Senior Associate, Compliance

Summary of position 

The role of Senior Associate, Compliance is to assist Head of Compliance to implement and monitor Compliance program for both regulatory and AML-CFT compliance throughout the bank wide.

What you will do

Regulatory Compliance

•  Assist in developing and administrating the regulatory compliance program in all areas relevant to the banking industry.
• Advise on relevant regulatory requirements to respective business and support departments.
• Perform regulatory compliance assessment for new products, services and activities from business and support functions.
• Assist in monitoring, testing and evaluating of the regulatory compliance program to ensure effectiveness and permanent compliance. 
• Obtain and understand new regulatory issuances from relevant authorities, validate their applicability to different units, and ensure timely dissemination to the concerned.
• Perform gap analysis on all applicable regulatory issuances, define actions to be taken and timeline for compliance.
• Coordinate with business units in the preparation of accurate and timely submission of all regulatory reports.
• Review and advise on all CMCB’s frameworks, policies and procedures to ensure that all regulatory requirements are incorporated.
• Perform review of compliance testing conducted in assessing business units’ compliance to regulatory and internal policies and procedures.
• Maintain compliance awareness by conducting periodic training to all respective employees on related regulatory requirements.

AML-CFT Compliance

• Ensure the effectiveness of corporate AML-CFT compliance program in-line with AML-CFT Law and regulations throughout the bank.
• Review and keep abreast of any new/updated regulatory requirements, initiatives rolled out by CAFIU and law enforcement body relating to AML-CFT Compliance, carry out gap analysis and ensure timely implementation.
•  Maintain staff awareness by providing trainings to business and operations team on AML-CFT compliance and other specific compliance training upon demand.
• Ensure that AML/CFT compliance is integrated into the day-to-day operational procedures through contribution to continuous improvement of AML/CFT mitigation controls;
• Lead, manage and coordinate AML-CFT initiative projects and/or ad-hoc project where required.
• Ensure FATCA Compliance from procedure designed, implementation, and reporting are done in properly and timely manner.
• Conduct AML/CFT risk assessment for the bank, and facilitate senior management and business functions to manage AML/CFT risk.
• Work as consultative manner to provide recommendations on AML-CFT policy deviations/exceptions, new product/project assessments, retention of politically exposed persons and high-risk customers;
• Report on cash transaction reports (CTR), review suspicious transaction reports (STR), as well as prepare other relevant regulatory reports by submitting to Appointed Compliance Officer about decision making and filling the reports to the regulators as appropriate and on timely manner.
•  Conduct compliance testing and recommend remedial actions to be taken to rectify the matter in an efficient and practical manner.
• Contribute to driving compliance culture within the bank and lead by example and demonstrate compliance standard and attitudes.
• Prepare, review ongoing reports on progress of AML/CFT compliance program and matters to Head of Compliance.

What you should have

• Bachelor’s degree in Law/Banking/Finance, CAT, ACCA,
• Master’s degree is a plus
• At least 4 years Compliance Experience or Internal Audit Experience in Banks or Financial Institution Experience in banking industry
• Banking Regulations
• Understand operational process
• Understand banking products and services
• Compliance Testing
• AML-CFT risk assessment.

​​​​​​​How to apply:

Email: soklim.thet@chipmongbank.com
Telegram: 069 785 774