aml compliance specialist

Be part of our growing TEAM

We are looking for goal-oriented individuals to fill the AML Compliance Specialist role.

The AML Compliance Specialist is responsible for developing, implementing, and maintaining the Anti-Money Laundering (AML) program within the organization. This role ensures compliance with all relevant AML regulations and safeguards the organization against risks associated with money laundering and terrorist financing.

The AML Compliance Specialist reports directly to the AML Officer/Chief Compliance Officer for their daily tasks and functions

JOB RESPONSIBILITIES:

• Developing and Implementing AML Policies and Procedures: Creating and maintaining a robust AML program such as the Money Laundering and Terrorism Financing Prevention Program (MTPP) that aligns with regulatory requirements and industry best practices.
• Maintaining and Monitoring the DIGICUR System: Monitoring the accuracy and completeness of the company's DIGICUR system in compliance with regulatory requirements.
• Reporting Database Monitoring for IC Compliance Submissions: To report to the AML Officer or Chief Compliance Officer any IC submissions on daily, weekly, monthly, quarterly or annual basis.  To ensure to track any developments and provide a clear list of compliance to submissions to avoid penalty or fine.
• Conducting Risk Assessments: Identifying and evaluating potential money laundering and terrorist financing risks within the company and its operations.
• Monitoring Transactions and Activities: Regularly reviewing transactions and business activities for suspicious patterns or red flags.
• Reporting Suspicious Activity: Filing Suspicious Activity Reports (SARs) with relevant authorities when necessary.
• Customer Due Diligence (CDD) and Enhanced Due Diligence (EDD): Implementing and overseeing CDD and EDD procedures to verify customer identities and assess their risk profiles.
• Training and Awareness: Providing AML training to employees to ensure they understand their obligations and can identify suspicious activity.
• Staying Current with Regulations: Keeping abreast of changes in AML regulations and industry best practices.
• Coordinating with Internal and External Stakeholders: Collaborating with other departments, regulatory bodies, and external auditors as directed by the AML Officer/Chief Compliance Officer
• Maintaining Records: Ensuring accurate and complete records of AML compliance activities.
• Implementing AML Software: Helping choose and implement the right AML software to automate KYC, screening, risk assessment, and record-keeping requirements.
• Timely and Accurate Submission of CTR/STR: To submit in accordance to the period provided by law of the CTR/STR with AMLC to avoid any penalty.

QUALIFICATIONS:

• Bachelor's Degree in Finance, Business, Law, or related field
• Professional Certification in AML issued by AMLC
• 2 to 3 years of experience in AML Compliance within the financial services, insurance industry or other IC- Supervised entities
• Strong knowledge of AML regulations, industry standards, and best practices
• Proficient in AML software and transaction monitoring systems
• Experience in submitting CTR/STR reports through the AMLC online portal
• Knowledgeable in onboarding and KYC activities for both corporate and individual clients
• Ability to analyze complex financial transactions and identify potential risks
• Excellent communication, organizational, and interpersonal skills
• Willing to work onsite in Pasig City

Office Location: Meralco Ave, Pasig City (across Estancia Mall)

VALUE CARE HEALTH SYSTEMS, INC. offers a meaningful experience to every employee from day 1 of their journey with the company.

VALUCARE provides their employees with a total rewards package, which includes competitive market benefits:

• Guaranteed leave benefits on your first day
• Guaranteed HMO on your first day
• Up to 2 months performance-based bonus (14th and 15th month)
• Commission Share
• Life Insurance Coverage
• Health care benefit coverage for up to 3 dependents
• Retirement benefits
• Annual Salary Increase
• Birthday Leave
• Leave Conversion
• Uniform Benefit
• Medicine and Vitamins Allowance
• Company Sponsored Training

At VALUCARE, we promote an environment that empowers everyone to perform at their best and explore their creativity.