Head – AML CFT /Compliance Department (Senior Manager / Manager / Deputy Manager)

Head – AML CFT /Compliance Department: Senior Manager / Manager / Deputy Manager (1)
Job Code: MBBL 02
Location: Head Office

Job Purpose:

Head – AML CFT / Compliance is responsible for developing, implementing, and overseeing the Bank’s Anti-Money Laundering (AML) and Counter Financing of Terrorism (CFT) programs. They ensure compliance with local and international regulatory requirements, conduct risk assessments, and monitor suspicious transactions. The role involves reporting to regulatory bodies and advising senior management on compliance and financial crime risk.

Key Responsibilities

1. AML/CFT Strategy and Governance

• Develop and implement an enterprise-wide AML/CFT compliance framework aligned with regulatory expectations and best practices.
• Oversee the formulation of policies, procedures, and programs to detect, prevent, and report money laundering, terrorist financing, and other financial crimes.
• Ensure continuous enhancement of risk-based AML/CFT approaches across all business lines and geographies.

2. Regulatory Compliance Management

• Ensure full compliance with all applicable laws, directives, circulars, and guidelines issued by regulators such as NRB, FIU, and international bodies (FATF, Basel, etc.).
• Serve as the primary point of contact for regulatory bodies on AML/CFT and compliance matters.
• Prepare and submit accurate and timely regulatory reports, including STRs and CTRs, to the FIU.

3. Transaction Monitoring & Investigation

• Supervise the deployment and optimization of automated transaction monitoring systems.
• Lead case reviews, investigations, and the decision-making process on STRs and potential breaches.
• Oversee customer due diligence (CDD), enhanced due diligence (EDD), and ongoing monitoring of high-risk accounts.

4. Policy Development & Risk Assessment

• Lead enterprise-wide compliance risk assessments, including AML/CFT, KYC, sanctions, and PEP exposure.
• Design and update internal compliance policies and manuals in line with evolving regulatory expectations and risk assessments.
• Guide business units in embedding AML/CFT controls in product design and customer onboarding processes.

5. Training, Culture & Awareness

• Build a strong compliance culture through regular training, communication, and awareness programs across all staff levels.
• Ensure senior management and board awareness of key AML/CFT risks and compliance obligations.
• Cultivate an ethical, zero-tolerance approach to non-compliance.

6. Internal Collaboration & Stakeholder Engagement

• Collaborate with business, risk, internal audit, IT, and legal departments to ensure effective enterprise-wide compliance.
• Advise senior management and board committees on critical compliance risks and emerging threats.
• Coordinate with law enforcement, FIU, and peer institutions for knowledge sharing and best practices.

Key Competencies

• Regulatory Expertise: In-depth understanding of AML/CFT regulations, FATF standards, and Nepalese financial laws.
• Analytical Thinking: Ability to assess complex data for potential money laundering risks and develop strategic responses.
• Leadership: Skilled at leading multidisciplinary compliance teams and fostering a culture of integrity.
• Technology Proficiency: Experience in compliance system implementation and data analytics for financial crime detection.
• Communication: Strong written and verbal communication for engaging with regulators, senior management, and staff.
• Risk Awareness: Sound knowledge of compliance risk management frameworks and methodologies.
• Discretion & Integrity: High ethical standards and confidentiality in handling sensitive compliance matters.

Key Performance Indicators (KPIs)

• % of high-risk customer reviews completed on time
• Number of STRs/CTRs filed and acted upon timely
• Reduction in regulatory breaches and penalties
• Average resolution time for alerts/investigations
• Staff compliance training coverage and pass rate
• Regulatory inspection outcomes (e.g., zero major findings)
• System coverage of automated transaction monitoring
• Effectiveness of KYC/CDD/EDD compliance rate

Qualification:

• CA / Masters’ degree in Management or equivalent from the recognized university with second division or above.

Experience:

• For Senior Manager Position: Minimum 10 years of experience in Commercial or National Level Development Banks with at least 6 years in related job functions.
• For Manager Position: Minimum 8 years of experience in Commercial or National Level Development Banks with at least 5 years in related job functions.
• For Deputy Manager: Minimum 7 years of experience in Commercial or National Level Development Banks with at least 4 years in related job functions.
• Candidates must have at least 2 years of experience in recent position.

Age Criteria:

• Age not less than 25 years as of vacancy deadline.

Application Deadline: 17th September, 2025

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