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Department : FCSU - Transaction Monitoring Role Title : Senior Analyst
Business Title : Senior Analyst, Transaction Monitoring Grade : Grade C (Band 9A)
Reporting Relationships :
Reports Directly to : Associate Manager / Manager, Transaction Monitoring Reports indirectly to : Not applicable Direct Reports : Not applicable Indirect Reports : Not applicable
Committee appointments : Not applicable Regulatory relationships : Not applicable Principles statues/regulations affecting the Bank : Proceeds of Crime Act, Serious Organised Crime and Police Act, Terrorism Act, Counter Terrorism Act, Money Laundering Regulations 2007, Financial Transaction Reporting Act, JMLSG Guidance Notes, the combined FCA and PRA handbook. SCB's internal policies and procedures on AML and Sanctions Key Stakeholders : FCC in Country, Regional FCC, Relationship Managers, Sanctions Advisory (Group and Region), Internal Stakeholders
Language Proficiency: Mandarin
The primary purpose for the Analyst of the Monitoring NCB (non correspondence banking) team within the FCSU is to perform surveillance activities to detect Money Laundering or Terrorist Financing activities by focusing on the initial assessment of risk events as first stage in the AAA (Assess, Analyse, Act) process.
Assess risk events, created by the Monitoring systems or created manually, to identify unusual customer behaviour and escalate such unusual patterns for Analysis. Perform the assessment in accordance with the procedure laid down in the AAA processes and Country Addendum. Processing of pre-cases should be within the turnaround time (TAT) and should adhere to the quality guidelines.
Share best practices with peers and support in creating a 'FCC Risk Management Culture of Excellence'.
Ensure Technology / Risk issues identified are reported and escalated to the Manager in a timely manner.
Ensure regulatory requests received from country relating to AML are promptly attended to.
Complete all mandatory e-learning modules within stipulated timelines and attend trainings for which nominated
Uphold the values of the Group at all times
Assist the Associate Manager / Manager in BCP / DR testing in addition to taking appropriate measure for managing crisis situation.
Assist the Associate Manager / Manager in Service management of the surveillance service to the countries.
Specialise in the identification of unusual customer behaviour of the Monitoring NCB customer segments being Retail, Private Banking and Corporates.
Work in Shift according to Business requirement. Adhoc Responsibilities
Participate in testing and other activities required for the running of the unit.
Assist in preparation of various MIS.
When required by the Business, act as the backup for the Senior Analyst.
Cooperate and support the management in implementation of any other initiative that may arise during the year.
Category Competency Proficiency Level Compliance Governance, Frameworks and Models Partner with the business to make decisions based on the knowledge and interpretation of current and possible future policies, practices, trends and information of financial crime Core Implement Identification, Monitoring, Testing, and Reporting Partner with Business and Operational Risk to identify and mitigate financial compliance risks Core Resolve escalation of potential suspicious activities Core Manage and Mitigate Risks Conclude investigations of potential and actual non-compliant activities Intermediate Review system safeguards and recommend process enhancements Entry Surveillance Detect and confirm patterns of behaviour by analysing structured and unstructured data including large data volumes. Intermediate Leadership Deliver Sustainable Entry Take the lead Entry
Additional Specific Role Requirements :
Two to Four years of experience working in any of the following departments: o AML and Terrorist Financing Surveillance o or Screening (name or transaction) o or banking operations o or in analysing structure/ unstructured data for a multi-national bank.
Knowledge on Financial Crime Compliance and banking: o Good understanding of banking products and related transactions with a special focus on at least one of the following customer segments: Retail, Private Banking or Corporates. o Understanding of the fundamentals of Money Laundering typologies and techniques, Sanctions regulations and guidelines o Has an overview of the end -to-end monitoring process flow o Understands operational risks and controls o Experience with AML surveillance systems such as Mantas or Detica.
Other tools and techniques: o Able to analyse data trends and out of pattern activities with guidance from tenured team members o Has working knowledge on Internet, MS Office Suite and is able to use this knowledge effectively at work
o Facilitate collaboration, networking and alignment within and across teams o Builds the culture of coming up with solutions than problems o Seek and apply best practices and ideas
Excellent communication in English (articulation and writing).
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Standard Chartered is committed to diversity and inclusion. We believe that a work environment which embraces diversity will enable us to get the best out of the broadest spectrum of people to sustain strong business performance and competitive advantage. By building an inclusive culture, each employee can develop a sense of belonging, and have the opportunity to maximise their personal potential. The signed job description should be part of the functional job library and be used for P3 objective purposes, development needs, and hiring requirements as needed.
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Internal Number: 4664269
About Standard Chartered Bank Malaysia Berhad
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