Company Background:
Our client is a famous investment bank.

Objectives:

• Ensure AML monitoring and surveillance program is performed in a professional manner and any suspicious transaction reporting is executed in an accurate, complete and timely manner. 
• Conduct investigations on suspicious transactions and ensure proper turn around of the report to local authorities. 
• Provide the firm with the necessary information to record, monitor and limit the legal and reputational risks relating to money laundering and terrorist financing. 
• Assist the Regional Compliance team to implement and oversee the China AML compliance program. 
• Address any AML issues raised internally or externally.

Key duties include the following:

• Advise the BU, Operations, Legal Entities Group as appropriate on matters which include but are not limited to:

1. Client Identification. 
2. High Risk Clients, including clients from high risk jurisdictions and PEP.
3. Payments - Monitoring. 
4. OFAC. 
5. General Policy and Procedure.

• Suspicious transaction reporting.

1. Manage daily monitoring and surveillance of transactions that fit the suspicious transaction scenarios prescribed by regulations. 
2. Investigate and determine suspicious transactions that are reportable.

• OFAC/GCL payment exceptions.

1. Review and approve payment exceptions generated through the monitoring of client payments.

• Policy review and development.

1. Monitoring of regulatory developments and perform rule reviews where necessary in order to update Firm policies and procedures. 
2. Advising on, and resolving any AML issues which arise as a result of a change in local regulations or market practice. 
3. Act as key liaison officer with PBOC or other regulators to clarify any AML issues.

• Regular AML Updates.

1. Co-ordinate regular AML Committee meetings to keep senior management advised of the progress of firm’s AML controls and risks. 
2. Liaise with AML Group to keep abreast of firm policy and procedures or to escalate potential AML issues.

• Training - Co-ordinate a regular AML training program for all staff of the China Bank. 
•  Projects - Co-ordinate and ensure smooth implementation of any new AML initiative.

Skills Required:

• Bachelor degree or above. 
• At least 2 years of relevant experience. 
• Compliance and/or AML background would be ideal but is not essential. 
• Background in "Big 4" accounting firm (having financial services clients) or commercial banking experience would be valued. 
• Excellent knowledge of English and Mandarin, both written & spoken. 
• Ability to work independently as well as part of a team.
• Be accurate with strong attention to detail.