:
- Bachelors Degree or equivalent, preference will be given to those who have done courses related to the Banking
- Minimum Banking experience of continous 8 years in various roles/areas
- Strong understanding of financial compliance.
- Sound knowledge of banking systems/processes/procedures/ products.
- Good management skills and analytical mindset, one who can effectively
