Associate Manager/ Manager, Anti-Money Laundering Division

Job Description

Title: Associate Manager/ Manager, Anti-Money Laundering Division

Company Name: BRAC Bank Limited

Vacancy: Not specific

Job Location: Dhaka

Employment Status: Full-time

Educational Requirements:
∎ BBA/MBA/Graduate or MSc in CSE;

Experience Requirements:
∎ 4 to 5 year(s)

Job Responsibilities:
∎ CDD/ EDD/ PEP/ IP/ Sanctions Advisory and Exception approvals, Correspondent Banking EDD Advisory, Risk Assessment of regulatory requirements (Circulars/Acts), Formulation and updating Relevant Policies & SOPs, Risk Assessment of Products & Services, Branch Queries, TBML Advisory, TBML L3 alert mitigation, AML/TBML Training content preparation, and conducting sessions.
∎ Maintain and circulate Central MIS, self-assessment review of branches and follow-up on observations, quarterly meeting minutes review and follow-up, off-site review of branches, plan and coordinate for branch inspections/on-site reviews across Bangladesh, follow-up on branches for weaknesses mentioned in half-yearly AML-CFT report, etc.
∎ Take appropriate actions according to the requirement of regulatory letters/production orders following the end-to-end process.
∎ Assist in reviewing/investigating, and reporting of Suspicious Transaction/Activity and post reporting activity. Also, initiate Adverse Media search using available systems and escalate to Line Manager.
∎ Assist in Reporting of Cash Transaction Report to Regulatory Authority.
∎ Review related processes and suggest amendments of the same according to the changes of internal policy and Bangladesh Bank/BFIU regulations.
∎ Assist in ongoing AML Transaction Monitoring for various exception reports such as Cash Transaction Report, Transaction Profile Breach Report, and Transaction Monitoring Reports for High-Risk Accounts, Credit Card Transactions Monitoring, etc.
∎ Communicate with relevant units and the business in regards to STRs, compliance reviews, investigations, as well as other Ad-hoc projects.
∎ Coordinate with regulatory audit and other external stakeholders as well as internal stakeholders.

Additional Requirements:
∎ Minimum 4-5 Years working experience in the banking industry;
∎ Candidates having experience in handling AML issues will get preference;
∎ Candidates having CAMS certification will get a preference;
∎ Strong command over advanced MS excel;
∎ Strong communication and presentation skills;
∎ The ability to read and interpret documents such as government regulations, internal controls, and instruction manuals;
∎ Maintenance of discretion in handling confidential information;
∎ Usage of math skills including multiplying, dividing, and counting using fractions;
∎ Interact with team members at all levels of the organization professionally; ability to speak in front of groups;
∎ Willing to travel frequently;
∎ Proficient in customer centricity, self-propelled, team player, and capability to meet deadlines.

Job Source: Online Job Posting.

Application Deadline: 5 Dec 2021

Company Information:
∎ 17 Nov 2021
∎ BRAC Bank Limited
∎ Business : BRAC Bank Limited, pioneer in SME Banking, delivers a full array of banking services to individuals as well as business entities. With a network of 184 Branches, over 460 ATMs, 448 SME Unit Offices and 229 remittance delivery points, the Bank has unmatched reach to provide a comprehensive range of solutions to serve millions.

Category: Bank/Non-Bank Fin. Institution