The Head of the AML Unit is responsible for leading the department in ensuring full compliance with Anti-Money Laundering (AML), Counter-Terrorism Financing (CTF), and Proliferation of Weapons of Mass Destruction (PF) regulations. This role involves providing strategic guidance, overseeing monitoring activities, ensuring regulatory reporting, and managing the internal framework to mitigate financial crime risks within the organization.
Responsibilities:
- Lead the AML unit in executing all duties and responsibilities related to the implementation of AML, CTF, and PF regulations.
- Provide expert advice and formal opinions regarding the practical application of current AML/CTF/PF regulations and policies.
- Oversee continuous monitoring activities to ensure the effectiveness of AML/CTF/PF controls and adherence to internal policies.
- Develop and conduct socialization programs and training sessions to ensure staff across the organization understand and implement applicable compliance requirements.
- Ensure timely and accurate submission of all required reports and correspondence to relevant authorities and regulators within the scope of the AML unit.
- Coordinate the execution of customer data update programs, ensuring that all client profiles are accurate and aligned with their assigned risk levels.
- Ensure that internal policies and the organization's AML systems are consistently updated and aligned with the latest regulatory changes and best practices.
Qualifications:
- Minimum 8 years of experience in the banking or financial services industry.
- Proven experience working in AML, Compliance, Risk Management, or other second line of defense functions.
- At least 3 years of managerial experience in supervising or leading a professional team.
- Deep understanding of banking regulations, with specific expertise in AML, CTF, and PF requirements applicable to Sharia Commercial Banks.
- Must hold a Risk Management Certification at a minimum of Level 5.
