Assistant Manager - AML Analyst
Industrial and Commercial Bank of China
Total years of experience :15 years, 4 Months
To assist in identification and mitigation of AML-related risk associated with clients, products, business and geography.
To assist and carry out Transaction Monitoring, Risk-assessment and Periodic Review of relationships.
To carry out local transaction monitoring for all clients through GAML system and make escalations to the Line Manger where required.
To perform validation of Dow Jones / CPL and Sanctions hits as and when required.
To perform analysis of Increased Risk/ PEP accounts and raise the analysis summary report to the Line Manager for onward advice to business.
To carry out and follow up on Top 100 Depositors due diligence exercise on semi-annual basis.
To assist various functions in formalizing local Client Exit Procedures.
To ensure effective implementation and monitoring of compliance with the CAAML policies and procedures in-Country.
To update and revise existing policies and procedures of Compliance and CAAML in line with revised guidelines issued from time to time.
Pro-actively maintain the Local Concerned Party List.
To perform Sanctions and SRO screening on all new and existing clients.
To carry out STR (Suspicious Transaction Reporting) investigations and report findings to the Line Manager.
To assist Line Manager in training of the respective staff relating to CAAML including Attendance record monitoring.
To maintain complete MIS/Documentation of all CAAML related items.
Maintaining a repository of relevant local information (e.g. publicly available info sources/Local regulations/SAR filings requirements/ Account Blocking Limitations/Account Freezing Legislation)
Correspondence & Meeting with Regulatory Authorities and Law Enforcement Agencies (LEAs) on AML related matters.
Ensuring timeliness and accuracy of responses. Putting in place & testing processes to ensure any violations are not repeated.
Keep abreast with the SBP directives, Bank policies and banking software in use of the bank
Update AML / KYC Policy and Compliance Manual of the bank as per management directives and SBP Regulations.
Review transactions in individual as well as business accounts and match with history of account through account statement of account holder.
Supervising the work of AML unit pertaining to monitoring of transaction at any MBL branch in the South Region in line with CDD/AML Manual, analysis of the transactions and raising queries with the branch concerned in case of unusual account activity.
Report unusual activities in accounts of other regions of the bank to respective regions for onward monitoring and analysis.
Ensure that Cash Transaction Report (CTR) is reviewed and submit within stipulated time period to Financial Monitoring Unit (FMU)
Coordination with the branches and aiding them resolving their queries pertaining to AML.
Review of documents pertaining to opening of Non resident PKR account including review of AML questionnaire submitted by home remittance department
Maintenance of records like investigations, SBP circulars, correspondence etc
Correspondence with FMU regarding reply of their queries pertaining to the Suspicious Transactions Report (STR).
Coordination/correspondent with foreign as well as domestic banks regarding remittances.
Correspondence and Response of AML/KYC Questionnaire of Correspondent Banks.
Coordinate with all external agencies like FBR/ANF/ FIA and respond to their queries.
Preparation of quarterly Compliance report for President & CEO.
Conducting training to MBL staff on AML/KYC reforms and banks policy.
To monitor that the activities carried out by the branches are in compliance with SBP regulations/guidelines and bank’s internal policies.
Keep abreast with the SBP directives, Bank policies and banking software in use of the bank
Any other job assigned by Compliance Manager & Head of Compliance.
To monitor that the activities carried out by the branches are in compliance with SBP regulations/guidelines and bank’s internal policies.
Due diligence of AML/KYC Policies of the bank.
Assess the appropriateness of the Bank's compliance procedures and guidelines, promptly follow up any identified deficiencies and, where necessary, formulate proposals for amendments in bank's policies, processes and procedures.
Conduct periodic compliance review of departments including Corporate, Consumer and CAD.
Ensure compliance of the observations identified by internal audit in the operational and procedural matters of branches as well as departments.
Check and follow up the compliance query of the branches.
Daily basis reports containing bank wide all transactions as per threshold of each branch.
Review High Value Transactions of PKR & FCY Currency on daily basis.
Spot Transactions in individual as well as business accounts and match with history of account through account statement of account holder.
Reporting of CTR’s & STR’s to Financial Monitoring Unit (FMU) on regular basis.
Maintain Branch wise record of investigation.
Correspondence with SBP / SECP and other Regulatory Authorities.
Keep abreast with the SBP directives, Bank policy and banking software in use of the bank.
Carry out other assignments given by Compliance Division.
Assist Head of Compliance in any other matter as and when assigned.
Posting & supervision of daily inward and outward clearing procedures with intercity and same day clearing as well.
Posting & supervision of funds transfer and remittances transactions of local as well as online transactions including foreign remittances.
Daily ATM balancing and identifying excess and shortage amounts and crediting respective customer accounts.
Preparing monthly reports of ITRS, Deposits, WHT Tax, Profit Payments and misc. branch operations reports for Head Office and SBP reporting.
Issuance and posting of Cheque Books to customers.
Account Opening in system and make proper arrangement of documents to send AOFs to HO for centralized account opening.
Also looking after the all branch administrative issues including IT and sever related issues.
Six months rotational training in all the departments and fields of banking.
Through learning and understanding about banking procedures, laws and prudential regulations governing the banking sector.
Through learning and understanding about Islamic Banking and Islamic modes of financings.
Through learning about Islamic modes of financing & investments like Murabaha, Mudarbah, Musharka, Musawama, Ijara, Wakalah and Tijarah.
Worked under Business Banking Unit (BBU) looking after SME liability products and financing.
Worked on services products to increase customer retention as well as attract new customers.
Learned about Account Opening procedures for SME clients and the importance of KYC (Know Your Customer) and CDD (Customer Due Diligence.)