Spclst, AML/CFT Monitoring

RHB Banking Group

Kuala Lumpur

MYR 30,000 - 60,000

Job description

Leverage escalation findings from Level 1 and Level 2 investigation team either manual or automatic cases to conduct holistic investigation on customer’s trading activities including individual and corporate and to assess for any suspicious activity, pattern or behavior found in the trading account.
Utilise various internal and external systems and databases to assist with the investigation and research on the potentially suspicious customer.
Further liaise/communicate with other stakeholders such as Branch Compliance Officer (BCO) or Business Unit (BU) to obtain relevant information for the purpose of developing a comprehensive investigation report.
Document and report the investigation findings and prepare case file with supporting evidence and documentation to maintain effective record keeping.
Produce well-written reports detailing and analysing the potential suspicious activities and make determination whether to close the case or file for Suspicious Transaction report (STR) within prescribed SLA.
Stay abreast with current AML/CFT issues including industry best practices, policies, procedures and current AML trends as well as provide insight and recommendations on improving quality of work or how to reach optimal efficiency in current processes.
Conduct regular assessment on the relevant red flags against the latest AML/CFT typologies.

Understanding the STR guidelines and report submission process to Bank Negara Malaysia (BNM) through FINS.
To be aware of the different turn-around-times of the processes that need to be adhered to and record keeping requirements.
To update STR register and track SLA.
To prepare monthly management report for compliance presentation.

Identify learning themes for investigators based on actual escalation and work with trainers and quality assurance teams to produce learning materials.
Provide coaching and guidance to colleagues/stakeholders on matters pertaining to AML/CFT.
Provide training support and guidance to team members and AML/CFT Operations Service Partner (AOSP) on identification and reporting of suspicious transactions.
Maintain a current understanding of money laundering and terrorist financing issues, including policies, procedures, regulations, industry best practices, criminal typologies and developing trends.

To undertake any task assigned by Manager and Department Head.
To participate in ad-hoc projects, tool development projects as well as in drafting of procedures in relation to monitoring of transactions.
Contribute to the transformation of workflow and practices to enhance and innovate the AML/CFT investigation process.
Assist with money laundering related queries/questionnaires received.
Assist in identifying systemic procedural weaknesses and additional training requirements for the Investment Bank.