Compliance AM/DM (Transaction Monitoring)

Responsibilities:

• Review and Validate Transaction Monitoring Alerts: Act as a checker, meticulously reviewing and validating the analysis performed by makers on alerts generated by the TM system and non-automated cases involving potential financial crime or money laundering risks. Ensure suspicious transactions are thoroughly investigated and Suspicious Activity Reports (SARs) are prepared accurately and submitted within regulatory timelines.
• Examine Trade Finance Transactions: Carefully review trade finance transactions exhibiting red flags or risk indicators to identify potential issues.
• Prepare Suspicious Transaction Reports (STRs): Draft and file high-quality STRs when suspicious activities are identified.
• Support System and Process Enhancements: Actively engage in initiatives, such as collaborating with external consultants for independent reviews (e.g., TM system evaluations) and refining monitoring rules and thresholds to enhance detection accuracy.
• Drive Continuous Improvement: Proactively identify and propose enhancements, simplifications, and control improvements to transaction monitoring processes, contributing to operational excellence.

Requirements:

• Minimum of 4-5 years of experience in Transaction Monitoring (TM) and AML/CTF compliance, ideally at least 2 years in a checker or supervisory role within a financial institution
• Bachelor degree holder in Law, Finance, Business Administration or related discipline
• Knowledge of AML/ CFT compliance and relevant regulatory requirements
• Relevant qualification in CAMS / AAMLP / CAMLP
• Good command in both written and spoken English, Chinese, and Mandarin
• Good analytical, interpersonal and communication skills with flexibility and adaptability to changes
• Prior experience in system development project and data analysis tools (e.g., Excel, SQL) would be an advantage
• Working experience in Taiwanese Bank is a plus
• Holder of professional certificate under the ECF/ QF/ issued by any industry institutes, professional bodies will be a definite advantage