Team Member, Screening

RHB Banking Group; Selangor; On-site; MYR 50,000 - 70,000; Full time

Job summary

A financial institution in Malaysia is seeking a candidate to investigate and assess alerts for potential money laundering risks. The role involves reviewing name screening alerts, conducting investigations, ensuring compliance with internal and external regulations, and reporting suspicious transactions. Candidates should have knowledge of money laundering issues and be able to recommend process improvements. This position requires timely execution of tasks assigned by the Team Lead.

Responsibilities

• Investigate and assess alerts for potential money laundering risks.
• Review and action all name screening alerts.
• Conduct alert investigations using standard policies and procedures.
• Ensure identification and monitoring of suspicious activities.
• Report suspicious transactions timely and efficiently.
• Maintain understanding of money laundering regulations and trends.
• Investigate suspicious transactions or alerts.
• Raise requests for further information as needed.
• Assess operations risks and recommend improvements.
• Execute tasks as assigned by Team Lead or Circle Lead.

Job description

• Investigate and assess alerts for potential money laundering risks in the Bank.
• Review and action all name screening alerts within the agreed timeline
• Conduct alert investigation using standard policies, procedures and tools, aimed at meeting internal and external regulatory requirements
• Ensure efficient identification and monitoring of suspicious activities and transactions
• Ensure timely, efficient reporting of suspicious transactions.
• Maintain a current understanding of money laundering and terrorist financing issues, including policies, procedures, regulations, industry best practice, criminal typologies and developing trends.
• Ensure proper investigation of suspicious transactions or money laundering alerts
• To raise RFI request if further information/relevant documentation required (if necessary) to support the review.
• Access operations risks and recommend mitigating factors for process/risk improvement
• Execute any other tasks as assigned by Team Lead or Circle Lead