Relationship Manager - Bank

Position Summary:

The Head of Anti-Money Laundering (AML) Department will lead and oversee the AML program of the organization, ensuring compliance with all applicable local, national, and international regulatory requirements. This role involves managing a team of AML professionals, developing and implementing policies and procedures to prevent money laundering and other financial crimes, and coordinating with internal and external stakeholders. The individual in this role will serve as the senior advisor for AML-related issues and will be responsible for driving the strategic direction and operational execution of the organization’s AML program.

Key Responsibilities:1. Leadership & Team Management:

• Lead and manage the AML department, providing guidance, mentorship, and oversight to a team of AML analysts and officers.
• Ensure the team is adequately trained on AML procedures, regulations, and emerging risks.
• Conduct regular performance reviews, set clear objectives, and foster a culture of compliance and ethics within the department.

2. Program Development & Implementation:

• Develop, implement, and maintain the organization’s AML policies, procedures, and controls in accordance with legal, regulatory, and best practice standards.
• Oversee the implementation of AML risk assessments and ensure appropriate measures are in place to mitigate identified risks.
• Ensure the AML program is aligned with the organization’s overall risk management framework.

3. Compliance Monitoring & Reporting:

• Conduct regular reviews of AML programs to identify gaps, improve effectiveness, and ensure adherence to regulations.
• Report to senior management and the Board of Directors on AML program performance, emerging risks, and significant incidents.
• Lead the preparation of reports for regulatory authorities, including suspicious activity reports (SARs) and other filings as required.
• Oversee the investigation and resolution of suspicious activity, ensuring timely and effective documentation and reporting.

4. Regulatory Compliance & Liaison:

• Stay up to date with relevant local and global regulatory changes, ensuring the organization remains compliant with all AML laws and regulations.
• Act as the primary liaison with regulatory bodies and external auditors during AML-related inquiries, audits, and examinations.
• Represent the organization in industry forums, conferences, and other events related to AML compliance.

5. Risk Management & Mitigation:

• Lead the identification and assessment of money laundering risks across business lines and geographical regions.
• Develop and implement risk mitigation strategies, ensuring that the organization has appropriate controls to detect and prevent money laundering.
• Collaborate with other departments (e.g., Legal, Risk, Operations) to align AML risk management with broader organizational risk management efforts.

6. Training & Awareness:

• Oversee the development and delivery of AML training programs to staff across the organization to raise awareness and understanding of AML risks and compliance requirements.
• Ensure that all employees are adequately trained in recognizing suspicious activity and understanding the organization's reporting obligations.

7. Audit & Investigations:

• Lead the investigation of complex or high-risk transactions and activities to determine whether they may involve money laundering or other financial crimes.
• Ensure that any required remedial actions or corrective measures are implemented following an investigation.
• Work closely with internal audit and external auditors to facilitate comprehensive AML audits.

Qualifications:Education:

• Bachelor’s degree in Business, Finance, Law, Criminal Justice, or a related field.
• Advanced degree (e.g., MBA, JD) or professional certifications (e.g., CAMS, ICA) preferred.

Experience:

• Minimum of [7-10] years of experience in AML compliance, financial crime prevention, or a related field, with at least [3-5] years in a managerial or leadership role.
• Deep knowledge of AML regulations (e.g., FATF, Bank Secrecy Act, GDPR, OFAC) and best practices.
• Experience in managing and implementing AML programs in a complex, multi-jurisdictional environment.
• Proven track record in managing teams, cross-functional collaboration, and engaging with senior leadership.

Skills:

• Strong leadership and people management skills, with the ability to motivate and develop a team.
• In-depth understanding of financial crimes, money laundering techniques, and the application of AML risk assessments.
• Exceptional communication, presentation, and interpersonal skills, with the ability to interact effectively with both internal and external stakeholders.
• Excellent analytical and problem-solving skills, with the ability to assess and mitigate AML-related risks.
• Strong attention to detail and ability to manage multiple projects simultaneously in a fast-paced environment.

Certifications:

• Certified Anti-Money Laundering Specialist (CAMS) or equivalent certification preferred.
• Additional certifications in related fields (e.g., Certified Fraud Examiner, ICA Diploma) are a plus.

Job Types: Full-time, Permanent

Pay: Up to Php120,000.00 per month

Benefits:

• Company events
• Health insurance
• Life insurance

Schedule:

• 8 hour shift
• Holidays
• Monday to Friday
• Weekends

Supplemental Pay:

• 13th month salary
• Bonus pay
• Commission pay
• Overtime pay
• Performance bonus
• Quarterly bonus