Responsibilities:
- 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 clearance of sanctions alerts and escalations relating to trade finance transactions
- 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.
- Follow up on media reporting that requires review of customers’ transactional behaviour.
- Assist with any other tasks as assigned by the TM team lead from time to time.
- To act as backup to TM Team Lead when required.
Requirements:
- Recognized Bachelor degree or above, preferably in Business or related discipline.
- At least 4 years’ experience in banking industry, and 3 years in Transaction Monitoring.
- 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.
