BANK AML MONITORING & SCREENING CONTROL ANALYST (1 Year)

Job Description

  • Investigate AML/CTF cases and associated transactions and identify potential areas of risk (financial, reputational, and regulatory) within the transactions and associated client relationship review
  • Investigate cases utilizing knowledge of money laundering, financing of terrorism and related issues, seeking guidance and assistance when required from the Team Manager and other colleagues.
  • Resolving these investigations before any issues can have a negative impact on the bank’s financial position, reputation or become a regulatory issue.
  • Review and analyze daily AML/CTF cases to ensure that investigations are accomplished to address transactions that contravene the banks or regulatory policy. Ensure these occurrences are documented in the case for regulatory/audit level reviews.
  • Conduct open source and external database searches to mitigate any potential impact of adverse information on the investigation subjects
  • Handle complex and confidential cases with little or no guidance
  • Accountable to ensure the audit trail is complete for all alerts and cases
  • Ensure all alerts and cases are completed within the mandated timeframe.
  • Perform AML monitoring of assigned businesses or jurisdictions
  • Perform or support autonomous reviews and investigations
  • Support oversight on monitoring processes in the Asia Pacific as required. Coordinate and/or prepare the required management information reporting data for local, regional or global submission as applicable
  • Coordinate and work with AFC staff in the home and other locations to ensure consistency in standards and policy implementation.
  • Provide support in Financial Crime investigations related technical and project work and user-acceptance tests as needed.
  • Provide input on key initiatives and other ad hoc projects as needed.
  • Identify current transaction typologies and keep abreast of emerging ones proactively.
  • Provide support and assistance to the AML/CTF Manager with respect to the requirements of internal systems parameters reviews
  • Escalate any known data quality and system issues to the AML/CTF Manager and Data teams as required
  • Provide support to the AML/CTF Manager on internal and external audit or inspections as needed.

Job Requirments

  • 5-7 years relevant experience in Transaction Monitoring with background in a Financial Crimes Investigation unit or Financial Crime Special Investigations or Intelligence Unit.
  • Possess sound technical AML and KYC knowledge with demonstrated hands-on experience. Experience in Corporate Bank AML monitoring a plus.
  • Subject matter expert in AML/CTF typologies/trends with experience in reviewing evidential case files using knowledge of legislation. An understanding of the legal and compliance issues of complex banking organisations.
  • Familiarity with diverse banking products across business lines and experience in working on AML monitoring and case management systems.

Salary Range: $7,000 - $8,000 Per Month