Associate Manager/Manager, AMLD Operations, Anti Money Laundering
Job Description
Title: Associate Manager/Manager, AMLD Operations, Anti Money Laundering
Company Name: BRAC Bank Limited
Vacancy: Not specific
Job Location: Anywhere in Bangladesh
Employment Status: Full-time
Educational Requirements:
∎ Master's/Bachelor's degree from a reputed university with a satisfactory academic track record;
Experience Requirements:
∎ 6 to 10 year(s)
Job Responsibilities:
∎ Self-assigning of production orders received through goAML and other means;
∎ Make initial input in the MIS, initiate search, and identify accounts using available systems;
∎ Take appropriate action as per the requirement of a production order (total freeze/debit freeze etc.);
∎ Place requirements to departments/branches concerned for AOFs, Loan Files/Credit Card Forms and Statements, Vouchers, Visit Reports, etc.;
∎ Search for adverse media regarding the account(s)/name(s) identified using available open source, i.e. Google/Internet/other available tools;
∎ Quality checking of the retrieved documents, arranging further docs if necessary, preparing a draft response, getting vetted by the line manager, and finalizing the letter;
∎ Dispatch the communications/response to BFIU as per instruction, completing the MIS entry, and preserving the record of the same;
∎ Forward the positive matches to the Branch/Transaction Monitoring team concerned for further review to identify Suspicious Transactions/Activities;
∎ Check the quality of documents and reason for assigned STR/SAR;
∎ Send RFI to branches/teams concerned if further justification/ information/documentation (AFOs/Statement/Voucher/Visit Report/internal Investigation report adverse media etc.) is required;
∎ Follow up with concerned branches/divisions to meet prescribed deadline;
∎ Write elaborate, accurate, and clear Suspicious Transaction Report, getting vetted by the line manager, obtaining final approval from DCAMLCO or his designate;
∎ Report to BFIU using the goAML reporting site and preserve a record of the same;
∎ Initiate post-SAR/STR-related activities;
∎ Check the quality of the assigned STR/SARs as per internal and regulatory guidelines;
∎ Assist line managers in supervising and monitoring the team's activities in handling production orders;
∎ Assist line manager in developing processes and policies relating to the activity of the AML Operations team;
∎ Coordinate with the line manager for any internal audit and BFIU inspection response;
∎ Prepare reports for the different forum (CCC/ERMC etc.) and Senior Management as and when required by the Division;
∎ Participate in the preparation of training materials and provide training to the stakeholders;
∎ Maintain internal MIS, and assist the line manager in preparing different weekly or monthly reports, as required by the divisional/department head.
Additional Requirements:
∎ 6-10 years of experience on AML/KYC due diligence issues and correspondence and reporting with BFIU and other regulators;
∎ Good conceptual skill in understanding the market dynamics;
∎ Strong communication especially in English and interpersonal skills;
∎ Ability to handle stressful situations;
∎ Be self-propelled, a team player, and capable of meeting deadlines.
Job Source: Bdjobs.com Online Job Posting.
Application Deadline: 11 Mar 2023
Company Information:
∎ 4 Mar 2023
∎ BRAC Bank Limited
∎ Business : BRAC Bank is one of the top sustainable banks in Bangladesh. Established with a view to financial inclusion, BRAC Bank is the pioneer of SME Banking in Bangladesh, delivering a full array of banking services to individuals and business entities. Its strong financials, along with the best credit rating from the top global and local rating agencies and numerous recognitions, speak of the bank`s aspiration towards becoming the best bank in the country.
Category: Bank/Non-Bank Fin. Institution
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