Senior Compliance Manager

Senior Manager - Compliance

Compliance Department

About the Bank:
Armed with a proud history of over 30 years, Pan Asia Bank is an exciting growth journey, evidenced by an array of recognitions, including being honed as one of the Top 40 business entities in the country by Business Today and top hundred companies by LMD.

Job Profile:

• Lead the development and continuous enhancement of the Bank's Compliance Risk Assessment Framework, Annual Compliance Monitoring Programme, and overall AML/CFT strategy, ensuring alignment with regulatory requirements and industry best practices.
• Oversee Correspondent Banking compliance, due diligence reviews, risk assessments, and regulatory compliance while ensuring effective governance and management reporting.
• Manage and optimize AML transaction monitoring, sanctions screening, compliance surveillance systems, and digital compliance initiatives, including the use of AI, ML, and automation to strengthen risk detection and operational efficiency.
• Act as the Bank's principal liaison with the Financial Intelligence Unit (FIU), regulatory authorities, Law Enforcement Agencies (LEAs), and judicial bodies, ensuring effective handling of compliance and AML/CFT-related matters.
• Ensure the accurate, timely, and secure submission of all regulatory and statutory reports, including suspicious transaction reporting through the goAML platform.
• Provide strategic compliance advisory support to senior management, lead investigations into complex compliance issues, and oversee the resolution of regulatory findings, audit observations, and compliance breaches.
• Foster a strong culture of compliance through organization-wide training and awareness initiatives, while regularly reporting compliance risks, regulatory developments, and key metrics to Executive Management and Board Committees.

Candidate Prerequisites:

• A Bachelor's or Master's Degree from a recognized university in Law, Finance, Economics, Banking, Business Administration, or a related discipline, together with professional qualifications from a recognized body such as CsA Sri Lanka (ACA/FCA), CIMA (UK), IBSL (AIB/FIB), or an equivalent institution.
• Possession of a recognized compliance or financial crime qualification such as Diploma in Compliance (IBSL), CAMS, ICA Diploma in AML/Compliance, or an equivalent certification would be a distinct advantage.
• Minimum 10 -15 years' experience in Banking, Compliance, Risk Management, Audit, or Financial Crime Compliance, including substantial exposure in a senior leadership capacity within a regulated financial institution.
• Sound understanding of Correspondent Banking, including Wolfsberg CBDQ standards, enhanced due diligence requirements, Trade-Based Money Laundering (TBML) risk management, and hands-on experience in managing and optimizing automated AML transaction monitoring and sanctions screening systems.
• Strong knowledge of CbSL Directions, OFAC sanctions requirements, and proven expertise in developing and implementing Risk-Based Compliance Frameworks, enterprise-wide compliance risk assessments, and monitoring programmes.
• Demonstrated expertise in digital banking compliance, e-KYC processes, goAML reporting, regulatory submissions, data analytics tools (SQL/Power BI), and compliance with the Personal Data Protection Act No. 9 of 2022.
• Strong stakeholder management, regulatory engagement skills coupled with communication, and leadership skills.

Remuneration:

The successful candidates will be provided with an attractive remuneration package including fringe benefits, commensurate with industry standards.

How to Apply:

If you possess the experience, expertise, and leadership capabilities required to drive the Bank's Compliance and AML/CFT agenda, we invite you to submit your application through our career portal before the deadline.

Only shortlisted candidates will be contacted.