Job Description
Bank of China, the fourth-largest bank in the world, with its presence in Sri Lanka for over 6 years, is currently seeking a dynamic and enthusiastic individual to join their team as;
Manager/Senior Manager - Compliance
Reporting to the Chief Compliance Officer (CCO), the selected candidate will be responsible for the AML/TF, Sanction Compliance Programme and overall Compliance functions of the Bank of China Limited, Colombo Branch (BOCL).
JOB PROFILE
- Develop/review all applicable policies, products and conduct of Institutional Risk Assessments (IRA) in compliance with the applicable legal and regulatory requirements (local, international and internal)
- Ensure timely closure of Transaction Alerts and Sanction Monitoring Alerts, conducting of Customer Due Diligence/Special Due Diligence/Enhanced Due Diligence, case investigations and timely submission of Suspicious Transaction Reports to the FIU
- Coordinate reviews on Correspondent Banking/Nostro/Vostro relationships with local/international banks and update/review of Wolfburg Questionnaires submitted by banks
- Ensure that all reporting, both local and/or Head Office, conducted by the BOCL are complied with the regulatory and internal requirements
- Conduct periodical quality evaluations/reviews on CDD/SDD/EDDS performed by business units, Transaction and Sanction Alert closures
- Maintain strong ties among Bank's Departments, Regulators, Head Office, and Local Compliance Fraternities
- Close monitoring of all KPIs and performance targets within the Department and taking immediate action to cover any gaps observed
- Provide advisory support to Business and other units in addressing complicated issues related to compliance, by consulting with Regulators and Head Office as needed
CANDIDATE PROFILE
- Bachelor Degree preferably related to Banking and Finance
- Minimum 7 years banking experience, out of which 4 years (existing) in a Compliance Department of a Licensed Commercial Bank
- Knowledge on Go AML and FIU related regulations
- Completion of DABF (Diploma in Banking and Finance) or any other Compliance related professional qualification (ACAMS, ICA) and IT literacy would be an added advantage
- Effective Communication and strong Report Writing skills
- Proven ability to work independently and collaboratively in a fast paced environment, managing multiple priorities with attention to detail
A remuneration package on par with industry standards will be offered to the right candidate.
Please forward your complete resume in PDF format with contact details of two non-related referees to [email protected] within 14 days of this advertisement quoting MSL Reference No. 7988 in the subject column.
