Money Laundering prevention by Monitoring & Screening controls (Monitoring & Screening) is responsible for executing the control frameworks designed to manage and mitigate the money laundering risk resulting from cash transactions of the banks clients and the client itself.

The work includes:

  • Ensuring that the defined control framework is being implemented appropriately to execute the controls within the quality standards defined
  • Operating the control itself by reviewing the alerts generated to identified ‘real’ alerts, which have to be either reported to the authorities or being escalated together with a proposal for further action to the business line owner of the client/ transaction (Typically referred to as L1 to L3/ SAR investigations).
  • Ensuring operational quality and discipline combined with regulatory risk awareness & investigative skills, and warrant that workflows are governed by established policies, clearly defined processes, and escalation points

Job Requirement

  • At least 4 years of related working experience.
  • Good knowledge/understanding of banking and financial services laws and regulations, compliance best practices and understanding of financial products and systems.
  • A background in a Financial Investigation Unit or Financial Crime Investigations with broad knowledge of AML or other investigations experience in an AML, Transaction Monitoring or Investigations role in a regulatory, or financial institution.
  • Familiar with diverse banking products across business lines in Private Banking, Wealth Management and automated AML monitoring/ case management systems, name screening tools and the functioning of core banking systems.
  • Able to demonstrate knowledge and awareness of regulations pertaining to AML and sanctions.
  • Certified AML specialists are preferred but not essential.
  • Detailed, meticulous and able to communicate effectively at all levels.
  • Self-starter and team player

Salary: $5,000 Per Month