Assistant Manager, Transaction Monitoring (L1)

Summary
Responsible for assisting with risk and compliance reviews in coordination with the broader Financial Crime Compliance (FCC) department team. The overall objective is to utilize basic Anti-Money Laundering and Counter Terrorism Financing (AML/CFT) knowledge to independently review, analyze and conduct effective due diligence and investigations on higher risk cases that may be a potential risk to the Bank.

Duties and Responsibilities

1. Alert Management
• Assist with the investigations and research into potentially suspicious clients using various internal and external systems and databases.
• Summarize, in writing, clear and concise findings of the investigation. Ensure to dispose a case in the AML system
• Ensure suspicious activity being escalated to STR team within timely manner.
• Inform management of issues that require escalation and interact regularly with various lines of business, other analyst/management regarding accounts currently under review.
• Appropriately assess risk when decisions are made when reviewing the alerts.
• Follow up with additional points of contact as needed to identify additional information (such as branch, other units) in support of the case.
• To achieve target set of 40 – 60 alerts/ > more or 100%/more on monthly basis.
• Ensure nil/less than 100/<50% of the alerts of rejection from the Quality Assurance (QA) sampling size on monthly basis.
• Ensure to meet gradual target set (new hire)
2. Change Management Objectives
• Participation in training sessions and meetings – Ensure adherence to participate in the training and meeting sessions.
• Training – Ensure to achieve minimal credit hours on online training set by the Human Resource (HR) team.
• Policy or Cultural changes – Adapting on the any new policy or cultural changes within the team/Bank
• Ensure minimal unplanned absenteeism.
• Ensure effective participation during team meetings and discussion.
3. Ensure adherence and compliance with all internal policies/guidelines and external regulatory requirements.
4. Any other duties/assignment as and when directed/assigned by the superior as per business requirement from time to time.

Specific Skills/Knowledge and Certification Required

• Good exposure and experience of working in the related areas i.e. Banking and fast-moving environment.
• Strong managerial skill.
• Good communication, writing skills and interpersonal skills.
• Be an assertive and innovative team player, highly independent, committed, self-motivated, resourceful and result oriented.
• Ability to perform a variety of functions at various levels internally & externally.
• Ability to multi-task, highly numerate with great attention to detail.