AML Controls Officer
Invesco
Total years of experience :7 years, 10 Months
• Part of Pilot Batch wherein responsible for Designing, managing and overseeing efficient and effective systems and controls related to AML (which includes PEP and sanction screening), ensuring compliance with Anti-Money Laundering and related regulations always.
• Ensuring update of processes, policies and documentation considering new regulation, general Invesco projects and continuous improvement activities. Support projects to implement change.
• Oversee and support the identification, mitigation and management AML related risks; reporting and escalation of such risks as needed; mitigating AML improvements identified by internal and external auditors as well as compliance monitoring.
• Overseeing third parties handling outsourced AML activities for Invesco in APAC; implementing, managing and overseeing controls, policies & procedures and tests/ site visits to ensure adequate AML quality and adherence to Key Performance Indicators.
• Perform AML remediation exercises where necessary.
• Perform oversight of appointed distributors and intermediaries.
• Support and oversee completion of Business as usual (BAU) activities including ongoing transaction monitoring, management of Enhanced Due Diligence, High risk and PEP clients.
• Closely working with Compliance / MLROs across APAC on BAU and new AML requirements and assessing and communicating implications on and application to Invesco to staff and management.
• Ensuring delivery of appropriate AML related MI and reports to internal stakeholders, external authorities, Boards and Management as appropriate.
• Manage and support any internal audits, Compliance Monitoring and other reviews as required.
• Taking ownership of complex anti-money laundering matters and complex client cases, and providing advice and direction to the AML staff (where relevant), working with regional compliance and Distribution teams.
• Playing an active role as a senior leader within the APAC region, taking ownership for projects and business change, also wider than just AML related.
• Investigate and review complicated sanctions matters across various lines of business, and present the residual risks to senior decision makers, often under tight time frames.
• Deliver Sanctions trainings for new team members.
• Participate in special projects in support of the US Sanctions Compliance program.
• Sanctions screening and escalations arising from various aspects of the Firm's Global AML/Sanctions Program.
• Maintain thorough and accurate recordkeeping of all escalated matters.
• Develop and maintain strong collaborative working relationships with business counterparts and global compliance partners.
• Screening customer’s names and other parties against various lists.
• Engaging with State Street business units and providing updates and the necessary reports to KYC managers for use in reporting to Compliance and business oversight teams
• Preparing status reports to senior management
• Updating and maintenance of the team’s database
• Hands on experience on World Check, Lexis-Nexis, Prime compliance suite, Firco trust, negative searches and KYC platform.
Description:
• Understanding and managing settlement of swap cash flows associated with OTC products, including upfront fee, unwinds, quarterly premium and resets.
• Liaison between trading desk, reconciliation and control group, and counterparties to resolve any economic discrepancies on trades in timely, efficient manner.
• Ensure adherence to key processes and control requirements with a focus on complying with Citi risk and controls framework in a timely manner.
• Assist with daily, weekly and monthly reconciliations.
• Working with team leaders and Section Manager to ensure goals are met.
• Handle clients inquiries via telephone/email and other sources timely and appropriately within defined standards and deliver high quality service to internal and external customers
•To perform financial analysis with a view to find red flags / possible frauds.
•To perform trend analysis using forensic tools so as to identify red flags.
•Worked on a Project related to Banking Sector of a listed company.
•Worked on a Project related to E Commerce sector for finding Possible fraud initiated by an internal employee.
MBA (Finance & Marketing)
B.Com