Associate Manager/ Manager, AML Trade & Business Advisory

BRAC Bank PLC

BRAC Bank PLC

Follow

More jobs from this company

Summary

• Vacancy: —
• Location: Anywhere in Bangladesh
• Experience: At least 5 years
• Published: 20 Feb 2025

Requirements

Education

Graduate from a reputed university with a satisfactory academic track record.

Experience

• At least 5 years
• The applicants should have experience in the following business area(s):
  Banks

Additional Requirements

• Minimum 5 years of banking experience of handling AML/KYC due diligence issues and correspondence and reporting with BFIU and other Regulators.
• Good conceptual skill in understanding industry dynamics.
• Excellent writing and presentation skills.
• Ability to manage and analyze large data sets efficiently. Strong skills in data analytics to interpret complex data, identify patterns, and derive actionable insights for AML/CFT risk assessments and decision-making.
• Good interpersonal skills and effectively handle difficult or sensitive situations.
• Clearly and persuasively communicate with stakeholders, advocating for necessary changes to support compliance and business objectives.
• Self-propelled, proficient in customer-centricity, team player, and capability to meet deadlines.

Responsibilities & Context

BRAC Bank, a leading sustainable bank in Bangladesh, is committed to becoming the best bank in the country. It has pioneered SME Banking in Bangladesh and offers a comprehensive range of banking services to individuals and business entities. BRAC Bank stands out as a beacon of financial inclusion with solid financials, top credit ratings, and numerous accolades.

BRAC Bank is currently looking for an ambitious, intelligent, goal-oriented, and enthusiastic individual for the following position in its Anti-Money Laundering Division:

Associate Manager/Manager, AML Trade & Business Advisory

Grade: PO – SPO

KEY RESPONSIBILITIES:

• Assess and Review: Evaluate clients’ CDD, EDD, PEP, and high-risk accounts as and when escalated.
• Trade-CDD Advisory: Assess and review trade-related CDD, identify and mitigate TBML risks, and conduct risk assessments for high-risk clients and transactions, requiring expertise in trade CDD/EDD and TBML techniques.
• Compliance Advisory: Provide proactive AML/CFT compliance advisory services, assess risks during new product development, and ensure alignment with local and international regulatory standards, integrating AML/CFT and TBML controls into business operations.
• Escalation Assessment: Assess escalated transaction monitoring alerts, sanctions, and adverse media alerts, and recommend actions for TBML red flags.
• Process Improvement: Design, implement, and improve AML/CFT processes and controls, coordinate record retention and transaction monitoring, identify inefficiencies for process optimization, and automate compliance tasks to enhance efficiency and risk detection.
• Policy Administration: Administer record retention and MIS policies for compliance, and review products and services to recommend risk mitigation solutions and ensure regulatory compliance in product governance.
• Stakeholder Management: Build and maintain relationships with business units, operations teams, and external stakeholders to ensure AML/CFT compliance, manage audits and regulatory assessments, support regulatory inquiries, address audit findings, and continuously evaluate and mitigate compliance risks.
• Correspondent Relationships Review: Review documents related to enhanced due diligence (EDD) before establishing RMA with correspondent banks and financial institutions.
• Data Analytics: Gather data and prepare periodic and special reports, manuals, and correspondence to escalate issues to senior management. Additionally, conduct ad hoc reviews for AML & CFT risk forecasts to assist senior management in making informed decisions.
• Audit/ Inspection Correspondence: Address issues and maintain relevant correspondences for internal and external audits of the bank and communicate with regulators, including the Bangladesh Financial Intelligence Unit.
• Regulatory Relationships: Support the management of regulatory relationships with local regulators, especially the Bangladesh Financial Intelligence Unit.
• Training: Prepare AML-CFT training materials, eLearning questionnaires, and conduct customized training sessions for different stakeholder groups.

Employment Status

Full Time

Job Location

Anywhere in Bangladesh

Source link