The Senior Analyst is responsible for conducting a periodic review in line with client policy to fulfil Transaction Monitoring requirements. You will be expected to deliver against targets for both productivity and quality, managing your own pipeline and taking onboard feedback from approvers who are responsible for quality checking cases.
The responsibilities include:
•Requires ability to work to high standards of quality in performing Transaction Monitoring reviews in line with regulatory requirements. •Assess in a timely manner key AML/CTF risks, new and emerging risk patterns/typologies and technically support any proposed action in partnership with AML Compliance •Performing AML Transactions monitoring work across the various businesses within bank •Understand client policy and procedures and how to apply •Understanding information documentation requirements for corporate structures in TM context/ evidence requirements •Knowledge of corporate structures i.e., privately owned, or public companies, trusts and partnerships, escalations like SAR & UAR •Proactive review and follow-up on referrals and queries •Ability to determine needs for escalation to Subject Matter Coach (SMC)/Subject Matter Expert (SME) or to client •Manage caseload throughout end-to-end process in timely manner •Monitor actual performance to plan and make decisions to ensure business objectives are maintained •Source data from a number of external sources/systems and accurately transfer to primary system •Perform analysis of transactional data for suspicious activity, fraudulent transactions and money laundering patterns •Pull transactional records from bank system, conduct internal/external research on customers •Investigate findings to determine if the case can be closed or escalated for suspicious activity reporting (SAR) •Draft SAR narratives •Work on a daily/weekly number of cases •Will be provided a target / expectation of cases to clear •Report on daily production completion to Team LeadsEducational qualifications
•Bachelors DegreeWork experience
•3– 6 years of Business & Functional Experience in TM domain •Minimum one year experience with AML Transactional analysis of data, Anti-Money Laundering (AML) signals, Structuring, Experience writing Suspicious Activity Reports (SARs) •Experience performing AML investigations work in a bank or financial institutionMandatory technical & functional skills
•Operations background demonstrating good core knowledge of applying Transaction Monitoring within a financial institution with 3-6 years of relevant experience •Understand TM principles and how to apply within a review activity, Strong Understanding of AML Scenario logic and industry standards •Good technical knowledge of TM, Anti-Money Laundering (AML) and Sanctions, Screening, Terrorist Financing (CTF), Correspondent banking, non-Correspondent banking •In-depth research and analysis skills of complex and critical data in compliance, Strong working experience in AML behavior Detection Platform (Mantas , Prime ,Actimize , Etc) •Where necessary, file unusual activity reports with Anti -Financial crime Team/MLRO •Provide detailed MI to senior management monthly •Detail oriented, highly motivated to deliver results to the right standards and targetsKey behavioural attributes/requirements
•Ability to work well independently as well as part of a team •Driven and enthusiastic with a ‘can-do’ attitude and a strong sense of ownership to get the job done in a pragmatic fashion •Attention to details and ability to adapt to change •Highly motivated to deliver results to the right standards and targets •Demonstrate excellent analytical skills and problem solving, self motivation and possess an enquiring mind •Demonstrate good team working skills and the ability to work efficiently and accurately under pressure