CLIENT BACKGROUND
Our client is a leading bank in APAC, providing a wide range of products and services to institutional clients. We are seeking an experienced AML (Anti-Money Laundering) Associate with a focus on sanctions compliance to join our team in Hong Kong. In this role, you will be responsible for assisting the AML Director in overseeing and enhancing the bank's sanctions advisory and projects.
JOB RESPONSIBILITY
- Assist in the development, implementation, and maintenance of the bank's sanctions compliance program, including policies, procedures, and controls
- Monitor sanctions lists and regulations to identify changes and ensure the bank's systems and processes are up-to-date
- Conduct due diligence on new and existing clients to screen for sanctions risks
- Investigate potential sanctions violations and coordinate with relevant stakeholders on remediation activities
- Provide regular reporting and analytics on the bank's sanctions compliance posture
- Deliver training to business units on sanctions compliance requirements and best practices
- Collaborate with internal teams (e.g., operations, legal, risk) to ensure a consistent approach to sanctions compliance
- Stay up-to-date with industry trends, regulatory changes, and best practices in sanctions compliance
JOB REQUIREMENTS
- Bachelor's degree in a relevant field (e.g., finance, compliance, law) or equivalent experience
- 1+ years of experience in AML/sanctions compliance, preferably within the banking industry
- Strong understanding of sanctions regimes, including OFAC, EU, and UN sanctions
- Demonstrated expertise in sanctions screening tools and transaction monitoring
- Proficient in data analysis and generating compliance reports
- Effective communication and interpersonal skills to collaborate with cross-functional teams
- Relevant professional certifications, such as CAMS (Certified Anti-Money Laundering Specialist), are highly desirable
