Job Description

About us

Shanghai Commercial Bank (SCB) is an international bank based in Hong Kong, currently maintains network of branches in Hong Kong and overseas branches. Our London Branch was established in 1980 providing banking services to individual and corporate clients based in the UK and overseas. Our products and services include deposits, commercial and residential property financing, remittances and trade finance. We are committed to excellence through proactive actions, unwavering integrity, mutual respect, professionalism, collaborative teamwork, strong accountability, inspiring leadership.

Job Overview:

We are seeking an experienced Anti-Money Laundering staff to join our team. As the Money Laundering Reporting Officer of Shanghai Commercial Bank Ltd, being the primary point of contact for internal reports of suspicious activity, evaluate internal disclosures and decide whether they merit an external

SAR to the National Crime Agency (NCA)

. Key areas of focus include client onboarding, KYC processes, periodic customer reviews, transaction monitoring, and the handling of suspicious transactions ensuring that all AML/KYC practices are robust, effective, and aligned with regulatory and internal standards.

Key Responsibilities:

To take up the SMF17 functions as required by Branch Management Head up and manage KYC & Transaction monitoring procedures Responsible for devising and implementing branch risk-based AML strategies Ensure all internal SARs reports are investigated and passed on to relevant authorities if needed Ensure team and all staff comply with relevant policies and procedures Create and manage effective action plans in response to related audit discoveries and compliance violations To keep other departments abreast of relevant laws and regulations

Risk and Compliance

Work with Group Compliance functions to develop robust working practices (and shared activities) to identify and mitigate AML risks Provide guidance/training on regulatory AML/CTF risk assessments on customers to the relevant staff Responsible for timely submission of MI reports (Monthly AML Dashboard Reporting, Monthly Legal and Compliance Report, Anti-Money Laundering Quarterly Transactions Report) Develop, maintain and review policies, guidelines and procedures to be in compliance with relevant laws, regulatory and Group requirements Provide training to all staff on the latest related regulations and processes Strong knowledge of FCA, AML laws and regulation/ FATF Recommendations of Central Bank of UK

Relevant Experience

Minimum 5 years working experience related to AML Good understanding on UK culture and commercial property lending criteria Previous operation and management experience in Banking operation desirable (retail banking operation, business processes, reconciliations, Back Office or database control) A good understanding of operational risk frameworks Experience in leadership & staff management including objective setting, appraisals, reviews

Knowledge & Skills

Excellent communication skills both in English and Cantonese Proficient in spoken and written English and Cantonese Ability to work in fast paced environment under pressure and manage multiple priorities Keen eye for details Good all-round IT proficiency, especially in Excel and PowerPoint Strong interpersonal skills Good problem solver and resourceful Team player Initiative to self-starting approach to tasks and projects and ability to work on own initiative AML and UK banking regulations Knowledge of FCA Conduct Rules Knowledge of SWIFT Payment System Knowledge of financial and accounting principles
Job Types: Full-time, Permanent

Benefits:

Company pension Life insurance Private medical insurance
Schedule:

Monday to Friday
Education:

Bachelor's (preferred)
Experience:

AML: 5 years (required)
Language:

Cantonese (required)
Work Location: In person