Financial Investigations Unit - Consultant

Job Specific Accountabilities

Support VP, FIU with the following activities:

• Investigate internal STRs (ISTRs) that have been raised to the MLRO team from different sources
• Analyze the ISTR’s including but not limited to reviewing all documents provided by the reporting party, seek additional feedback as required from FLOD Operations or Business in order to make a sound judgement on the cases
• Prepare a comprehensive proposal for MLRO or designate giving proper recommendations and risk mitigations
• Ensure MI of STR’s reviewed is maintained and kept up-to-date at all times
• Based on MLRO or designates feedback, raise the case in reporting system or close the case internally with proper documentation
• Track and manage all recommendations that have been made to the business or by MLRO or designate on the cases
• Track and manage regulatory responses on filed STRs and determine whether all risk mitigations are executed.
• Engage with Business Compliance as required to resolve the cases
• Review and propose changes to scenarios, rules and thresholds in the transaction monitoring systems, processes and practices based on risks and control deficiencies identified.
• Stay abreast of related AML/CFT laws, rules, regulations and best practices pertaining to transaction monitoring and STR filling.
• Support in execution and program management of financial crime related projects as per the project guidelines set by the compliance governance department.
• Prepare responses to the AML questionnaires requested by correspondent banks.
• Oversee and effectively manage reported unusual activities and suspicious transactions
• Ensure timely reporting of unusual activities and suspicious transactions to the MLRO and Regulatory Authorities
• Ensure Compliance expertise is provided in activities related to data migration into new systems identified
• Ensure regulatory matters are attended in a prompt and efficient manner
• Provide adequate support to stakeholders to assist identify and report suspicious transactions
• Proactively anticipate and assist business manage the emerging AML typologies
• Build and maintain good relationships with businesses to create a seamless environment culture
• Assist with any ad-hoc tasks that may be assigned by Line Manager or MLRO