AML Compliance Lead - ShopeePay

SeaMoney is a part of Sea Group, a leading global consumer internet company. SeaMoney's mission is to better the lives of individuals and businesses in our region with financial services through technology. SeaMoney's offerings include mobile wallet services, payment processing, credit offerings, and related digital financial services and products. These are available in seven markets across Southeast Asia and Taiwan under various brands, including ShopeePay, SPayLater, and other brands.

Job Description:

• The AML Compliance Lead is responsible for managing the AML Compliance Unit of ShopeePay Philippines Inc.
• Shall be responsible for the management and oversight of the institution's anti-money laundering, counter terrorsim, and counter-proliferation financing (MTPP) program.
• This role shall ensure the proper implementation of related ML/CTPF policies, AML system, development and implementation of ML/CTPFSOPs, and conduct of institutional risk assessments.
• Additionally, the AML Compliance Lead will assist in the review and submission of Suspicious Transaction Reports (STRs) and Covered Transaction Reports (CTRs).
• Other Compliance tasks that may be assigned by the Chief Compliance Officer.

Key Responsibilities:

1. AML Policies and Procedures:

Develop, implement, and maintain AML/CTPF policies and procedures.

Ensure that AML policies and procedures are aligned with regulatory requirements and industry best practices.

Provide guidance and support to staff on AML policies, compliance reviews, and issues.

Ensure timeliness and accuracy of related AML/CTPF regulatory reports

2. AML System and Data Analysis:

Monitor and analyze AML system data to identify potential trends of suspicious activities for necessary enhancements of systems, policies, and/or procedures.

Utilize data analysis tools to enhance the detection and reporting of suspicious transactions.

Ensure the effectiveness and accuracy of AML systems and recommend improvements as needed.

3. Institutional Risk Assessment:

Conduct comprehensive AML risk assessments to identify and evaluate potential risks within the institution.

Develop and implement strategies to mitigate identified risks and enhance the institution's AML controls.

Maintain and update the institutional risk assessment framework as necessary.

4. STR and CTR Review and Submission:

Manage the review of Suspicious Transaction Reports (STRs) and Covered Transaction Reports (CTRs) for accuracy and completeness.

Ensure timely and accurate submission of STRs and CTRs to relevant regulatory authorities.

Maintain records of all submitted reports and provide necessary documentation during audits or examinations.

5. Training and Awareness:

Develop and deliver AML training programs to ensure Director/s, Officers, and staff awareness and understanding of AML requirements.

Promote a strong culture of compliance within the institution through ongoing education and awareness initiatives.

Requirements:

• Bachelor's degree in Finance, Business, Law, or a related field. Advanced degree or professional certification (e.g., CAMS, CFE) is preferred.
• Minimum of 7-10 years of solid experience in AML compliance roles or functions.
• Strong knowledge of AML laws, regulations, and regulatory requirements.
• Proficiency in AML/CTPF laws, rules, and regulations.
• Excellent analytical, problem solving, and decision making skills.
• Effective communication and interpersonal skills.
• Ability to work independently and manage multiple tasks and deadlines in a fast paced environment.
• Detail Oriented with a strong commitment to accuracy and compliance.