Manager, Anti-Money Laundering (AML)

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Job Description:

Please enter the external job description here (remove this line)

Job description (heading) / Description du poste (titre)

• Serves as subject-matter-expert (SME) with respect to AML/CTF and Sanctions requirements relating to investment and trust business operations.

• Support the Head of AML/CTF and Sanctions Cluster and/or BUCO-MLRO in the following deliverables:

• Development, localization, refresh and implementation of relevant compliance operating guidelines, procedures and/or systems including those that are applicable to investment and trust business requirements.
• Development of appropriate AML-CTF and Sanctions management information system, metric and data-driven reporting mechanism to enable effective review, analysis and identification of trends, systemic issues and emerging risks applicable across all Sun Life Philippine Group including SLIMTC.
• Dealing with local regulators including regulatory enquiries, audits or inspections.
• Review and analysis of various alerts or escalations pertaining to name screening and transaction monitoring including performance of alert closure quality checks and covered transaction completeness review and annual mapping relating to investment and trust business.
• Review of relevant processes and controls, including updating of relevant operating guidelines, procedures or manual.
• Conduct of AML/CTF and Sanctions risk assessment on investment operations and ensure actions are formulated and delivered to address identified gaps arising from the risk assessment exercise. Ensures compliance issues are entered into the issue management system for monitoring and tracking.

• Conduct gap analysis of new and/or amended AML/CTF and Sanctions regulations and drive the remediation of any identified gaps particularly pertaining to investment and trust business operations.
• Timely escalate incidents of non-compliance to the Head of AML-CTF and Sanctions Cluster and/or BUCO-MLRO and where required, to the Philippines Leadership Team.
• Lead the development of local AML/CTF and Sanctions related training programs, and facilitate the delivery of compliance training to business unit employees and compliance staff, in coordination with the Compliance Training Centre of Excellence unit.
• Perform other tasks, projects or initiatives as may be required by the Head of AML/CTF and Sanctions Cluster and/or BUCO-MLRO.

Preferred skills (heading) / Compétences particulières (titre)

• Knowledge and experience on AML/CTF and Sanctions related laws and regulations, particularly on the relevant Implementing Rules and Regulations or other guidelines issued by Bangko Sentral ng Pilipinas (BSP), Anti-Money Laundering Council (AMLC), Insurance Commission (IC), and Securities and Exchange Commission (SEC).
• Expertise in AML/CTF and Sanctions Compliance operating model design and implementation
• Expertise in handling regulatory requirements and financial crimes prevention, analysis, and reporting
• Ability to effectively foster and manage relationships across the organization to deliver against objectives.
• Demonstrated ability to make sound recommendations to senior leaders and influence business decisions based on thorough analysis, business knowledge and risk consulting expertise.

Qualifications (heading) / Compétences (titre)

• The candidate should have the following:

• a 4-year university degree;
• at least 3-5 years compliance, risk or audit experience, with a focus on AML/CTF and Sanctions is required.

• Experience in implementation of AML systems at life insurance, mutual funds, banks or financial services industry is an advantage. Professional certification in AML compliance, such as CAMS (Certified Anti-Money Laundering Specialist), is also a plus

• Confident verbal and written communication skills, experience presenting sensitive matters to senior management and should be able to deal with staff from various levels in the organization.
• Ability to distill complex requirements without oversimplifying or missing critical components.

Responsibilities (heading) / Responsabilités (titre)

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Job Category:

Compliance

Posting End Date:

29/11/2024