Assistant Manager, Financial Crime Compliance
- Compensation
- Not disclosed
- Location
- Makati City
- Work setup
- Not specified
- Seniority
- Not specified
- Employment
- Not specified
- Experience
- 5+ years
- Category
- Not specified
- Posted
Skills
Must have
- Must have a strong knowledge of AML and sanctions concepts, laws and regulations.
- Should be familiar with AML systems i.e., watchlist scanning and transaction monitoring systems.
- Should be familiar with AML processes and controls. And help to drive the high-quality monitoring program.
- Should have experience in quality assurance and compliance testing.
- Bachelor’s Degree with minimum 5 years working experience in financial industry.
- A background in compliance, risk and audit will be preferred.
- Good interpersonal skills to work with various stakeholders and as a team.
- Able to work under pressure with good Compliance judgement skill.
Full description
The FCC, Assistant Manager provides operational, analytical, and administrative support for the Company's Financial Crime Compliance function. The role is responsible for executing established Financial Crime compliance processes, preparing regulatory reports and submissions, conducting due diligence and quality assurance activities, maintaining compliance records, and coordinating with internal stakeholders to support the timely completion of compliance requirements.
The position conducts AML/ATF, Anti Fraud, Anti Bribery and Anti Corruption (ABAC), FATCA & CRS monitoring and reporting activities, regulatory compliance administration, compliance testing, training coordination, regulatory change management, and committee governance support.
Position Responsibilities:
- 2nd line defense of AMLATF related activities of the Company via the timely preparation and release of Enhance Due Diligence (EDD) Reports; Suspicious Transaction (STR) for the approval of the CCO and AML Officer; and the filing of Covered Transaction Reports (CTR), and Compliance Return of the Freeze Order to the regulator.
- Overseeing the Company’s AMLATF systems, processes, and controls, including ensuring that they are effective and of high-quality. Also, ensuring that first line monitoring and escalation of the same is timely and of quality.
- FATCA and CRS reporting, review and training.
- Test the effectiveness of the compliance program by risk-based Quality Assurance (QA) and compliance testing. Responsible for preparing yearly QA/test plan for the approval of CCO.
- Ensuring the timely follow-ups and reporting to the regulators within the prescribed regulatory timeline.
- Participate in annual AMLATF annual self-assessment and AMLATF questionnaire as per regional compliance office guidelines and local regulatory guidelines.
On AML/ATF:
A. STR
- Review of escalated case by line 1b and operations.
- Endorsed suspicious cases to the CCO and AML officer and file a STR once the case is confirmed as suspicious.
B. CTR
- To check the completeness and correctness of the extract and verify/validate with IS if the extract is empty, incomplete or questionable.
- To upload CTRs with the AMLC regulatory portal within the prescribed period; and
- To conduct sample checks every quarter, minimum of 25 samples of payment, disbursement and claims transaction, to verify if the reportable transaction was reported to the regulator.
C. Freeze Order and Compliance Return Uploading
- Coordinate with operations team for appropriate flagging in systems within 24 hours from receipt of the Freeze Order.
- To ensure that all Compliance Returns required by the AML regulator, are uploaded to the AML regulatory portal within 24 hours from receipt of the Freeze Order.