Transaction Surveillance

DBS Bank Ltd; Hong Kong; On-site; HKD 520,000 - 900,000; Full time

Job summary

DBS Bank Ltd in Hong Kong is seeking a Compliance professional to monitor and investigate transactions under the bank's AML/CFT framework. You will handle UAEs, surveillance alerts and STRs promptly, applying sound judgment and clear documentation.

You will collaborate with Business and Support Units on RFIs, contribute to governance and control improvements, and share intelligence from industry peers and LEAs to mitigate risk.

Qualifications

• Relevant degree or certification in finance, compliance, or a related field.
• Minimum 3-5 years of experience in transaction monitoring, financial crime prevention, or compliance.
• Thorough understanding of regulatory requirements and industry best practices related to anti-money laundering, counter-terrorist financing, and financial crime prevention.

Responsibilities

• Ensure all investigations triggered by UAEs, transaction surveillance system alerts and STRs are handled promptly and with proper justification.
• Collaborate with Business and Support Units to respond to RFIs with concise investigation outcomes and recommended actions.
• Assist in developing and enhancing process, governance, control and risk management; participate in rollout of monitoring projects.
• Share intelligence from industry peers and LEAs and perform network link analysis to identify suspects and mitigate risk.

Skills

Analytical thinking

Communication

Collaboration

Education

Finance/Compliance degree

Job description

Business FunctionGroup Legal, Compliance & Secretariat (LCS) ensures that the bank's interests are protected by zealously guarding and enhancing its reputation and capital. We also work to maintain a good standing with all our regulators, customers, and business partners. Because we believe that at the heart of business banking is to uphold the values of trust and integrity for all our stakeholders.Responsibilities1. Ensure all investigations triggered by Unusual Activity Escalations (UAEs), transaction surveillance system alerts and Suspicious Transaction Reporting (“STRs”) are handled and actioned in a proper and timely mannerEnsure all the investigations of the alerts generated by the automated transaction surveillance system and unusual activity escalations are performed in line with the applicable procedures and guidelines.Ensure the investigations are conducted and concluded within the specific turnaround time.Achieve the target completion rate of investigations as agreed by the Transaction Surveillance Unit and Financial Crime & Security Services (“FCSS”).Exercise a sound judgement in case disposition and ensure a decision is made with reasonable justifications documented.Timely prepare and submit the STRs for Money Laundering Reporting Officer’s (or his/her delegates) review.2. Collaborate with Business and Support Units in Managing AML/CFT risksEnsure effective communications with Business or Support Unit to facilitate responses to Request For Information (“RFI”) process and deliver concise investigation outcomes with appropriate recommended actions.Assist Team Leads and seniors in responding queries about the investigations and related risk mitigation measures raised by Business or Support Unit in a proper and timely manner.3. Assist in Developing and Enhancing Process, Governance & Control and Risk ManagementAssist in the rollout of the transaction monitoring-related projects and investigative tools (e.g. participate user acceptance test) and propose control or process improvement, enhancement and simplification.Provide feedbacks on the existing process to improve work efficiency and quality.Assist in performing governance & control to achieve the performance target in line with the applicable procedures and guidelines.4. Assist in handling and sharing of external intelligence from the Industry Peers and Legal Enforcement Agencies (“LEAs”)Timely handle the intelligence from the industry peers and LEAs to identify and manage potential risks posing to the Bank and escalate significant issues to seniors in a swiftly manner.Perform network link analysis with the intelligence from the industry and LEAs to identify other suspects followed by risk mitigation actions.Share internal intelligence with the industry peers as well as internal stakeholders.RequirementsRelevant degree or certification in finance, compliance, or a related fieldMinimum 3-5 years of experience in transaction monitoring, financial crime prevention, or complianceStrong analytical and problem-solving skills, with the ability to identify patterns and trends in complex dataExcellent communication and interpersonal skills, with the ability to effectively collaborate with cross-functional teamsThorough understanding of regulatory requirements and industry best practices related to anti-money laundering, counter-terrorist financing, and financial crime preventionProficient in the use of data analysis tools and techniquesApply NowWe offer a competitive salary and benefits package and the professional advantages of a dynamic environment that supports your development and recognises your achievements.Location:One Island EastJob:ComplianceSchedule:RegularEmployee Status:Full time