Senior Officer / Principal Officer

Job Description

Title: Senior Officer / Principal Officer

Company Name: Woori Bank

Vacancy: --

Age: Na

Job Location: Dhaka

Salary: Negotiable

Experience:

• At least 3 years
• The applicants should have experience in the following business area(s): Banks

• Masters
• Bachelor/Honors

• Master’s / Bachelor's Degree preferably in Business discipline from any reputed Public/Private/Foreign University with good academic record of accomplishment.

• At least 3 years
• The applicants should have experience in the following business area(s): Banks

• Minimum 03 years of experience in AML activities of a Bank.

• Must be familiar with basic AML issues (CDD, EDD, TDD, CTR, STR, SAR, Traction Monitoring, Sanction Screening, Vessel Tracking, and Price Verification).

• Relevant/connected certification (like CAMS, CDCS, and CEAF) will be considered as an added advantage.

Woori Bank, the First Commercial Bank of Korea incorporated in 1899, head Quarter located in Seoul, South Korea, operating 877 Branches in Korea and 430 Global Networks in 26 Countries with 22,377 employees.

Being one of the largest commercial bank of Korea, Woori Bank started its operation in Bangladesh in 1996. During last 30 years in Bangladesh, the Bank expanded its network with 07 Branches (Gulshan, Mirpur, Uttara, Narayanganj, Chittagong, Motijheel and Karwan Bazar) and 02 Customer Service Centre in DEPZ, Savar & CEPZ, Chattogram. The Bank also diversified its portfolio in both Retail and Corporate Banking services to its customer with premium service quality. As part of its Business expansion, Woori Bank is looking for highly deserved candidates for the following position:

• Type of Employment: Permanent

• Department: Anti-Money Laundering

Job Responsibilities

• Coordinate Bank’s AML & CFT compliance initiatives as assigned by DCAMLCO/CAMLCO.

• Ensure timely submission of BFIU queries through GOAML.

• Issue necessary instructions/guidance regarding AML & CFT for branches

• Identify, vet and address potential risks or escalated issues with the assistance of functional partners and key stakeholders

• Utilize information from regulatory changes, new regulations, and internal policy changes to further identify new key risk areas

• Analyse comparative data, prepare and present reports related to AML risk assessments, and monitor AML related issues and escalations.

• Keep an eye on high-risk customers and reporting any suspicious transaction to the regulatory authorities.

• Investigation and analysis of Suspicious Transaction Report (STR)/ Suspicious Activity Report (SAR) submitted by branches and sent to BFIU.

• Forward STR/SAR and CTR to BFIU in time and in proper manner.

• Continuous monitoring of the branches (using Transaction Monitoring tools, Sanction screening tools) to identify suspicious transaction and ensure sanction compliance.

• Conduct periodic inspection in branches on prevention of Money Laundering and Combating Financing of Terrorism issues for checking of records, papers and documents. Offsite and onsite monitoring of assigned branches.

• Work with the audit findings regarding AML & CFT related lapses of branches.

• Ensure meticulous compliance of all applicable Operational Policies, Guidelines, Instructions, Circulars of the Bank and any regulatory authorities.

• Performing other relevant task/job assigned by HOD/DCAMLCO as and when required.

• Allowances & Benefits: Different allowances and benefits as per Bank’s rules.