Assistant Manager – Enterprise-Wide Financial Crime Risk Assessment

Overall, the role is key to supporting the bank's compliance framework to prevent money laundering risks and maintain regulatory adherence.

Responsible for ensuring that the institution identifies, assesses, and controls financial crime risks across the enterprise, maintaining compliance with regulatory standards and protecting the Bank from financial and reputational harm. Key result areas are assessment and mitigation of enterprise-wide financial crime risks, sanction compliance, group liaison, reporting, and embedding a culture of compliance throughout the business.

• Developing, updating, and enforcing AML-CFT-CPF policies and procedures that comply with local and international regulatory frameworks to mitigate identified risks
  

• Supporting and conducting comprehensive financial crime risk assessments across the enterprise to identify vulnerabilities and emerging risks.
  

• Coordinating the Annual Financial Crime Risk Assessment for the bank and preparation of the outcome report
  

• Preparing internal reports for senior management and relevant committees on financial crime risk and compliance status.
  

• Conducting risk assessments, gap analyses, and horizon scanning for regulatory changes to ensure ongoing compliance.
  

• Managing and responding to queries related to financial crime risks raised by business units and regulators.
  

• Supporting compliance with financial crime regulations such as Anti-Money Laundering (AML), Anti-Bribery and Corruption (ABC), and Know Your Customer (KYC).
  

• Handling suspicious activity reports and cooperating with regulatory requests or investigations.
  

• Collaborating closely with other teams such as distribution, Legal, audit and risk units to ensure consistency in risk management.
  

• Assisting in the development and delivery of training and awareness programs related to financial crime risk and compliance requirements.
  

• Reviewing and maintaining compliance risk frameworks, policies, procedures and controls related to Anti-Money Laundering (AML), sanctions, Anti-bribery, and Anti-corruption compliance
  

• Providing advice and guidance to business units on financial crime risks, regulatory requirements, and compliance expectations.
  

• Managing risk assessment data, metrics, and management information (MI) for reporting to risk committees and senior management.
  

• Conducting operational effectiveness testing of financial crime controls and ensuring compliance with regulatory standards.
  

• Investigating and escalating suspicious activities or alerts related to financial crime.
  

• Contributing to the design and implementation of risk models, customer risk assessments, and control frameworks.
  

• Supporting incident investigations and regulatory reporting obligations such as Suspicious Activity Reports (SARs).
  

• Conducting reviews on client screenings, name searches, and performing quality assurance tasks related to FCC.
  

• Supporting AML activities such as typology assessments, transaction monitoring thresholds fine-tuning, and proposing improvements towards compliance and efficiency.
  

• Preparing and distributing AML KPIs, reports, dashboards, and process metrics.
  

• Supporting AML tool model validation and enhancements and resolving data quality issues related to alerts
  

• Collaborating with group stakeholders, compliance teams, and IT for AML process improvements.
  

• Additional tasks may involve mentoring team members on KYC and Financial Crime Compliance, performing periodic reviews of corporate accounts and preparing detailed compliance reports.
  

All the above accountabilities include but are not limited to any additional/new tasks or responsibilities assigned by the line Manager.

Key Relationship (Internal & External)

Internal: Liaise with All Departments and Group Compliance

External: Approved Vendors, External Auditors

Job Complexity/Judgment

• Ability to understand affected departments objectives, concerns & proposals
  

• Ability to identify Compliance risks and applicable mitigation solutions
  

• Ability to convey complex issues and solutions in a clear and understandable way
  

• Ability to plan, organize and conduct training & workshops to system & Compliance Risk tools users
  

Job Specification

Minimum bachelor’s degree in economics / accounting / risk management / business administration, Marketing, Banking, and similar subjects. Certifications in Risk Management, Process / System Audit, Marketing is preferred

• Operations & Products.
  

• Former experience in Risk Management / Process Audit / Products development is preferred
  

• Conduct Risk Management
  

• Reputational Risk Management
  

• Risk Policy design and development
  

• Enterprise Risk Assessment (EWRA)
  

• Governance and Risk Quality Assurance Management
  

• Business & Strategic Acumen
  

• Ownership & Accountability
  

• Change & Innovation Agility
  

• Plan & Execute to Excel
  

• Develop Self & Nurture Teams
  

• Digital Mindset
  

• Forster Synergy
  

• Interpersonal Effectiveness
  

Subordinates: None