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Purpose of Position - Overall responsibility for managing country AML risk through oversight of firm's AML/CFT Program - Provide local country advisory for AML and local Sanctions programs Generic Responsibilities Assist MLRO with AML advisory BAU, Name Screening Dispositions, Suspicious Transactions monitoring and other related work as per MLRO's list of responsibility:
Manage PBOC & CSRC requests survey/assessment;
Produce, review and act on any AML related management information as part of the firm's global/regional MIS reporting framework;
Other ad-hoc duty assigned by the MLRO and China GFCC Head for assisting Global/Regional/China franchise initiatives by providing consultation advices only, includes but not limited to,
- Oversee the development of the firm's recordation of local GFCC policies and standards and through governance, ensure formal and appropriate review and approval is completed; - Provide clarification, guidance and risk based solutions to the business on global and local policy interpretation; - Act as point of contact with local regulators and law enforcement authorities for AML/CFT related matters in fulfilment of all AML/CFT regulatory requirements; - Review local Lines of Business (LOB) procedures (CDD, Name Screening, Wire Transfers, Transaction Monitoring, Investigations, Regulatory reporting, Employee Screening, Record Keeping) and ensure these procedures are in line with local AML policy; - AML/CFT Prevention through identification and ongoing analysis of risk associated with new products, services, processes, clients and geographies; - Oversee New Business Initiatives, Products and Services; - Oversee identification, risk determination and on-boarding/ongoing due diligence of high risk clients; - Produce, review and act on any AML related management information as part of the firm's global/regional MIS reporting framework; - Primary oversight on AML monitoring of customers and customer transactions; - Subject to local laws and regulations, work with location Compliance in the investigation of suspicious activity, and resultant reporting obligations; - Partner with the LOBs and location Compliance Officers to ensure they understand the AML obligations for the business/location they support; - Assist senior management to enhance and strengthen an AML compliance culture; - Assist in the development, coordination and implementation of AML training and testing programs for the business; - Deliver and track progress of both team and in-country AML training and testing programs to closure; - Manage jointly with the LOBs any internal/external audits & reviews on the local AML Compliance program; - Develop and maintain appropriate reporting channels and mechanisms to ensure Senior Compliance management are made aware of and appropriately consulted in a timely fashion on significant issues or developments related to the execution of in-country MLRO / AMLO duties, and updated on a periodic basis to the status and effectiveness of in-country AML program; - Participate in the local management committee meetings and maintain all the AML-related information/documents that are tabled and/or submitted to the committees; - Review new business initiatives, products and services and address any emerging AML risks; - Partner with local management committee and respective LOBs to conduct Risk Assessments as required; and - Provide country LOB senior management with regular updates on key issues and emerging risks. Experience - Law / Accounting / Business / Finance Degree - Minimum 3 years of compliance experience preferably with a global financial institution - Familiar with country AML/CFT requirements - Experience in regulatory investigations, exam and audit management - Meet the 'Fit and Proper' criteria relating to (a) probity, personal integrity and reputation; or (b) competency and capability Competencies - Meticulous; - A solution driven approach, with exemplary problem solving skills; - Excellent communication and organizational skills; - Strong analytical ability and logical thinking; - Ability to work under pressure; and - Sound knowledge of local laws and regulations.