Responsibilities:
- Investigate and assess transaction monitoring alerts to identify potential Money Laundering or Terrorism Financing Activities
- Investigate alerts escalated to the transaction monitoring team
- Communicate with relevant business units in the investigation of cases and to provide transaction monitoring advisory
- Establish, review and update policies and procedures relating to transaction monitoring
- Review and clearance of sanctions alerts
- Handling of production order and seizure orders from local authorities
- Assist to monitor daily alerts handling and documentation activities of the team and STR filing
- Review/follow up on investigation reports conducted by analyst for completeness and timeliness
- Communicate with relevant business units in the investigation of cases and to provide transaction monitoring advisory
- Review and preparation of documentation for STR filing
- Periodic review and update of policies and procedures relating to transaction monitoring
- Conduct periodic sample checks and prepare reports on the quality of alerts clearance and documentation with proposals for improvement
- Review of TM threshold/parameters
- Providing training/guidance to the analysts and business units
- Handling of queries from MAS, auditors and other external parties
- Conduct gap analysis on new/existing MAS Notices ,Guidelines, Circulars etc.
- Any other tasks or duties assigned by Team Lead/Head of Department or Company from time to time
Requirement:
- Recognized Bachelor Degree or above, preferably in Business or related discipline
- At least 4 years experience in banking industry, and 2 years in Transaction Monitoring
- English and Mandarin to liaise with internal/external stakeholders
- A good understanding of Transaction monitoring and the fund flows relating to banking industry
- Knowledge of sanctions and trade finance enhanced due diligence
- Previous experience in investigation and preparation of cases for STR filing
- Previous experience in TM threshold/parameters tuning is an advantage
- Excellent eye for details
- Strong analytical mind-set
- Good writing skills
- Able to work independently and within a team
- Strong interpersonal and communication skills at all organizational levels
Salary: $6,000 Per Month
