Background

The AML and Sanctions Manager is responsible for overseeing and enhancing the bank’s AML and Sanctions framework, including Anti–Money Laundering (AML), Counter-Terrorist Financing (CTF), and Sanctions. The role ensures the bank meets all regulatory obligations and operates effective systems and controls to prevent and detect financial crime.

Roles & Responsibilities

Principal Accountabilities

• Develop, implement, and maintain the bank’s AML and Sanctions policies, procedures, and risk assessment frameworks to ensure robust governance, regulatory compliance, and effective mitigation of financial crime risks.
• Lead the annual enterprise-wide AML/CTF and sanctions risk assessments, ensuring a comprehensive evaluation of inherent risks, control effectiveness, and overall financial crime risk exposure across the bank.
• Align policies, controls, and practices with FATF recommendations and internal standards to strengthen the bank’s financial crime prevention framework.
• Ensure key changes to financial crime-related laws, rules, and regulations are timely communicated and cascaded to the respective businesses/functions.
• Build and maintain an effective and constructive relationship with business and functional stakeholders based on trust, capability, and integrity, providing timely and quality financial crime-related advice to support the bank’s strategic objectives.
• Within the Enterprise Risk Management Framework, establish and maintain an appropriate risk-based compliance framework for identifying, assessing, managing, mitigating, and reporting financial crime risks across the bank.
• Design and monitor programs intended to detect, investigate, and report potentially suspicious transactions or violations of laws, regulations, policies, and procedures. Maintain an updated STR register.
• Oversee transaction monitoring alerts, conduct thorough investigations, and ensure timely completion and submission of Suspicious Activity/Transaction Reports (SARs/STRs) in line with regulatory and internal requirements.
• Review escalated cases to ensure required standards of quality, timeliness, and regulatory compliance, providing guidance for effective decision-making and risk mitigation.
• Oversee KYC onboarding, periodic reviews, and enhanced due diligence (EDD) for high-risk customers.
• Ensure strict adherence to beneficial ownership verification, PEP screening, and Customer Due Diligence (CDD) documentation standards to meet regulatory requirements and reduce financial crime risks.
• Oversee sanctions screening processes (customers, transactions, trade, payments).
• Review and approve sanctions escalations, offering expert guidance on sanctions-related risks to ensure regulatory compliance and minimize exposure.
• Ensure effective sanctions list updates, alert tuning, and internal restrictions.
• Track and advise relevant stakeholders on interpretation and application of regulatory expectations, laws, best practices, and financial crime policies.
• Participate in new product and service approval processes, ensuring appropriate financial crime controls.
• Act as the primary liaison for regulators, auditors, and law enforcement bodies.

• Develop, implement, and maintain the bank’s AML and Sanctions policies, procedures, and risk assessment frameworks to ensure robust governance, regulatory compliance, and effective mitigation of financial crime risks.
• Lead the annual enterprise-wide AML/CTF and sanctions risk assessments, ensuring a comprehensive evaluation of inherent risks, control effectiveness, and overall financial crime risk exposure across the bank.
• Align policies, controls, and practices with FATF recommendations and internal standards to strengthen the bank’s financial crime prevention framework.
• Ensure key changes to financial crime-related laws, rules, and regulations are timely communicated and cascaded to the respective businesses/functions.
• Build and maintain an effective and constructive relationship with business and functional stakeholders based on trust, capability, and integrity, providing timely and quality financial crime-related advice to support the bank’s strategic objectives.
• Within the Enterprise Risk Management Framework, establish and maintain an appropriate risk-based compliance framework for identifying, assessing, managing, mitigating, and reporting financial crime risks across the bank.
• Design and monitor programs intended to detect, investigate, and report potentially suspicious transactions or violations of laws, regulations, policies, and procedures. Maintain an updated STR register.
• Oversee transaction monitoring alerts, conduct thorough investigations, and ensure timely completion and submission of Suspicious Activity/Transaction Reports (SARs/STRs) in line with regulatory and internal requirements.
• Review escalated cases to ensure required standards of quality, timeliness, and regulatory compliance, providing guidance for effective decision-making and risk mitigation.
• Oversee KYC onboarding, periodic reviews, and enhanced due diligence (EDD) for high-risk customers.
• Ensure strict adherence to beneficial ownership verification, PEP screening, and Customer Due Diligence (CDD) documentation standards to meet regulatory requirements and reduce financial crime risks.
• Oversee sanctions screening processes (customers, transactions, trade, payments).
• Review and approve sanctions escalations, offering expert guidance on sanctions-related risks to ensure regulatory compliance and minimize exposure.
• Ensure effective sanctions list updates, alert tuning, and internal restrictions.
• Track and advise relevant stakeholders on interpretation and application of regulatory expectations, laws, best practices, and financial crime policies.
• Participate in new product and service approval processes, ensuring appropriate financial crime controls.
• Act as the primary liaison for regulators, auditors, and law enforcement bodies.