AML Transaction Monitoring Assistant Manager

AML Transaction Monitoring Assistant Manager

Compliance & Risk (Banking & Financial Services)

Full time

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• Review and revise AML transaction monitoring and threshold to ensure its overall efficiency and effectiveness.
• Perform scenarios and threshold recalibration for SAS, MIS reports etc.
• Work on an automated Transaction Monitoring system, ensuring the optimization by customer type segmentation, typology and rules, and alert thresholds.
• Involve in the development, tuning, maintenance, scenario optimization, customization and calibration of transaction monitoring rules to ensure current and future high-risk AML activities are identified and escalated properly.
• Perform statistical analyses of raw data using tools such as SQL, SAS, or Excel to identify trends and behaviors that present AML risk Identify and report data quality issues that may impact AML monitoring efficiency and effectiveness.
• Analyze and interpret data to draw conclusions and make recommendations to address specific business needs, latest ML/TF trends or regulatory requirements.
• Enhance existing metrics, refine thresholds, and propose new metrics to measure AML performance and risks.
• Ensure compliance in the development and execution of technology governance and optimization.
• Identify and properly remediate regulatory issues in a timely manner including developing remediation plans to address AML monitoring systems related findings.

Job Requirement:

Education/Professional Qualifications

• Bachelor’s degree or equivalent experience in MIS, Statistics or related field
• Professional qualification is data analytics is preferred.
• Certified Anti-Money Laundering Specialist (CAMS) or equivalent compliance profession is an advantage.
• Strong grounding in Financial Crime, and working in global AML environment 
• 5+ years of experience in data analytics 
• Preferably 2+ years of experience working with Anti-Money Laundering, Compliance and/or Risk Management.
• Demonstrated experience using Excel's advanced functions including use of pivot tables and additional analysing tools such as SQL, SAS, etc is an advantage.

Personal Attributes & Characteristics

• Ability to manage significant workload independently and effectively
• Ability and experience working in a fast paced, high pressure environment
• Pleasant personality and good working attitude

Knowledge/Tools/Skills

• Strong analytic and problem-solving skills
• Strong knowledge of Excel including advanced functions such as formula based data manipulation, advanced table lookups, pivot tables and VBA
• Subject matter expertise in Transaction Monitoring to support assessment of risk, ensure rule requirements are clear and provide direction in prioritising rule tuning and implementation of the systems.

Established in 1912, Bank of China is the oldest bank in China. It has been ranked one of the world's top banks in terms of core capital by The Banker. Bank of China has been included in the Fortune Global 500 for 13 consecutive years. Bank of China is the first and the only Chinese bank that has presence in all major continents. At the present the bank offers financial services through its global network of over 560 overseas offices in 25 countries and regions. We are inviting qualified candidates to join us as:

Established in 1912, Bank of China is the oldest bank in China. It has been ranked one of the world's top banks in terms of core capital by The Banker. Bank of China has been included in the Fortune Global 500 for 13 consecutive years. Bank of China is the first and the only Chinese bank that has presence in all major continents. At the present the bank offers financial services through its global network of over 560 overseas offices in 25 countries and regions. We are inviting qualified candidates to join us as:

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