AML/CFT Transaction Monitoring

The role is under the AML/CFT team, and the candidate shall be responsible for the analysis, review and investigation of transaction monitoring alerts to identify any Money Laundering, Targeted Financial Sanctions, Terrorist Financing and Proliferation financing cautionary flags. 

Responsibilities: 

• 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 Transaction Monitoring are in line with applicable as per the regulatory requirements. 

• Perform ongoing reviews on customer profiles and update information to allow updates to the Customer’s Risk Rating majorly for transaction monitoring related. 

• Responsible for reviewing customer's transactions to identify any AML/CFT/CPF and TFS cautionary flags. 

• Perform risk-based reviews on transaction monitoring 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 suspicious activities for next level review/AML Manager. 

• Perform further investigations, provide analysis and documentation as needed for due diligence process. 

• To assist to review and update transaction monitoring parameters. 

• 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 suspicious activities to senior management. 

• Undertake other such reasonable duties as required by the manager/Department/Management. 

Requirements: 

• University graduates in any field with minimum of 3 years of relevant experience in financial institution. 

• Recent working knowledge of AMLA legislation and regulatory requirements with 3 years or more of experience in AML Transaction Monitoring & investigation and 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 AML/CFT/CPF 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.