JOB SUMMARY
The Senior Compliance Analyst position focuses ensuring the company’s compliance with Bank Secrecy Act (“BSA”) / Anti-Money Laundering Program (“AML”) and related regulations, this includes supervising the team’s day to day duties including but not limited to acknowledgement, approval up to execution (if applicable) of potential SAR, block and unblocking of customer from the list, hold and release of transactions and coordination with selling agent and LRC in relation to Enhance Due Diligence request from payer.
ESSENTIAL DUTIES:
The duties listed below may not include all responsibilities that the person in this role may be asked to perform. Incumbent may be required to perform other related duties as assigned.
Daily approval and release of the hold transactions due to aggregation based on the review and recommendation of the BSA Analyst.
Ensures transaction monitoring review and recommendation for daily, monthly, quarterly and yearly aggregation report, OFAC, Blacklist and PEP.
Responsible for reviewing and releasing hold transactions in relation to potential matches, false positive from OFAC, PEP and Blocklist based on the required documentations (IDs/proof of income etc.) obtained from the selling agent, LRC, remitter, or beneficiary.
Ensures the confidentiality and proper safekeeping of any data obtained by the BSA Analyst from selling agent, LRC, sender or beneficiary involving various transactions of Php 150,000.00 ($ 3,000.00) and over and other transactions being investigated under BSA/AML reviews for various time period.
Daily monitoring of list of such LRC/Selling Agent transactions needing IDs and evidence of source of funds being prepared and transmitted by the BSA Analyst to other staff responsible for respective LRCs/Selling Agent.
Review and provide recommendations to seek approval from the UFI Compliance Officer for the transactions subject for blacklisting involving STR, cancellation, BSA non-compliance and positive OFAC match.
Review and provide recommendations to seek approval from UFI Compliance Officer as well the submission to head office for the reports prepared by the BSA Analyst pertaining to aggregated transactions within 30,60 and 90 days.
Prepares monthly validation report of the released transactions, blacklisted due to STR, cancelled transaction, BSA non-compliance and positive OFAC match as well as the seeking of approval from UFI Compliance Officer / Manager.
Prepares, review and provide recommendations of potential STR to AML Committee.
Review and provides recommendation to UFI Compliance Officer of High-Risk Customer subject for EDD.
Maintain regular contact with stakeholders including but not limited to selling agent, LRC, remitter, beneficiary, SUT and UFI compliance unit, UFI CSA, payer etc.
Handles preparation and implementation of the schedule of the team subject for recommendation of UFI Compliance Unit and approval from Country Director.
Assist UFI Compliance Officer to further review complex transaction concern.
Assist UFI Compliance Officer in monitoring the status of the documents submitted by the tie-up partners for due diligence review (annual/on-boarding)
Assist UFI Compliance Officer / Manager in its day-to-day tasks.
Conduct required trainings to new and existing R&F employees.
Management reserves the right to change this position description at any time according to business needs
QUALIFICATIONS:
These specifications are general guidelines based on the minimum experience normally considered essential to the satisfactory performance of this position. The requirements listed below are representative of the knowledge, skill and/or ability required to perform the position in a satisfactory manner. Individual abilities may result in some deviation from these guidelines.
- At least Bachelor’s Degree Graduate
- Strong knowledge in MS Office, Word, PowerPoint and Excel.
- Strong communication skills, written and verbal
- Ability to meet all assigned deadlines and
- Ability to work independently and with others
- 6 months to 1 year experience in BPO Industry
Job Type: Full-time
Salary: Up to Php35,000.00 per month
Benefits:
- Flexible schedule
- Flextime
Schedule:
- Flextime
- Shift system
Supplemental pay types:
- 13th month salary
- Performance bonus
Ability to commute/relocate:
- Taguig City: Reliably commute or planning to relocate before starting work (Required)
Expected Start Date: 07/31/2023
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