BRAC Bank is one of the most sustainable banks in Bangladesh. Established with a view to financial inclusion, BRAC Bank is the pioneer of SME Banking in Bangladesh, delivering a full array of banking services to individuals and business entities. Its strong financials, along with the best credit rating from the top global and local rating agencies and numerous recognitions, speak of the bank's aspiration towards becoming the best bank in the country.

BRAC Bank is currently looking for an ambitious, intelligent, goal-oriented, enthusiastic individual for the following position in its Anti Money Laundering Division:

Head of AML Assurance, Governance & Training

KEY RESPONSIBILITIES:

• Work proactively with the senior management and relevant stakeholders to establish strategy, policy programme, control framework, and governance structure that aligns with business objectives, and current and anticipated regulatory expectations, and manage the associated risks of the bank related to AML & CFT issues;
• Monitor, review, and coordinate the application and enforcement of the Anti-Money Laundering Compliance Policy. It includes AML risk assessment, global sanctions compliance; and practices, procedures, and controls for account opening, KYC/CDD procedures and ongoing account/transaction monitoring for detecting suspicious transactions/account activity, and devise/update a written AML training plan, deploying controls against ML/TF;
• Design and own the target operating model of the Anti-Money Laundering Division (AMLD);
• Monitor changes of laws/regulations and directives of the Bangladesh Financial Intelligence Unit (BFIU) that may require revisions to the policy and make these revisions;
• Respond to AML/CFT, sanctions related questions and concerns of the staff, advise regions/branches/units and assist in providing solutions to potential issues involving money laundering risk;
• Ensure that the bank’s AML/CFT policies and relevant processes are complete and up-to-date; maintain ongoing awareness of new and changing business activities and products; identify potential AML/CFT and sanctions compliance issues that should be considered by the bank;
• Actively develop the AML/CFT and sanctions compliance knowledge of all staff, especially the AML personnel; develop and conduct training courses in the bank/institution to raise the level of awareness of AML compliance in the bank;
• Develop and maintain ongoing relationships with regulatory authorities, external and internal auditors, Regional/ Branch/Unit Heads, and AML resources to assist in the early identification of AML/CFT issues;
• Assist in the review of control procedures in the bank/institution to ensure AML/CFT compliance and in the development of adequate testing procedures to prevent and detect AML/CFT compliance lapses;
• To monitor self-testing for AML compliance and any corrective action of businesses;
• Support AMLD and its team members;
• Establish a process to ensure AML review throughout the bank;
• Conduct investigation on ML, TF, and sanctions issues assigned by the senior management;
• Submit half-yearly report on AML & CFT to senior management, Board, and BFIU as per regulatory/ internal requirement;
• Establish and maintain the bank’s AML/CFT compliance training programmes;
• Formulate AML/CFT related training materials and conduct training sessions for the bank staffers as per the training schedule or ad hoc basis;
• Develop communication strategies and plans that deliver timely and relevant messages to the right stakeholders.

PRIMARY FUNCTIONAL RESPONSIBILITIES

• Circulate and follow up with the branches from time to time to collect self-assessment reports;
• Review the reports that include cross verification of the numerical data provided by the branches with our internal MIS, check the quality and verify the responses provided in the reports, etc.;
• Visit branches if risk issues are identified in any of the reports;
• Provide feedback to branches and ensure the rectification of the reports;
• Prepare a summary report for a half-yearly report which is to be forwarded to BFIU;
• Review quarterly meeting minutes;
• Provide feedback to branches to ensure the rectification of the reports;
• Assurance review of branch/Agent Banking booth and business ops;
• Visit branches/Agent banking booths and different departments to ensure compliance of internal and external circulars and guidelines;
• Ensure the regularization of the issues identified at the time of conducting the visit by following up from time to time;
• Prepare report of the visits for internal stakeholders and BFIU in the form of a half-yearly report.

 KEY QUALIFICATIONS

• MBA/ Master’s Degree in Business (Finance, Accounting & Banking) would be preferable from a UGC-granted university or an internationally accredited university;
• Minimum 12 years experience in banking sector, with preferably 7 years in the relevant field;
• Proven track record as a compliance professional with 9+ years of relevant experience; work experience with a regulator is an added advantage;
• Be well-versed on the banking act, securities and futures act, financial advisers act, trust companies act, and personal data protection act and various subsidiary regulations;
• Good judgment enables the provision of sound advice in the complex areas of regulation and practice and the proactive management of compliance and regulatory risk;
• Must possess strong analytical qualities, excellent interpersonal skills, and multi-cultural awareness and sensitivity;
• Ability to manage and give leadership to business and functional stakeholders;
• Sound judgment on business practices, regulatory relationship management, and reputational risk;
• Personal authority and integrity with proven ability to establish relationships and exert influence at the most senior levels of the Country and with regulators and other external stakeholders;
• Be able to operate independently, and demonstrate robustness in ethics and resilience;
• Proficient in customer centricity, self-propelled, ability to lead a dynamic team, and keen to develop others.

BRAC Bank is a values-driven organization and believes in protecting all its stakeholders, including the employees and the community we work with, from all forms of harassment, abuse, neglect, exploitation, and discrimination. As an equal opportunity employer, BRAC Bank encourages applications from any gender-diverse individuals and person with disability. We consider personal persuasion as disqualification of candidature

If you are interested in taking up the challenge, please 'Apply Now'. 

Only short-listed candidates will be communicated for the next stage as per the recruitment process. BRAC Bank reserves the right to accept or reject any application without assigning any reason whatsoever.

BRAC Bank does not charge any fee at any stage of the recruitment process.

Application Deadline: July 31, 2022