Job Purpose
AML Transaction Monitoring is necessary to identify and protect the Bank from activity that may be unusual and/or indicative of potential money laundering, fraud and other types of financial crime. As part of the Bank’s AML Transaction Monitoring function, in this role the individual will be responsible for conducting a variety of tasks such as AML Alert reviews, investigations, preparing narrative information for STR filings, conducting customer due diligence, and participating in ad hoc projects as needed.
Key Accountabilities
Manage daily alert volumes and investigations; escalate matters to AML Team as necessary.
• Conduct additional reviews on transactional history and client profile to determine the applicable course of action with their manager; request additional information where needed.
• Document the rationale on how alerts or investigations are dispositioned; conduct follow up reviews where necessary.
• Prepare narratives and supporting information needed for filing Suspicious Transaction Reports (STRs).
• Learn and develop a thorough comprehension of internal AML typologies relating to specific business lines. Utilize internal and external sources, and partner with other members within AML team to research and investigate cases.
• Support the AML Team to perform screening on the list of names that have been published through the IEMS (Integrated Enquiry Management System) for any positive matches and send a regular update to the Line Manager tracking the match and relevant actions.
Other Accountabilities
Other Accountabilities
Job Context
The Transaction Monitoring Officer main responsibility relates to the investigation of daily transaction monitoring alerts, raising Unusual Activity Referrals, and reporting STRs where required.
The officer shall assist in other AML/CTF responsibilities including CDD, PEP and Sanction reviews, and oversight of the reporting registers to ensure data entry accuracy and adherence to SLAs.
Additional responsibility of the officer includes highlighting any AML risks or vulnerabilities and assist in continuous improvement of our Transaction Monitoring and AML function.
Education
Experience and Skills
• 2 years experience in conducting alert reviews, investigations, due diligence, and handling remediations in a financial services institution.
• Good understanding of transaction monitoring scenarios and AML typologies.
• Excellent communication skills (both written and verbal)
• Good understanding of regional laws and regulations and thorough knowledge of suspicious reporting in banking.
• Strong interpersonal, people management and facilitation skills
• Team player, able to meet tight deadlines and manage challenging workload.
• Strong problem-solving skills