AML Investigations Officer - Government And Institutional Banking Job Details
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Show me jobs like this one| Employer: | Hongkong and Shanghai Banking Corporation | Job Ref No: | 000021KQ | Job Title: | AML Investigations Officer - Government and Institutional Banking | Sector: | Asset Management | Sub Sector: | Other | Risk Type: | Other | Expertise: | Regulatory/Compliance | Impact on the Business • Performs name and account based research on lists and reports provided through established resources to determine if evidence of money laundering activities exist • Evaluates transactions and customer relationships for money laundering activities, identifies red flag issues and escalates within the AML framework for further investigation • Maintains familiarity with appropriate investigation techniques to support AML activities, including research utilizing bank systems, intranet, internet and external vendor solutions as appropriate • Will effectively communicate within the AML Compliance organization and across other areas in HNAH, effectively conveying key information to both internal and external audiences as appropriate • Provide additional support with the AML compliance organization on more complex issues, including research techniques and capabilities, as well other solutions as appropriate • To discharge the (Compliance Officer) accountabilities set out in the Compliance Officer Handbook by pro-actively assisting management in identifying and containing compliance risk, monitoring, reporting and certification, fostering a compliance culture and optimizing relations with regulators Customers / Stakeholders • The role will maintain relationships with internal stakeholders in the AML Compliance Office and other areas to help ensure research technique and capabilities perform at high levels • The role will maintain external awareness of research trends, information, and techniques related to money laundering are communicated to appropriate levels of the AML Compliance organization Leadership & Teamwork • Provide support and expertise to the AML Compliance organization on research techniques, capabilities and systems • Effectively communicates within AML Compliance re-enforcing knowledge on key information, policies and procedures is understood with all constituents both internal and external • Maintain awareness of AML/BSA trends and other related industry practices helping ensure external knowledge and focus is not lost Operational Effectiveness & Control • Monitor activities within the AML Compliance Office to ensure compliance with applicable internal policies and procedures and external regulations • Escalates complex or significant issues to more senior compliance employees • Participate in special AML Compliance reviews, projects and training efforts, as required • Complete other related duties as assigned and support the Company’s Diversity programs • To discharge the accountabilities set out in the Legal and Compliance FIM by pro-actively assisting management in identifying and containing compliance risk, monitoring, reporting and certification, fostering a compliance culture and optimizing relations with regulators Major Challenges • Financial services compliance entails a high degree of regulatory compliance and reputational risk, particularly with respect to risks arising out of non-compliance with extensive and complex regulations. Failure to comply with these regulations would have significant negative effects on relations with regulators, the reputation of the Company with the public and may result in regulatory impediments to mergers and acquisitions and significant regulatory sanctions, including regulatory fines of material amounts Role Context • This role reports directly to the AML Investigations Team Leader. The position directly supports activities in the AML Compliance Office. Specifically this role is involved in reviewing systematic Anti-Money-Laundering (AML) alerts and determines if transactions occurring are valid Anti-Money Laundering risks. Performs encompassing research taking into account various AML risk factors and indicators to determine if a Suspicious Activity Report (SAR) requires completion. If a SAR is not required the officer should rationalize why the transaction is not an AML risk. In less complicated transactions the Officer maybe responsible for filing a SAR report • Should complete enhanced due diligence reviews on high-risk customers and Special Category of Clients (SCC) accounts • Coordinates internal processes for the revision, review, approval, and publication of policies applicable to the business unit as well as internal departmental procedures to support functions that are the responsibility of Compliance. Establishes process for the distribution of Compliance related communications from the department. Partners with management to create and deliver internal training and manage special projects within the department Management of Risk • Ensure compliance, operational risk controls in accordance with HSBC or regulatory standards and policies; and optimize relations with regulators by addressing any issues • Promote an environment that supports diversity and reflects the HSBC brand Observation of Internal Controls • Maintains HSBC internal control standards, including timely implementation of internal and external audit points together with any issues raised by external regulators • Bachelor’s degree in business, finance, accounting, related field or equivalent experience • Strong interpersonal, organizational, communications, analytical and project management skills • Thorough knowledge of products, services, operations and systems and extensive dealing with laws, regulations and regulatory agencies related to assigned areas • Proficiency with personal computers and pertinent mainframe systems and software packages | Employment Type: | Full Time | Region/Country: | Americas, United States | City: | New York | Address: | Post Date: | 11/16/2012 |
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