Financial Crime World

Wanfuteng Bank Seeks AML/CTF Compliance Officer

Port Vila, Vanuatu - Wanfuteng Bank is seeking a highly skilled and experienced AML/CTF Compliance Officer to join its team.

Job Description

The successful candidate will be responsible for ensuring the bank’s compliance with Anti-Money Laundering (AML) and Combating the Financing of Terrorism (CFT) regulations.

Key Responsibilities

  • Develop and maintain procedures to identify and report unusual and suspicious transactions to local authorities
  • Sign off on Correspondent Banking and Vendor Risk Management reviews and queries as necessary
  • Conduct local AML risk analysis and ensure compliance with Group AML/CTF policies
  • Oversee the Enhanced Due Diligence process for high-risk clients and validate documents from the business
  • Conduct customer risk assessments and ensure accurate, complete, and risk-based reporting
  • Screen customers against World Check, Blacklisted Register, Sanctions List, and FIU notices
  • Conduct adverse searches and provide recommendations from a risk perspective
  • Maintain records of all client information online or in hard copy

Additional Responsibilities

  • Monitor customer transactions and activity on a daily basis
  • Review customer files annually for low-risk clients, every six months for medium-risk clients, and every three months for high-risk clients
  • Manage profile activations and terminations with the business unit
  • File reports to the Financial Intelligence Unit (FIU) as required
  • Conduct investigations into client or internal matters
  • Provide training to staff on AML/CTF regulations and procedures

Requirements

To be considered for this role, you must:

  • Hold a High School Certificate or higher-level education
  • Have compliance/AML/CTF certification or qualification
  • Have at least two years of experience in a compliance or risk role
  • Possess excellent organizational skills and attention to detail
  • Be proficient in written and oral communication skills in English, Bislama, and/or French
  • Demonstrate risk assessment capabilities, critical thinking ability, and problem-solving skills

How to Apply

To apply for this exciting opportunity, please submit your CV and two references to the Compliance and Anti-Financial Crime Officer at PO Box 65, Port Vila, Vanuatu or email career@wanfutengbank.com. Only successful candidates who meet the above criteria will be contacted for an interview.

Don’t miss this chance to join a reputable financial institution and contribute your skills and expertise to ensuring compliance with AML/CTF regulations. Apply now!