Summary
Responsible for assisting with risk and compliance reviews in coordination with the broader Financial Crime Compliance (FCC) department team. The overall objective is to utilize basic Anti-Money Laundering and Counter Terrorism Financing (AML/CFT) knowledge to independently review, analyze and conduct effective due diligence and investigations on higher risk cases that may be a potential risk to the Bank.
Transaction Monitoring Unit
Duties and Responsibilities
1.Alert Management
- Assist with the investigations and research on potentially suspicious client using various internal and external systems and databases.
- Summarize, in writing, clear and concise findings of the investigation. Ensure to dispose a case in the AML system
- Ensure suspicious activity being escalated to STR team within timely manner.
- Inform management of issues that require escalation and interact regularly with various lines of business, other analyst/management regarding accounts currently under review.
- Appropriately assess risk when decisions are made when reviewing the alerts.
- Follow-up with additional point(s) of contact as needed to identify additional information (such as branch, other units) in support of the case.
- Ensure to achieve target set of 50 – 100 alerts/ > more or 100%/more on monthly basis.
- Ensure nil/less than 5 alerts of rejection from the Quality Assurance (QA) team on monthly basis.
- Ensure to meet gradual target set (new hire)
2.Change Management Objectives
- Participation in training sessions and meetings – Ensure adherence to participate in the training and meeting sessions.
- Training – Ensure to achieve minimal credit hours on online training set by the Human Resource (HR) team.
- Policy or Cultural changes – Adapting on the any new policy or cultural changes within the team/Bank
- Ensure minimal unplanned absenteeism.
- Ensure effective participation during team meeting and discussion.
3. Ensure adherence and compliance to all internal policies/guidelines and external regulatory requirements.
4.Any other duties/assignment as and when directed/assigned by the superior as per business requirement from time to time.
Qualification
Bachelor Degree
Years of Experience
< 2 years
Specific Skills/Knowledge and Certification Required
- Good exposure and experience of working in the related areas i.e. Banking and fast-moving environment.
- Strong managerial skill.
- Good communication, writing skill and interpersonal.
- Be an assertive and innovative team player, highly independent, committed, self-motivated, resourceful and result-oriented.
- Ability to perform a variety of functions at various levels internally & externally.
- Ability to multi-task, highly numerate with great attention to detail
