BRAC Bank, a leading sustainable bank in Bangladesh, is committed to becoming the best bank in the country. It has pioneered SME Banking in Bangladesh and offers a comprehensive range of banking services to individuals and business entities. BRAC Bank stands out as a beacon of financial inclusion with solid financials, top credit ratings, and numerous accolades.
The bank is currently looking for an ambitious, intelligent, goal-oriented and enthusiastic individual for the following position in its AML Division:
Senior Manager/ Manager, AML Trade and Business Advisory
Grade: SPO/AVP
Employment Type: Full-time
Job Location: Dhaka
KEY RESPONSIBILITIES:
Providing proactive advisory services to the business and operations teams on AML/CFT compliance, financial crime risks, and the development of new products or services to ensure alignment with local and international regulatory standards.
Ability to design, implement, and improve AML and CFT processes, controls, and administrative procedures. This includes coordinating procedures for record retention, transaction monitoring, and MIS maintenance to ensure efficiency and compliance. Ability to identify inefficiencies in current AML processes and design or propose improvements to streamline and enhance compliance effectiveness.
Ability to assess and review trade-related customer due diligence (CDD), enhanced due diligence (EDD), PEP/ IP and other high-risk transaction monitoring for trade, remittance, and Correspondent Banking Operations.
The role requires identifying, escalating, and mitigating risks related to trade-based money laundering (TBML).
Assemble, analyze, and report data on AML compliance, financial crime risks, and transaction monitoring, providing valuable insights to senior management for decision-making and regulatory reporting and administering policies related to record retention and MIS maintenance, ensuring compliance with internal policies.
Reviews new and existing products, services & solutions, recommending solutions to address risks and ensuring product governance measures reflect regulatory requirements.
Developing and delivering AML/CFT training materials, including for specialized topics such as TBML, to internal stakeholders across different business and operational functions.
Building and maintaining effective relationships with business units, operations teams, and external stakeholders (including regulators) to facilitate AML/CFT compliance. This includes ensuring alignment of business units with regulatory obligations and best practices.
BEHAVIORAL COMPETENCY:
Handle difficult or sensitive situations effectively, particularly when addressing compliance concerns with internal or external stakeholders.
Stay up to date with regulatory requirements and ensure the bank’s policies and practices remain in line with local and international standards. Keeping up with evolving AML/CFT regulations, financial crime trends, and new risk management techniques.
Make decisions that prioritize ethical considerations and ensure full regulatory compliance, while balancing business needs.
Communicate clearly and persuasively with various stakeholders, including internal teams, senior management, and regulatory authorities.
Advocating for necessary changes or decisions to support regulatory compliance and business objectives.
Adapt quickly to regulatory changes, evolving business needs, and unforeseen challenges while maintaining compliance. Willingness to learn and stay updated on emerging AML/CFT trends, regulations, and technologies.
Taking proactive steps to identify and address AML/CFT and TBML risks before they become critical issues and driving continuous improvements in compliance processes.
Prioritize, manage multiple projects, and meet deadlines in a fast-paced environment.
KEY QUALIFICATIONS:
Masters/ bachelor’s degree from a reputed university with a satisfactory academic track record.
Minimum 10 years of experience with a minimum of 5 years in Compliance, Internal Audit function, Trade & Remittance Operations in the banking industry.
Professional certification e.g. CAMS, CGSS, CDCS is preferred.
Positive attitude with leadership, teamwork and decision-making capabilities.
Self-propelled, proficient in customer-centricity, team player, and capability to meet deadlines.
BRAC Bank is a values-driven organization that protects all its stakeholders, including the coworkers and the community we work in, from harassment, abuse, neglect, exploitation, and discrimination. As an equal opportunity enabler, BRAC Bank encourages applications from any gender-diverse individuals and persons living with a disability. We consider personal persuasion to be a disqualification of candidature.
If you want to take up the challenge, please 'Apply Online'.
Only shortlisted candidates will be contacted for the next stage as part of the recruitment process. BRAC Bank reserves the right to accept or reject any application without providing a reason, whatsoever.
BRAC Bank does not charge any fees at any stage of the recruitment process.
