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, AML Trade and Business Advisory

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. It 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, and 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 business units are aligned 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 align 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 striking a balance between business needs and ethical obligations.
• Communicate clearly and persuasively with various stakeholders, including internal teams, senior management, and regulatory authorities, to ensure effective collaboration and informed decision-making.
• 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:

• A Master's or Bachelor’s degree from a reputable university with a solid academic record.
• A minimum of 10 years of experience, including at least 5 years in Compliance, Internal Audit, or Trade & Remittance Operations within the banking industry.
• Professional certification, such as CAMS, CGSS, or CDCS, is preferred.
• A positive attitude, along with strong leadership, teamwork, and decision-making skills.
• Highly motivated, customer-centric, a team player, and able to meet deadlines.

BRAC Bank is a values-driven organization committed to protecting all its stakeholders, including coworkers and the communities in which we operate, from harassment, abuse, neglect, exploitation, and discrimination. As an equal opportunity employer, BRAC Bank welcomes applications from all individuals, regardless of gender identity or expression, as well as persons living with disabilities. We consider personal persuasion to be a disqualification for candidacy.

If you are ready to take on this challenge, please 'Apply Online.'

Only shortlisted candidates will be contacted for the next stage of the recruitment process. BRAC Bank reserves the right to accept or reject any application without providing a reason.

Please note that BRAC Bank does not charge any fees at any stage of the recruitment process.