1. Perform post transaction monitoring (“TM”) reviews on alerts triggered from the automated system to identify any money laundering or financial crime red flags in the Bank’s customer base (Retail Banking, Corporate Banking, Loan Syndication, Financial Institutions, Custodian, Wealth Management), within the established SLA timelines.
2. Conduct holistic evaluation on post TM alerts and customers’ response to RFIs (if any), propose STR filings or other AML control measures to AML Supervisor.
3. Perform name screening on counterparties relating to the transaction alerts.
4. Perform profiling of customers highlighted through the TM alert process.
5. Ensure accurate, complete and up-to-date documentation to provide evidence of decisions and reasoning based on the facts and the potential money laundering risk identified.
6. Liaise with relevant 1st line of defence departments to obtain supporting document(s) and provide guidance to them in understanding the transaction red flag(s).
7. Monitor the transaction alerts pipeline and report periodic clearance/outstanding status to the AML Supervisor, Head of Department and Branch Management.
8. Perform periodic assessment including enhancement proposal to automated TM System, development of new TM models, system tuning of models/parameters/thresholds, conduct UAT etc.
9. Investigate and manage the resolution of any TM system-related issue.
10. Conduct relevant AML-related Compliance/QA testing and monitoring reviews.
11. Clear triggered hits in AML screening system(s).
12. Maintain the internal Branch Watchlists in various AML screening system(s).
13. Draft STR filing, where required, and seek internal approval.
14. Any other matters as assigned by the AML Supervisor and Head of Department.
