Makati, National Capital Region, Philippines
Certified Anti Money Laundering Specialist with years of professional experience in the financial service industry; specialize in Financial Crime Risk; adept in AML compliance operations with background in end to end banking operations, insurance and investments.
Manage, lead, and develop a diverse team of staff within the group. Act as subject matter expert (SME) to AML FIU team and/or other stakeholders. Act as point of contact during internal/external examination period and ensure that AML audit requests are timely and appropriately provided. Conduct training to AML FIU Analysts and/or other stakeholders related to AML FIU function as necessary. Prepare recommendations to senior management on the filing of Suspicious Activity Reports (SARs) and/ or client relationship termination or retention. Make recommendations to senior management on the next course of action.Assist the AML FIU Head in keeping the senior management aware of the issues encountered through continuous and open communication through meetings and preparation of corrective action plans, as necessary. Collaborate with FIU Head and other Cluster leads in managing risk by analyzing the root cause of issues and impact to business. Come up with recommendations/ideas in streamlining processes. Identify control gaps to ensure compliance to policies and regulatory requirements. Responsible for keeping up to date and formulate AML FIU’s internal policies and procedures in reference to the recent AML Regulatory Issuances. Collaborate with stakeholders in appropriately assessing the business decisions related to AML risk through compliance with applicable laws, rules and regulations and adherence to internal policies with sound judgement regarding bank’s best practices as well as escalating, managing, and reporting control issues. Conduct investigations and research on potentially suspicious clients using various internal and external systems and databases as applicable. Serves as an escalation point of analysts if and when needed.
Perform review and quality check of KYC records of individual and institutional clients ensuring files are completed to meet KYC requirements based on the appropriate level of due diligence. Complete client risk assessments by undertaking due diligence procedures, identification and dispositioning of potential matches for PEPs, material adverse media, and sanctions captured in screening. Work effectively with key stakeholders using strong influencing skills to ensure the mutually satisfactory resolution of key issues and that the respective responsibilities are understood, agreed, and escalated where required. Assist in the execution of ad-hoc projects as required. Escalate issues in a timely manner to operational management and process owners.
Investigate account activity of HSBC Private Banking customers that are system-defined as potentially anomalous. Identifies whether alerted activity is not unusual/false positive or must be escalated for further investigations due to risk involved that cannot be mitigated at Level 1 and Level 2. Assess all accounts and relationships relating to the customer and research detailed information to the customer from multiple sources including adverse news, if any, to determine whether there is evidence of money laundering activity based on AML Office policies and procedures Coordinate with the Relationship Manager for missing substantial information regarding the alerted transactions. Communicate discoveries and issues with External Investigative Reporting Team (Level 3) to support successful discovery of money laundering activities
Review correspondent banking transaction alerts generated by HSBC group system defined as potentially anomalous and breaches thresholds. Analyze the transaction through payment routing and SWIFT messages and build strong economic rationale for the alerted transaction/s. Build and consolidate KYC of client and counterparty/ies involved in the transaction, including previous account activity and any adverse information through negative news search and World Check reference. Coordinate alerts that require Level 2 Investigations and Relationship Manager attention including submission of Request For Information.
Review the alerts generated by HSBC Group application and ensure the potential and true matches are reported to Level 3 in accordance with the defined procedures Ensure timely escalation and notifying supervisor ahead of business hours for exceptions to the given turnaround time Highlights Career Adventure on KYCS Operations for APAC Region, including FATCA, Central Screening Unit and Quality Control Lateral promotion from Level 1 Investigations to Level 2 Investigations in a span of 1 year and cross-trained for US Name Screening process, contributor for effective workforce management in delivering cost saves equivalent to 2 FTEs Actively supported the global live pilot probing of OWS Name Screening Alert Generating System by monitoring and reporting the accuracy of data captured and feeds from core banking systems
Perform quality checking of check deposit and investment products processes and provide processing support ensure to meet cut off time for reconciliation balancing Review and set up online fund transfer of deposit and investment accounts and report suspicious transactions that require more attention Open and activate accounts by reviewing and processing new account applications with adherence on standard operating procedures and AMLA Process client information maintenance item and requests for issuance of access cards, checks, deposit slips and complementary tools to client Create and submit notices to client for delayed or cancelled fire insurance policy for mortgages Highlights Promoted as Quality Analyst in 2014 and handled Mortgage work type under the bank’s operations Best in Productivity for 1st Quarter-4th Quarter of 2013 and 1stQuarter-2nd Quarter of 2014 Proactively collaborated in formulation and standardization of the bank’s business processes for direct deposits and investment procedures and quality checking