AML Specialist

Job Description

Summary of the Job: Develop, implement, and manage the Company compliance framework to protect the Company's reputation and ensure that it operates in the highest standards of compliance in accordance with local and regional regulatory requirements.

• Conducts regular review of AML risk-based tools and monitoring systems
• Identifies problems and escalates potential compliance vulnerability, risks, and issues
• Identifies AML implications associated with new products, systems, procedures, and emerging risk areas
• Formulates, reviews, modifies and disseminates guidelines and policies related to the AML Compliance Program of the Company
• Assists in assessing KYC/CDD/EDD
• Monitors and reviews the daily covered and suspicious transactions and performs further investigation on identified suspicious customers and reports to AMLO
• Monitor compliance of business units to new regulations and correspondences from local regulators and regional office
• Assists in implementing and maintaining transaction monitoring policies, procedures, and guidelines
• Develop and promote regular compliance awareness programs through training and campaigns
• Monitor business units’ action plans and compliance to Corporate Governance (regulatory reports submission in accordance with regulators’ reportorial requirements)

• Must be a graduate of Finance, IT, Data Analytics, or any related courses.
• Experienced in/as AML for 1 year is a must have. (Non Negotiable)
• Minimum of 1 year of professional experience in the insurance industry, including compliance and operations. (Non Negotiable)
• With experience and a strong background in regulatory environments, such as insurance and banking. (Non Negotiable)
• Proficient in Microsoft Office applications, including Word, SharePoint, Excel, and PowerPoint. (Non Negotiable)
• Must be a Team player and can work with minimal supervision. (Non Negotiable)
• Excellent interpersonal skills and Excellent communication skills. (Non Negotiable)
• With Strong analytical skills and very keen to details (Non Negotiable)
• Effective problem-solving abilities