JOB SUMMARY
Assists the Section Head in managing the alerts generated by the bank's AML transaction monitoring systems.
DUTIES & RESPONSIBILITIES
- Assist Section Head in the annual planning and monitoring of attainment of goals.
- Lead the team in the review of AML alerts, including monitoring of outstanding alerts, and conducting daily final assessment on all disposed alerts by the Alert Analyst Level 1 to ensure complete and adequate justification. This includes immediate escalation of customers and accounts with suspicious transactions and/or adverse findings.
- Shall create, test and implement AML Scenarios to capture emerging threats related to money laundering.
- Perform Quality Assurance review for closed alerts generated by FCRM and Compliance Analytics.
- Reviews and checks the drafted reports for submission to the Money Laundering Evaluation Committee and created Suspicious Transaction Reports for transmission to AMLC.
- Evaluate and ensure customers and non-accountholders subject of AML related cases and adverse news are investigated and included in the AML Private list.
- Direct the team establish accurate and complete records of cases, reports and customers risk classification.
- Draft reports to Audit Committee on the results of analyses of alerts, the number of cases reported, number of clients/non-clients enrolled in the AML Private list, and the list of blacklisted clients with active accounts that are for closure or with approval of retention.
- Act as subject matter expert or consultant on AML-related matters. The officer is expected to display expertise in evolving AML typologies and comprehensive understanding of the AMLC Registration and Reporting Guidelines
SKILLS & QUALIFICATIONS
- Bachelor's degree in business or any related courses
- At least 2 years work experience in Anti-money laundering, banking operations or processes or internal audit.
