Manager, Risk & Special Asset Management Department

Job Description

Title: Manager, Risk & Special Asset Management Department

Company Name: Infrastructure Development Company Limited (IDCOL)

Vacancy: 1

Location: Anywhere in Bangladesh

Experience:
∎ At least 5 years

Published: 22 Jan 2025

Education:
∎ Minimum bachelor’s degree in Finance, Law, Economics, Business Administration or related field with a minimum CGPA of 3.00; Master’s or professional certifications (CAMS, ICA) will be preferred.
∎ Minimum bachelor’s degree in Finance, Law, Economics, Business Administration or related field with a minimum CGPA of 3.00; Master’s or professional certifications (CAMS, ICA) will be preferred.

Requirements:

Additional Requirements:
∎ A minimum of 5 years of experience in AML/CFT, Compliance or Risk Management Unit of Financial Institutions (at least 02 years in a leadership role within banks and FCs)
∎ Understanding of requirements from local regulators like BFIU, Bangladesh Bank and international regulators like FATF, DoJ, OFAC and European Union. Also, a detailed understating of local and international financial AML/CFT trends would be preferred.
∎ Proficiency in using compliance tools, regulatory reporting (STRs/SARs/CTRs) and risk assessment frameworks.
∎ Proven ability to lead teams, make decisions, and collaborate with internal and external stakeholders to get the response and results as per requirement.
∎ Strong communication and reading skills in English; effective communication skills for engaging with management, regulators, auditors and law enforcement agencies.
∎ High ethical standards, attention to detail, and ability to manage multiple priorities.
∎ A minimum of 5 years of experience in AML/CFT, Compliance or Risk Management Unit of Financial Institutions (at least 02 years in a leadership role within banks and FCs)
∎ Understanding of requirements from local regulators like BFIU, Bangladesh Bank and international regulators like FATF, DoJ, OFAC and European Union. Also, a detailed understating of local and international financial AML/CFT trends would be preferred.
∎ Proficiency in using compliance tools, regulatory reporting (STRs/SARs/CTRs) and risk assessment frameworks.
∎ Proven ability to lead teams, make decisions, and collaborate with internal and external stakeholders to get the response and results as per requirement.
∎ Strong communication and reading skills in English; effective communication skills for engaging with management, regulators, auditors and law enforcement agencies.
∎ High ethical standards, attention to detail, and ability to manage multiple priorities.

Responsibilities & Context:
∎ Lead the development, implementation, and regular review of the AML/CFT framework, ensuring compliance with Bangladesh Bank regulations and international best practices. Supervise the execution of policies, including Customer Acceptance Policy (CAP), KYC, due diligence, and transaction monitoring.
∎ Conduct enterprise-wide AML/CFT risk assessments, oversee transaction monitoring to detect suspicious activities, and ensure effective mitigation strategies for high-risk accounts and transactions.
∎ Act as the key liaison with regulators, auditors, and law enforcement agencies to ensure compliance with and address queries.
∎ Develop and update AML/CFT policies, processes, and guidelines in response to regulatory changes. Conduct organization-wide training programs to build awareness and expertise among employees and external stakeholders.
∎ Lead, mentor, and manage the AML/CFT team, ensuring resource efficiency and skill development. Oversee the implementation and maintenance of compliance tools and systems.
∎ Collaborate with internal departments (e.g., Risk, Legal, Credit) to address compliance risks. Provide periodic updates to the CEO, Board of Directors, and Audit Committee on AML/CFT activities and risks.
∎ Manage the process of reviewing, approving, and disclosing STRs/SARs. Maintain a comprehensive database of suspicious activity disclosures and ensure timely follow-up and corrective actions.
∎ As a champion of sustainable financing solutions, Infrastructure Development Company Limited (IDCOL) empowers transformative projects across diverse sectors. Join our dynamic team to drive positive change through sustainable development and shape a brighter, greener future.
∎ Duties and Responsibilities
∎ Lead the development, implementation, and regular review of the AML/CFT framework, ensuring compliance with Bangladesh Bank regulations and international best practices. Supervise the execution of policies, including Customer Acceptance Policy (CAP), KYC, due diligence, and transaction monitoring.
∎ Conduct enterprise-wide AML/CFT risk assessments, oversee transaction monitoring to detect suspicious activities, and ensure effective mitigation strategies for high-risk accounts and transactions.
∎ Act as the key liaison with regulators, auditors, and law enforcement agencies to ensure compliance with and address queries.
∎ Develop and update AML/CFT policies, processes, and guidelines in response to regulatory changes. Conduct organization-wide training programs to build awareness and expertise among employees and external stakeholders.
∎ Lead, mentor, and manage the AML/CFT team, ensuring resource efficiency and skill development. Oversee the implementation and maintenance of compliance tools and systems.
∎ Collaborate with internal departments (e.g., Risk, Legal, Credit) to address compliance risks. Provide periodic updates to the CEO, Board of Directors, and Audit Committee on AML/CFT activities and risks.
∎ Manage the process of reviewing, approving, and disclosing STRs/SARs. Maintain a comprehensive database of suspicious activity disclosures and ensure timely follow-up and corrective actions.

Compensation & Other Benefits:
∎ We offer attractive package
∎ We offer attractive package

Employment Status: Full Time

Job Location: Anywhere in Bangladesh

Apply URL::

Apply Procedure:

Company Information:
∎ Infrastructure Development Company Limited (IDCOL)
∎ UTC Building (16th floor), 8 Panthapath, Kawran Bazar, Dhaka 1215
∎ Infrastructure Development Company Limited (IDCOL), a public-private partnership organization, is the market leader in developing and financing private sector large, medium and small-scale infrastructure as well as renewable energy projects.

Address::
∎ UTC Building (16th floor), 8 Panthapath, Kawran Bazar, Dhaka 1215
∎ Infrastructure Development Company Limited (IDCOL), a public-private partnership organization, is the market leader in developing and financing private sector large, medium and small-scale infrastructure as well as renewable energy projects.

Read Before Apply: Please apply only who are fulfilling all the requirements of this job

Application Deadline: 6 Feb 2025

Category: Bank/Non-Bank Fin. Institution