JOB PURPOSE
To investigate and report suspicious activity and transaction cases that have been referred by peers or external/internal stakeholders.
ACCOUNTABILITIES
Money Laundering/Financing of Terrorism Investigation and Analysis:
Monitor the daily investigation activities, detection of
transactions related to the crimes of money laundering; financing of terrorism and of illegal organisations in order to report suspicions to the Central Bank Financial Intelligence Uni1t (FIU) and cooperate with the Competent Authorities in relation to AML/CFT duties
Investigate suspicious cases referred by the AML Monitoring unit and cases raised by other external/internal stakeholders in order to ensure escalation of the AML process and support the reporting
of such suspicious cases to the Central Bank
Take final decisions and consult with the MLRO as
needed on suspicious activity reporting to Central Bank in
order to meet regulatory obligations
Develop and update regulatory and statutory reporting
programmes, such as suspicious activity report (SAR),
liaising with key stakeholders and third party service providers to ensure timely and accurate regulatory reporting
Attend to FIU queries on filed cases and attend to Law Enforcement meetings on filed cases in order to provide required information on specific investigations
Leverage data analysis platforms and review analytics/ modeling techniques in order to uncover abnormal financial transactions and complex relationships
Analyse trends and identify typologies in suspicious activity trends and suggest control enhancement in order to mitigate emerging AML/CFT risks
Reporting
Review and produce periodic reports and other Master Information maintained by the department, as required, in order to support the MLRO
System Management
Ensure ongoing review, assessment and enhancement of existing system parameters and thresholds in order to improve effectiveness and efficiency
Ensure AML model validation is performed to ensure it is calibrated to meet regulatory expectations and international standards
Minimum Experience: At least 5 years of experience/exposure to banking transactions, compliance, client acceptance and exposure to regulatory Anti Money Laundering requirements in a Bank
Minimum Qualifications: Bachelor's Degree in Finance, Accounting, Commerce or Business Administration
Knowledge and Skills:
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