Transaction Monitoring [TM] Remediation (Lookback) Medior Analyst [6-12 months]
The TM Remediation (Lookback) Medior Analyst offers expertise to the complete TM value chain for multiple ING business lines. The focus of the role is in supporting all TM Remediation Funnel processes when and where needed.
Working with the central TM Remediation Pillar Lookback Execution Team and supporting others investigators in the team, you will:
- Be primarily responsible for alert investigation on a retroactive review of activity, known as a Lookback.
- Perform risk-based investigations on complex transaction monitoring alerts and cases, identifying activity that could be indicative of money laundering, terrorist financing and tax evasion, following ING's Global Standard TM Investigation Process and Procedures.
- Analyse customer and transaction information to assess whether alerted activity is or is not normal in the context of what is known about the customer and who they are transacting with, conducting additional background research as appropriate.
- Within the ING procedural framework, use your own judgement based on your knowledge and experience to make risk based decisions as to what is or is not normal and therefore whether to refer the alert or case for further investigation and reporting to authorities.
- Document your investigations thoroughly and according to ING standards, by recording the details of the alert, the data you have considered, the basis of your conclusion and any evidence you have gathered that supports your conclusion.
- Maintain your primary focus on the quality and effectiveness of investigation, whilst also ensuring that your work and that of those you assist is completed in a timely fashion.
- Support the successful accomplishment of internal Risk Controls and Self-Assessment of policies, as they apply to the department Implementing integrated processes and procedures aimed at meeting internal and external regulatory or policy guidance.
Skills and attributes for success:
- Minimum 1-2 years of total work experience with a minimum of 6-12 months experience in TM or KYC/AML area, preferably in the banking industry.
- Wider understanding of how money laundering, terrorist financing and tax evasion are executed, why, the differences between them and their impacts.
- Understanding of Risk based approach.
- Self - motivated with the ability to make non rule - based decisions.
- Developed understanding of the global financial system and banking as well as the regulatory environment and the impacts of non-compliance.
- Fluent English, reading and writing.
- Professional certification (CAMS, CFE, ICA or equivalent) would be advantageous (but not required).
