AML Analyst

The role is an entry-level position under AML/CFT team, and the candidate shall be responsible for the analysis, review, investigation of screening alerts to identify any Targeted Sanctions Hit.

Requirements:

• Understanding the applicable Anti-Money Laundering, Countering Financing of Terrorism, Countering Proliferation Financing and Targeted Financial Sanctions (AML/CFT/CPF and TFS) Framework Policies and Procedures
• Adhere to data protection policy, procedure, regulatory requirements and maintain strict level of confidentiality/ discretion when handling confidential customer information and documents.
• Timely execution of AML/CFT/CPF and TFS procedures to ensure that all Name Screening are in line with applicable AML/CFT/CPF and TFS regulatory requirements.
• Perform ongoing reviews on customer profiles and update information to allow updates to the Customer’s Risk Rating and Customer Risk Profile.
• Perform review and investigation of Name Screening alerts generated by name screening system to ascertain if there are matches against sanctions/adverse news/politically exposed person profiles where true/potential matches are noted for escalations.
• Perform risk-based reviews on name screening cases, analyse trends and mitigate ML/FT/PF and TFS risks with clear and concise narrative.
• To provide timely and efficient report escalation, upon completion of assessment/ review, any potential true match or confirmed true match for next level review/AML Manager.
• Perform further investigations, provide analysis and documentation as needed for due diligence process.
• Ensure timely submission and deadlines established are met accordingly.
• Provide advice from an AML/CFT/CPF and TFS perspective on issues escalated by the Business or other stakeholders accordingly.
• Escalate ML/FT/PF and TFS concerns, or any significant Sanctions hit to senior management
• Undertake other such reasonable duties as required by the Manager/Department/Management.

Requirements:

• University graduates in any field with minimum of 2 years of relevant experience in financial institution.
• Recent working knowledge of AMLA legislation and regulatory requirements with 2 to 3 year or more of experience in AML Name Screening and Transaction Monitoring or fraud detection is an added advantage
• Basic knowledge of laws and regulations, guidelines relating to anti-money laundering and sanctions particularly AMLA 2001 and Bank Negara Malaysia policy document on AML/CFT/CPF and TFS for Financial Institutions. Knowledge on e-money industries will be an added advantage.
• Strong self-motivating person with good communication, interpersonal and analytical skills.
• PC proficiency, including Microsoft Office applications.
• Effective verbal and written communication skills
• Ability to critically think and assess complex issues
• Proactive, organized, and ability to work independently with minimal supervision.
• Must be able to manage and complete multiple tasks on time.
• Understanding appropriate escalation and follow-up methods when potential ML/FT/PF and TFS risk is identified.
• Ability to independently refer to policies and procedures and put into context with regards to this role.
• A good team player and willing to assist team members/team manager whenever required.