AML Compliance Manager

 

My client is seeking a dedicated AML Compliance Manager to provide assurance that AML/CFT/Sanctions risks are effectively managed across the bank’s operations. This role will involve monitoring regulatory developments, updating compliance standards, and ensuring conformity with local laws while collaborating with internal and external stakeholders.

Key Responsibilities:

• Provide assurance that AML/CFT/Sanctions risks are controlled effectively within the bank.
• Ensure retail banking AML/CFT standards align with local laws, addressing any deficiencies promptly.
• Monitor changes in regulations and laws, ensuring all relevant parties are informed and compliant.
• Report to the Head of AML Compliance on significant trends in money laundering and sanctions activities.
• Establish and maintain effective EDD/CDD procedures as per local regulatory requirements.
• Oversee case management data entry and ensure accuracy in CDD processes.
• Deliver relevant awareness and training to staff dealing with individual, SME, and retail banking clients, covering SAR, financial crime trends, and investigation insights.
• Represent the bank in AML forums, including industry groups and ACAMS chapters, focusing on SME AML matters.
• Supervise AML assurance testing across individual and SME banking segments.
• Monitor and escalate changes in money laundering risks affecting Hong Kong, developing and performing risk assessments as required.
• Provide strategic AML/CFT advice to the bank’s businesses and collaborate with the Group on new initiatives.
• Continuously review and update procedures and systems to ensure alignment with local regulatory standards.
• Communicate key AML/CFT issues with the MLRO, addressing significant compliance gaps as needed.

Requirements:

• Bachelor’s degree or higher in a relevant field.
• Substantial experience (8-10+ years) in the financial services industry with a focus on AML, including at least 3-5 years in a supervisory role.
• Strong understanding of local and international AML/CFT requirements.
• Professional qualification in AML/CFT (e.g., HKIB AAMLP/CAMLP, ACAMS, or equivalent) is essential.
• Strong organizational skills, excellent drafting, and negotiation capabilities.
• Effective communication skills (written and verbal), including the ability to present complex information clearly.
• Ability to work independently with minimal supervision, demonstrating responsibility and self-motivation.
• Capable of accepting challenges, considering different perspectives, and adapting approaches accordingly.
• Demonstrates good judgment, leadership skills, and the ability to collaborate within diverse, multicultural teams.
• Creative, resourceful, and resilient, with a keen sense of risk assessment and business acumen.

Email for details: andrew.sze@eamesconsulting.com

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