AML Manager (PWM), Chinese Bank

Job Description

Your new role • Assist in ensuring that wealth management and private banking businesses comply with anti-money laundering (AML) and counter-terrorist financing (CTF) regulations set by the Hong Kong Monetary Authority (HKMA), and be responsible for related internal control matters within the department; • Review customer due diligence (CDD)/account opening files submitted by relationship managers (wealth management and private banking clients) to ensure compliance with Know Your Customer (KYC), AML, and CTF requirements; • Provide advice and suggestions on CDD-related questions raised by relationship managers; • Handle suspicious transaction monitoring investigations and alerts, and prepare suspicious transaction reports in accordance with regulatory requirements; • Manage alerts and cases generated by name screening and transaction screening systems; • Execute compliance monitoring related to AML; • Review clients' risk assessments and determine client risk ratings based on the latest Anti-Money Laundering Ordinance (AMLO), HKMA, Monetary Authority of Singapore (MAS) requirements, and internal procedures; • Follow up on AML-related control measures and report special situations when appropriate; • Maintain and implement departmental internal control standards in accordance with internal and external regulatory requirements; • Update or re-examine department-related policies (management rules/operating procedures) and communicate with relevant departments as necessary; • Complete other tasks assigned by supervisors. Show More