In this role, the shortlisted candidate will be responsible to review certain types of compliance screens such as sanctions screening, KYC screening, as well as potentially reviewing and monitoring transactions and activities to determine any AML red flag. This position may analyze customer relationships, documentation, activity patterns, and transactions to detect potential suspicious activity through the monitoring systems to identify potential regulatory, or terms of service violations by customer. Specifically, when items have been identified to potentially be outside of expected norms, the analyst will bring up to management cases requiring further investigation.
The candidate will have to be responsible for:
Reviewing Transactions monitoring alerts and performing sanctions screening for customers and related parties in AML/KYC space.
The comprehensive investigation of potential suspicious money laundering activity and terrorist financing
Handling aging alerts and any other operation issues
Reviewing and drafting transaction monitoring guidelines and procedures and providing advice on completing internal suspicious activity reports to be brought up to Compliance.
Sanctions screening and document verification
Collaborate with multiple functional areas to investigate cases and acquire information
Review policies and procedures, regulatory compliance training for compliance with applicable laws and regulations including OFAC/ HMT, suspicious activity reporting (SAR) and KYC regulations
Interpret evidence from multiple tools and systems to determine legitimacy of customer behavior across multiple products
Assist with monitoring and tracking incidents to ensure resolution occurs within the customer Service Level Agreement
Solve routine problems, largely through precedent and referral to general guidelines
University graduate in any discipline
Meaningful experience should be in back office work, compliance, investigation, AML/KYC, audit review and/or account review
Microsoft Office, internet, and computer skills!
Experience in AML and KYC in the transaction monitoring and Sanctions screening space
AML investigatory experience and analytical skills.
The resources are encouraged to process alerts for suspicious transactions from AML perspective!
Experience in sanction screening, Know Your Customer (KYC), document verification (IDs, bank details, company registries)
Outstanding analytical and investigative skills combined with the ability to navigate through ambiguity in a fast-paced, multifaceted environment
Understanding of Sanctions, PEP and other watchlist list which is required to perform core job for alert clearance
Ability to independently research, analyze, and recommend solutions to close open items and discrepancies
Excellent understanding of AML/KYC terminology
Knowledge of watchlist/media alert monitoring activities
Should have experienced in using Actimize, RDC, Fortent, Norkom, Lexis Nexis, Bridger XG, SIEBEL and Dow Jones etc.
Good experience in MS-Office applications like Excel, Word, Power point, Outlook etc.