AML/KYC* Compliance Coordinator (*Anti-Money Laundering / Know your Client)

Industry Category	Accounting / Finance	Position	Banking / Finance
Recruitment Department		Number Of Recruits	several
Work Location	Metro Manila (NCR) Taguig	Nature Of Work	Full Time
Gender Requirements	Male	Marriage Requirement	No marital status restrictions
Education Level	Open to all levels	Work Experience	No work experience restrictions
Age Requirement	Above 18 years old	Salary Package	Negotiable
Updated Date	2022-10-04	Valid Until	Long-term validity

The AML/KYC* Compliance Coordinator (*Anti-Money Laundering / Know your Client) will undertake detailed analytical research of clients and parties on a global basis to provide efficient and effective Client Due Diligence (CDD) services to Firm Partners and local offices in new and existing client registrations and matters.

To utilize knowledge and experience of Know Your Customer (KYC) and Anti-Money Laundering (AML) and Sanctions screening activities to carry out risk-based reviews and make decisions to support timely client on-boarding and matter processing, ensuring compliance with ethical, legal, and regulatory requirements.

To review and disposition alerts generated through screening of clients and parties; conduct beneficial ownership investigations, and undertake periodic reviews of existing client profiles.

Responsibilities:

Undertake day-to-day compliance activities in line with AML obligationsProvide all aspects of support to the Firm, its Partners, and offices about the AML/KYC function within New Business Intake (NBI)Diligently review and assess the AML and reputational risks associated with all new client and matter requests submitted via the Firm’s intake system (Intapp) to perform KYC/CDDPerform detailed investigations to identify the presence of Politically Exposed Persons (PEPs) or Closely Related Associates (CRAs), Adverse Media, and Sanctions, utilizing several trusted industry sources (such as World-Check, D&B, Hoovers, Lexis Nexis),providing a concise rationale for false or positive ‘match’ decisionsConduct independent verification of client due diligence information using additional research methodsMake sound and educated decisions regarding the existence and validity of possible AML, Sanctions, or reputational concerns and complete subsequent follow-up activitiesConduct thorough beneficial ownership investigations to provide results to local offices and ensure compliance with Firm policies and proceduresThoroughly document research and analysis completed on clients and/or matters in a manner suitable for review by internal and external stakeholders e.g. Regulators, Audit, Risk, and ComplianceProvide results of screening and client due diligence undertaken to offices at agreed frequencies and work to address any CDD concernsPeriodically evaluate existing client profiles to keep client files up-to-dateConduct enhanced due diligence and monitoring of higher-risk relationshipsReview results of ongoing screening and monitoring activities to determine if further action or escalation is required, clearly documenting results and decisions madeOperate within agreed SLAs and confidentiality standardsBuild trusted relationships with key internal stakeholders; Partners, Fee Earners, PAs, local AML/Compliance ManagersSupport internal testing and audit requirementsAssist with any other AML Compliance-related matters or projects as identified and assigned by the AML Compliance ManagerAssist with developing training materials, team standards, presentations, and courses on AML compliance awarenessEngage and collaborate with team members through the presentation of ideas and recommendations regarding best practice, continuous improvement, departmental processes, policies, and procedures

Skills and Experience:

Bachelor's degree required (2:1 or above preferred)Strong understanding of AML/CTF requirements and financial crime risks associated with the range of services in the legal industryGood relevant AML experienceStrong analytical and research skillsExperience with AML/KYC/Due Diligence processes and systemsExperience with AML monitoring and screeningAbility to manage processes efficiently, with accuracy and attention to detailA recognized AML/Compliance qualification is desirable but not essentialExcellent communication skills, written and verbalStrong decision-making capabilitiesTeam player adaptable to a fast-paced and changing environmentGood planning, time management, a prioritization of skillsAbility to work independently and also to liaise with other departmentsMust have good knowledge of Microsoft Office applications and other productivity tools (Intapp knowledge is an advantage)Flexibility to work a reasonable shifting schedule is requiredExceptional problem solving, critical thinking, and analytical skillsAbility to contribute ideas for process improvements and adapt easily to procedural changesPositivity and the adoption of a solution-based approach in all aspects of work

Established in 2000 as a pioneer in the legal industry, B&M Global Services Manila is currently the largest shared services center of leading international law firm brand, Baker McKenzie. B&M Global Services Manila is part of a global network of service centers which provides support and strategic service delivery solutions to the firm’s 77 offices across 46 countries. Aside from providing world-class careers in various fields, it also offers a professional development program, exposure to global best practices, and opportunities to give back to the community through Corporate Social Responsibility initiatives.Close to 1,000-strong, its people are its greatest asset. Cultivating their trust and focusing on their agility and passion enables the company to become strategic partners to Baker McKenzie lawyers worldwide