AVP, Business Compliance (Strong AML background is required)

JOB SUMMARY

The job holder will play a crucial role on all KYC matters relating to WBG including AML risk assessments.  The role is responsible for managing the end-to-end processing and control of customer due diligence reviews (periodic and triggering event reviews) according to internal regulatory policies and guidelines. The job holder is required to work closely with RMs and Compliance to ensure assessments adhere to bank standard and provide advisory support to RMs.

The job holder also actively participates in projects relating to KYC components to safeguard WBG’s interest.

What you will be doing:

Compliance Management

• Conduct thorough customer due diligence reviews on FI-Banks and Corporate customers in accordance with regulatory and internal policies.

• Act as a CDD checker on periodic / trigger event reviews

• Lead, manage, and provide guidance and oversight to junior team members, ensuring quality and timely delivery of work.

• Specific to Correspondent Banking relationships, oversee timely completion of transaction review for vostro accounts, reverse KYC requests for Nostro account opening etc.

• Track and manage for appropriate sign-off of reviews by RMs and Team Heads, and as relevant Compliance and Head of WBG

• Provide reasonable assurance of compliance with applicable regulatory and internal/ Group requirements, policies and procedures

• Provide advisory support on regulatory and operational issues and process in relation to KYC/ AML matters

• Conduct compliance awareness/ reporting/ self-assessment/ training programs and drive communication regarding regulatory updates and risk procedures.

• Support the WBG DCO framework by ensuring accurate AML risk profiling, CDD clearance, and timely resolution of alerts and requests.

• Prepare quality AML risk reports and management information for internal and regulatory stakeholders

• Respond promptly to independent reviews, audits, and remediation actions.

Project Management

• Drive or contribute to the implementation and execution of group & local project and system or process enhancement for WBG

• Assist senior management on developing and implementing the strategic plan for WBG, aligning with the bank’s overall objectives.

• Identify and lead necessary improvement in risk control and operational efficiency

What we are looking for:

• University degree in Business, Finance, Accounting or other relevant disciplines

• Compliance related certifications

• Minimum 7 years’ relevant experience in Corporate Banking/ Compliance

• Strong understanding of corporate banking products and services, as well as regulatory requirements

• Solid CDD knowledge from Corporate / Commercial Banking

• Knowledge of FI KYC and vostro/nostro account processes is a plus

• Proficient in MS Office applications

• Professional presentation and report writing skills

• Well versed with banking and regulatory requirements

• Proven analytical and problem-solving skills, with the ability to interpret complex data and make informed decisions

• Excellent communication and interpersonal skills, with the ability to build relationships at all levels of the organization.

• Demonstrated integrity, independence, and a strong compliance mindset