Regulatory Compliance Expert
6 days ago
Overview:
WOORI BANK is seeking a highly skilled Regulatory Compliance Expert to join our team. This role plays a critical part in ensuring the bank's compliance with Anti-Money Laundering (AML) and Countering the Financing of Terrorism (CFT) regulations.
About the Role:
This Compliance Specialist position requires a deep understanding of AML/CFT regulations and industry best practices. As a key member of our compliance team, you will be responsible for supporting the institution's efforts to detect and prevent financial crimes.
Responsibilities:
- Conduct Customer Due Diligence (CDD)/Know Your Employee (KYE) reviews to ensure accurate and complete customer information
- Collaborate with front and back offices on FATCA/CRS and AML/KYC documentary requirements
- Provide advisory support on financial crime compliance matters
- Analyse transaction monitoring and name list screening alerts to identify suspicious activities
- Investigate unusual transactions and prepare reports for submission to the Global Financial Crime Compliance team
- Support training sessions on AML/CFT, sanctions, CDD, and related topics
- Collaborate with front-line teams to ensure adherence to AML/KYC requirements and provide guidance on regulatory expectations
- Assist in developing, updating, and implementing AML/CFT policies and procedures
- Maintain comprehensive records of AML/CFT activities
Requirements:
- Bachelor's degree in Finance, Business, Computer Science, or a related field
- At least 2 years of experience in AML/CFT within a financial institution
- Familiarity with MAS regulations and industry best practices
- Proficient in Microsoft Word and Excel
- Proficiency in using FAML software and tools for transaction monitoring and transaction screening
Additional Information:
- Paid salary: $5,500 - $7,000 per month (dependent on qualifications and experience)
- Permanent employment with a 5-day work week
- A long-term commitment to the field of compliance is expected
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