Associate Transaction Services

Business Development, Talents’ Solution & Recruiter for Singapore, Malaysia, Macau & S.E.A at Inter Island Group & Malaysia Expatriate application

• Understand the applicable Anti-Money Laundering, Countering Financing of Terrorism, Countering Proliferation Financing and Targeted Financial Sanctions (AML / CFT / CPF and TFS) Framework Policies and Procedures.
• Adhere to data protection policy, procedure, regulatory requirements and maintain strict level of confidentiality / discretion when handling confidential customer information and documents.
• Perform first-level review of alerts triggered by company’s AML system and performed an in-depth investigation on flagged transactions to determine their legitimacy. This involves analysing and conduct thorough analysis on customer’s account (including merchant) and financial activities to detect suspicious patterns, unusual activities, potential financial crime activities (i.e. money laundering, terrorism financing, sanctions breaches, and other unlawful activities).
• Utilize tools for transaction monitoring and conduct in-depth investigations on alerts and flagged cases.
• Conduct searches, perform due diligence (i.e. name screening for Sanctions, PEP, Adverse News), gather data, record evidence via internal systems, public searches, commercial databases and inquiries to business units, or other stakeholders.
• Conduct research and gather additional information from internal and external sources to support the analysis and identification of suspicious activities.
• Prepare detailed findings and elevate suspicious alerts (including any potential unusual merchant behaviour identified during first-level review) as necessary to the second-level reviewer with complete narrative and justifications.
• Conduct timely review of customer transaction triggered by external parties.
• Liaise and collaborate with internal stakeholders (e.g. Fraud, Risk, Operations, Legal) on to gather necessary information to assist in reviewing suspicious cases and ensure compliance with applicable regulations.
• Conduct review of Questionable Activity Report (QAR) as submitted by the Business Unit and assist Line Manager in ensuring timely, efficient and accurate reporting of Suspicious Transactions Report (STR) to BNM.
• Responsible for meeting all productivity and quality standards and KPIs for the team.
• Identify risks and process inefficiencies, collaborating with the team to find solutions and implement the gaps closure.
• Build and apply knowledge of money laundering processes, sanctions or laws / regulation(s) in daily reviews.
• Stay updated on AML laws, regulations, and industry best practices to ensure compliance and contribute to the development and improvement of transaction monitoring processes and procedures.
• Consolidate data, statistics and trends updates for reporting to senior management.
• Assist in the development and implementation of AML training programs for employees to enhance awareness and understanding of money laundering risks and prevention measures.
• Undertake any other reasonable duties assigned by Line Manager / Head of Compliance / Management as and when required.

Requirements

Seniority level

Associate

Employment type

Full-time

Job function

Quality Assurance, Customer Service, and Accounting / Auditing

Industries

Banking, Investment Banking, and Financial Services

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