Senior Associate/Associate, Transaction Surveillance

Business Function

Group Legal, Compliance & Secretariat (LCS) ensures that the bank's interests are protected by zealously guarding and enhancing its reputation and capital. We also work to maintain a good standing with all our regulators, customers, and business partners. Because we believe that at the heart of business banking is to uphold the values of trust and integrity for all our stakeholders.

Responsibilities

1. Ensure all investigations triggered by Unusual Activity Escalations (UAEs), transaction surveillance system alerts and Suspicious Transaction Reporting (“STRs”) are handled and actioned in a proper and timely manner

• Ensure all the investigations of the alerts generated by the automated transaction surveillance system and unusual activity escalations are performed in line with the applicable procedures and guidelines.
• Ensure the investigations are conducted and concluded within the specific turnaround time.
• Achieve the target completion rate of investigations as agreed by the Transaction Surveillance Unit and Financial Crime & Security Services (“FCSS”).
• Exercise a sound judgement in case disposition and ensure a decision is made with reasonable justifications documented.
• Timely prepare and submit the STRs for Money Laundering Reporting Officer’s (or his delegates) review.

2. Collaborate with Business and Support Units in Managing AML/CFT risks

• Ensure effective communications with Business or Support Unit to facilitate responses to Request For Information (“RFI”) process and deliver concise investigation outcomes with appropriate recommended actions.
• Assist Team Leads and seniors in responding queries about the investigations and related risk mitigation measures raised by Business or Support Unit in a proper and timely manner.

3. Assist in Developing and Enhancing Process, Governance & Control and Risk Management

• Assist in the rollout of the transaction monitoring-related projects and investigative tools (e.g. participate user acceptance test) and propose control or process improvement, enhancement and simplification.
• Provide feedbacks on the existing process to improve work efficiency and quality.
• Assist in performing governance & control to achieve the performance target in line with the applicable procedures and guidelines.

4. Assist in handling and sharing of external intelligence from the Industry Peers and Legal Enforcement Agencies (“LEAs”)

• Timely handle the intelligence from the industry peers and LEAs to identify and manage potential risks posing to the Bank and escalate significant issues to seniors in a swiftly manner.
• Perform network link analysis with the intelligence from the industry and LEAs to identify other suspects followed by risk mitigation actions.
• Share internal intelligence with the industry peers as well as internal stakeholders.

Requirements

• Relevant degree or certification in finance, compliance, or a related field
• Minimum 3-5 years of experience in transaction monitoring, financial crime prevention, or compliance
• Strong analytical and problem-solving skills, with the ability to identify patterns and trends in complex data
• Excellent communication and interpersonal skills, with the ability to effectively collaborate with cross-functional teams
• Thorough understanding of regulatory requirements and industry best practices related to anti-money laundering, counter-terrorist financing, and financial crime prevention
• Proficient in the use of data analysis tools and techniques

Apply Now

We offer a competitive salary and benefits package and the professional advantages of a dynamic environment that supports your development and recognises your achievements.

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