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.
