AML Transaction Monitoring Investigation (L2) Officer

POSITION PURPOSE

The Compliance function is at the heart of BNP Paribas’ risk management. One of the pillars of the Group’s internal control setup, Compliance teams work both independently and in close partnership with the Business to adapt to the evolution of the Group’s activities and the requirements of the regulators. Compliance teams contribute to maintaining the reputation of BNP Paribas and the trust of our clients, thanks to their strong control of non-compliance risks, allowing everyone to work with confidence.

The AVP Regional AML Advisory & Transaction Monitoring, will serve as a pivotal member of the APAC Compliance team, ensuring unwavering adherence to regulatory mandates and internal protocols. In the absence of the WM TM L2 Lead, this role will assume leadership responsibilities, overseeing case management, providing strategic guidance, and actively contributing to team initiatives.

Responsibilities

1. Identification and Management of Compliance Risks
   • Identifying and managing ML/FT risks by ensuring timely escalation to Compliance Management for overdue alerts, alert backlogs and alerts identified with ML/FT risks and implementing monitoring measures where required.
2. Timeliness of (alert) review
   • Ensure all alerts and escalations are reviewed in a timely manner, according to the review timelines stipulated in the relevant policies and procedures.
   • Ensure timely escalation of overdue alerts and suspicious transactions to the relevant teams.
3. Quality of alert review and comprehensiveness of closure comments
   • Ensure the law and spirit of the relevant policies and procedures are observed.
   • Ensure review and alert closures are conducted in line with the guidelines provided under the L2 SOP.
   • Timely remediation of second level control findings.
4. Transaction Advisory, MIS Reporting and other support
   • Provide transactional advisory to Front Office.
   • Review L2 Sanction-related client name screening alerts.
   • Provide support in maintaining statistics for AML-related reporting (e.g. Net Reveal, SSW and Fircosoft) to both internal and external parties.
   • Participate in the periodic review of scenarios and thresholds, in particular the calibration and testing, in liaison with IT support and Head Office.
   • Provide support on projects pursuant to management requests or necessitated by events such as local & global internal audits and periodic inspections by the regulatory authorities.
   • Maintain accuracy in all AML-related reporting (including TM statistics) and discharge the above duties in a responsible manner.

Technical and Behavioral Competencies

• Ability to work independently and meet deadlines.
• Experience in and strong understanding of AML, Sanctions, governance and regulatory control frameworks and best practices.
• Have a good knowledge of Policies, Procedures and Standards relating to Financial Crime Compliance, as well as knowledge of the local regulations and legislation on AML/CTF (e.g MAS626) and sanctions.
• Ability to act decisively and independently in situations requiring quick analysis and decision-making.
• Strong written and communication skills.
• Able to articulate issues clearly and confidently, as well as formulating solutions.
• Have to be comfortable in engaging internal and external stakeholders, and senior management.
• Strong analytical skills and an ability to prioritize, with a strong sense of urgency.
• Meticulous and have an eye to details.
• Good awareness of risks and controls: able to address conflicts and escalate risks/issues where appropriate.
• Strong client focus and able to work in partnership with various stakeholders to navigate complex and challenging cases/issues.
• Good understanding in WM/PB business and products.

Experience and Qualifications required

• A recognized degree in Banking/Finance/Accountancy or related qualifications.
• At least 7 years of experience in AML Transaction Monitoring, preferably for Wealth Management.
• Excellent working knowledge of APAC regulations as well as their practical application.
• Candidates with related AML Qualifications such as ICT diploma in AML and/or ACAMS will have added advantage.

Why joining Compliance as AML Transaction Monitoring Investigation (L2) Officer?

As an AML Transaction Monitoring Investigation (L2) Officer means being at the frontline of financial crime prevention. You will play a crucial role in identifying, investigating, and mitigating risks associated with money laundering, ensuring regulatory compliance, and safeguarding the financial system. With this role, you can leverage your analytical skills to make a tangible impact, gain exposure to complex global compliance frameworks, and grow your career within a dynamic and essential field.

SPECIFIC QUALIFICATIONS (IF REQUIRED)

• Relevant industry certification (e.g. ACAMS or ICA) preferred.