Assistant Manager, Transaction Monitoring (L1)

Bank Islam; Kuala Lumpur; On-site; MYR 45,000 - 75,000; Full time

Job summary

A leading bank is seeking an Assistant Manager for Transaction Monitoring in Kuala Lumpur. The role involves assisting with compliance reviews and conducting effective investigations on higher-risk cases. Ideal candidates will have experience in banking, strong analytical skills, and excellent communication abilities to thrive in a fast-paced environment.

Qualifications

• Experience working in banking or fast-moving environments.
• Strong managerial skills required.
• Excellent communication and interpersonal skills.

Responsibilities

• Assist with investigations into potentially suspicious clients.
• Summarize clear findings of investigations in writing.
• Ensure suspicious activity is escalated to the STR team.

Skills

Communication

Analytical Skills

Teamwork

Detail-Oriented

Problem Solving

Job description

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Select how often (in days) to receive an alert: Create Alert

Assistant Manager, Transaction Monitoring (L1)

Job Description:

Summary

Responsible for assisting with risk and compliance reviews in coordination with the broader Financial Crime Compliance (FCC) department team. The overall objective is to utilize basic Anti-Money Laundering and Counter Terrorism Financing (AML/CFT) knowledge to independently review, analyze, and conduct effective due diligence and investigations on higher risk cases that may pose a potential risk to the Bank.

Duties and Responsibilities

1. Alert Management

• Assist with investigations and research into potentially suspicious clients using various internal and external systems and databases.
• Summarize, in writing, clear and concise findings of the investigation. Ensure cases are disposed of in the AML system.
• Ensure suspicious activity is escalated to the STR team in a timely manner.
• Inform management of issues requiring escalation and interact regularly with various lines of business, other analysts, and management regarding accounts under review.
• Assess risk appropriately when making decisions during alert reviews.
• Follow up with additional points of contact as needed to gather more information (such as branch or other units) to support the case.
• Achieve the target of 40–60 alerts per month, with more than 100% on a monthly basis if possible.
• Ensure rejection rates from QA sampling are less than 50% monthly.
• Meet the gradual targets set for new hires.

Change Management Objectives

• Participate in training sessions and meetings, ensuring adherence.
• Complete the minimum credit hours of online training set by HR.
• Adapt to new policies or cultural changes within the team or bank.
• Maintain minimal unplanned absenteeism.
• Participate effectively in team meetings and discussions.

Ensure adherence and compliance with internal policies, guidelines, and external regulatory requirements.

Perform any other duties or assignments as directed by superiors, based on business needs.

Specific Skills/Knowledge and Certification Required

• Experience working in banking or fast-moving environments.
• Strong managerial skills.
• Excellent communication, writing, and interpersonal skills.
• Assertive, innovative team player, highly independent, committed, self-motivated, resourceful, and results-oriented.
• Ability to perform various functions internally and externally at different levels.
• Highly numerate, detail-oriented, and capable of multitasking.