Senior Officer - Transaction Monitoring and Screening

To avoid any financial, reputational and sanction risk by ensuring customer transactions are in line with customer profile taking into consideration Compliance policies and Regulatory requirements. Responsible for handling Anti money laundering and Screening alerts / cases & investigation.

AML Transaction Monitoring

• Conducting transaction monitoring to identify suspicious and unusual financial activities.
  

• Analyze the transaction filtering / monitoring (AML) alerts within turnaround time, including communication of AML low risk alerts to relevant business segments.
  

• Investigating and analyzing alerts, closing alerts based on Business feedback and escalating cases where necessary
  

• Conduct enhanced due diligence investigations on AML alerts for suspicious transaction activity, gathering evidence and concluding the alert with proper comments / justification / customer profile.
  

• Create cases for suspicious AML alerts, raise RFI to business and maintain proper follow- up, until the case is concluded
  

• Escalate unresolved AML alerts and cases to Compliance Management within the defined timelines
  

• Draft STRs to the regulators
  

• To conduct AML investigation for cases forwarded by different departments / correspondent banks / Regulator.
  

• Analyze and respond to Customer Name Screening, SWIFT and Non-SWIFT (EFT, Bank Drafts etc.) Screening alerts, generated by screening systems, within the required timelines.
  

• Analyze and communicate any unusual remittances, while performing SWIFT and Non-SWIFT related payment messages and raise issues accordingly
  

• Investigate and escalate appropriately, to both internal or external stakeholders, true sanctions matches and blocked/rejected payments.
  

• Maintain updated logs for tracking of stripped payment messages, payments blocked/rejected over Sanctions concerns and true sanctions match logs.
  

• Perform monitoring checks to ensure that full originator and beneficiary information is included in outgoing & Incoming payment messages including monitoring of stripped payment messages
  

• Perform and/or assist the Trade Operations Unit in shipment and vessel tracking, as well as IMB checks.
  

• Action escalated cases from the Trade Operations Unit
  

• To be able to complete the assigned task within the deadline
  

• Maintain and update all logs, effectively managing follow-ups, preparation of MIS of pending AML/Screening alerts, queries and other activities for AML Management reporting.
  

• Provide suggestions for enhancement of AML / Sanction screening or other compliance related systems and processes.
  

• Optimizing transaction monitoring and payment screening systems by tuning rules and scenarios to reduce false positives and improve detection.
  

• Supporting implementation of audit and regulatory compliance recommendations.
  

• Leading or assisting in transaction monitoring and screening projects, while ensuring communication with relevant stakeholders at enterprise-wide level.
  

• Support the unit in terms of providing Backups, as and when required
  

Key Relationship (Internal & External)

Internal: All Business/Support functions

Job Complexity/Judgment

• Ability to analyze customer behavior and make judgment on whether these are considered regular or suspicious.
  

• Ability to escalate any Red Flag for further investigation.
  

• Ability to achieve the target or goals assigned by the management.
  

• Ability to liaise with internal/external stakeholders to optimize and maximize business opportunities.
  

• Ability to ensure designated projects are completed on time.
  

• Ability to Identify and define problems and draw valid and effective solutions.
  

Job Specification

• Budgeting and Forecasting
  

• Compliance Policy design and development
  

• Governance and Risk Management
  

• Sanctions Compliance Management
  

• Sharia Principles
  

• Anti Money Laundering
  

• Risk Management
  

• Business & Strategic Acumen
  

• Ownership & Accountability
  

• Change & Innovation Agility
  

• Plan & Execute to Excel
  

• Develop Self & Nurture Teams
  

• Digital Mindset
  

• Forster Synergy
  

• Interpersonal Effectiveness