Anti-Money Laundering Compliance Officer (AMLCO)

Details

Purpose of the Role
The CAMLCO / AMLCO is responsible for establishing, implementing, and overseeing the AntiMoney Laundering (AML), Combating the Financing of Terrorism (CFT), and Sanctions Compliance
framework of the organization. The role ensures full compliance with applicable laws, regulations,
and regulatory directives issued by Bangladesh Bank and other relevant authorities, while
safeguarding the institution against financial crime, reputational risk, and regulatory exposure.
Key Responsibilities
1. Regulatory Compliance & Governance
• Develop, maintain, and periodically update AML, CFT, and Sanctions Compliance policies,
procedures, and internal controls in line with prevailing regulatory requirements.
• Act as the primary point of contact with regulators, Financial Intelligence Unit (FIU), and
law enforcement agencies on AML/CFT matters.
• Ensure timely regulatory reporting, including Suspicious Transaction Reports (STRs),
Suspicious Activity Reports (SARs), and other mandatory disclosures.
2. Risk Assessment & Control Framework
• Conduct enterprise-wide AML/CFT risk assessments covering products, services,
customers, delivery channels, and geographic exposure.
• Ensure appropriate risk mitigation measures are embedded across onboarding,
transaction monitoring, and ongoing due diligence processes.
• Oversee enhanced due diligence (EDD) for high-risk customers, merchants, and
counterparties.
3. Transaction Monitoring & Investigations
• Oversee transaction monitoring systems and alert review processes to detect unusual or
suspicious activities.
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• Review, assess, and escalate suspicious cases for internal decision-making and regulatory
reporting.
• Ensure proper documentation, audit trails, and case management standards are
maintained.
4. Training & Awareness
• Design and deliver periodic AML/CFT training programs for employees, management, and
relevant stakeholders.
• Promote a strong compliance culture and awareness of financial crime risks across the
organization.
5. Audit & Regulatory Examination Support
• Coordinate and respond to regulatory inspections, internal audits, and external audits
related to AML/CFT compliance.
• Ensure timely remediation of audit findings, regulatory observations, and supervisory
directives.
6. Advisory & Strategic Support
• Provide compliance advisory support to business, operations, and product teams to
ensure new products, services, or processes are AML-compliant.
• Keep management informed of emerging AML/CFT risks, regulatory changes, and industry
best practices.
Qualifications & Experience
• Bachelor’s degree in Finance, Accounting, Business Administration, Law, or a related
discipline (Master’s degree preferred).
• Minimum 7–10 years of relevant experience in AML/CFT, compliance, risk management,
or regulatory functions within banks, NBFIs, PSOs, PSPs, or financial institutions.
• Prior designation as CAMLCO / AMLCO or Deputy AMLCO in a regulated financial
institution will be considered an advantage.
• Strong working knowledge of Bangladesh Bank AML/CFT guidelines, relevant Acts,
circulars, and international best practices.
Skills & Competencies
• Strong analytical and investigative skills with attention to detail.
• Sound judgment and ability to take independent compliance decisions.
• Excellent communication skills for regulatory correspondence and internal stakeholder
engagement.
• High level of integrity, confidentiality, and professional ethics.
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• Ability to work independently and manage regulatory pressure and deadlines.
Authority & Independence
The CAMLCO / AMLCO shall have independent access to senior management and the Board
(where applicable) and must be able to discharge duties without undue influence from business
or operational function