Responsibility:
- Responsible for leading a team of transaction monitoring in the day-to-day execution of transaction monitoring
- To understand Tranglo's ML/TF risk drive the development and enhancement of the Company’s transaction monitoring program, using trends and analytics results
- To collaborate closely with the Business Analytics, Operations, and IT teams, as well as the Customer Due Diligence and AML Program Management teams, to ensure that day-to-day operations comply with regulatory and legal requirements, in addition to company policies and procedures.
Job Description
- Act as Subject Matter Expert for the transaction team of analysts.
- Ensure day-to-day transaction monitoring are conducted in compliance with regulatory and the organization’s policies and procedures.
- Oversee the real-time transaction monitoring for:
- Transactions hit sanction lists
- Transactions hit monitoring rules/parameters
- Oversee the post transaction monitoring in relation to:
- Suspected transactions related to ML/TF & TFS activities detected through the company’s transaction monitoring system
- The analysis of transactional activity to identify unusual/suspicious activity based on AML red flag / typologies knowledge.
- Independent research and analyze data on transaction surveillance alerts using various internal and external systems and databases
- Ensuring appropriate documentation of the rationale for closure/ escalation of the transaction surveillance alerts.
- Alert clearance and constantly being aware of new ML/TF trends and threats to the company
- Reporting:
- To oversee/monitor the escalation, review and submission of STRs
- Prepare periodical management information in relation to transaction monitoring for senior management/regulatory reporting
- Transaction monitoring process enhancements / SOP updates:
- To continuously improve the quality of alert review and ensure work meet deadlines.
- Utilize pertinent information and ensure appropriate documentation of the rationale for closure/ escalation of the transaction surveillance alerts.
- Responsible for review and recommendations for revisions to Tranglo’s transaction monitoring procedures, and review of procedures to ensure alignment to Tranglo's AML Policy including the expansion of transaction monitoring requirements and standards that correlate with Tranglo's business model
- Analyzing and improving the operational processes of transaction monitoring and recommending solutions to increase efficiency and effectiveness
- Participating in business projects and new product evaluations related to Periodic Transaction Review
- Communicate with external entities to request information related to the real-time and/or post transaction monitoring that hit EDD monitoring thresholds.
- Communicate with internal entities, including senior managers and other Tranglo AML monitoring units to ensure findings are incorporated in all aspects of the AML control program
- Developing and maintaining positive relationships with key stake holders, regional, and country Compliance, Operations and Technology
Skills and competencies:
- KYC and CDD/EDD experience, including good understanding of various corporate structures
- General and broad understanding of key AML and reputational risks, including PEPs and Sanctions.
- Knowledge of international and regional AML laws and regulations and FATF recommendations
- Understanding of emerging markets and high risk industries
- Understanding of cash management products and correspondent banking.
- Excellent communications abilities as a communicator, including top-drawer written skills
- Excellent interpersonal and team-building skills
- Significant attention to detail
- Ability to work simultaneously with multiple conflicting priorities, timelines and stakeholders
- Commitment to co-operative and collaborative working
- Practical ability to apply and communicate legal and regulatory requirements to day-to-day activities.
- Excellent judgment and assessment skills; proactively employs personal curiosity to identify and research parties using a risk-based approach.
- Demonstrate flexibility and willingness to accept new assignments/project and challenges
- Monthly reporting to the management
Requirements:
- 4-6 years years’ work experience directly related to complex and sensitive investigations, or any combination of AML, fraud, financial irregularities, etc.
- Strong experience in transaction monitoring.
- Prior team management experience.
- Minimum Bachelor’s degree or equivalent required. MBA degree desirable
- Knowledge of AML/CFT regulations and trends. ICA/ACAMS certificate desirable.
- Excellent oral and written communication skills. Comfortable in presenting to both their team and senior leadership
- Ability to articulate thoughts in a clear and concise manner
- Ability to operate in a fast paced environment driven by deadlines
- Ability to multitask and is comfortable with ambiguity
- Ability to develop strong relationships internally and externally, especially with law enforcement
- Proven leadership skills
Malaysian only