Manager, AMLD Operations, Anti Money Laundering
Job Description
Title: 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:
∎ At least 10 year(s)
Job Context:
∎ BRAC Bank is one of the most 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.
∎ BRAC Bank is currently looking for an ambitious, intelligent, goal-oriented, enthusiastic individual for the following position in its Anti Money Laundering Division.
Job Responsibilities:
∎ Self-Assigning of production orders received through goAML and other means;
∎ Making initial input in the MIS and initiating search and identifying accounts using available systems;
∎ Taking appropriate action as per the requirement of a production order (Total Freeze/Debit Freeze etc.);
∎ Placing requirements to departments/branches concerned for AOFs, Loan Files/Credit Card Forms and Statements, Vouchers, Visit Reports, etc.;
∎ Searching 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;
∎ Dispatching/sending the communications/response to BFIU as per instruction, completing the MIS entry, and preserving the record of the same;
∎ Forwarding the positive matches to the Branch/Transaction Monitoring team concerned for further review to identify Suspicious Transactions/Activities;
∎ Checking the quality of documents and reason for assigned STR/SAR;
∎ Sending RFI to branches/team concerned if further justification/ information/documentation (AFOs/Statement/Voucher/Visit Report/internal Investigation report adverse media etc.) is required;
∎ Following up with concerned branches/divisions to meet prescribed deadline;
∎ Writing of elaborate, accurate, and clear Suspicious Transaction Report, getting vetted by the line manager, obtaining final approval from DCAMLCO or his designate;
∎ Reporting to BFIU using the goAML reporting site and preserving a record of the same;
∎ Initiate post-SAR/STR-related activities;
∎ Checking the quality of the assigned STR/SARs as per internal and regulatory guidelines;
∎ Assisting line managers in supervising and monitoring the team's activities in handling production orders;
∎ Assisting line manager in developing processes and policies relating to the activity of the AML Operations team;
∎ Coordinating with the line manager for any internal audit and BFIU inspection response;
∎ Preparing reports for different forums (CCC/ERMC etc.) and Senior Management as and when required by the Division;
∎ Participating in the preparation of training materials and providing training to the stakeholders;
∎ Maintaining internal MIS and assisting the line manager in preparing different weekly or monthly reports as required by the divisional/department head.
Additional Requirements:
∎ More than 10 Years of Experience on AML/KYC due diligence issues and correspondence and reporting with BFIU and other Regulators;
∎ Good conceptual skill in understanding market dynamics;
∎ Adequate training to understand trade and international payment mechanisms;
∎ Strong communication especially in English & interpersonal skills;
∎ Good knowledge of economic events;
∎ Ability to handle stressful situations;
∎ Be customer-centric, self-propelled, a team player, and capable of meeting deadlines.
Job Source: Bdjobs.com Online Job Posting.
Application Deadline: 10 Jan 2023
Company Information:
∎ 29 Dec 2022
∎ BRAC Bank Limited
∎ Business : BRAC Bank, the pioneer of SME Banking in Bangladesh, delivers a full array of banking services to individuals and business entities. Its financial results, along with the best credit rating from the top-rated global and local agencies and multiple best financial report awards, speak of the bank`s aspiration, transparency, and teamwork towards becoming the best bank in the country.
Category: Bank/Non-Bank Fin. Institution
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