Transaction Monitoring Specialist

MyValiant; Kuala Selangor; On-site; MYR 70,000 - 90,000; Full time

Job summary

A leading financial organization in Kuala Selangor is seeking a Transaction Monitoring Specialist to join their AML Operations team. The ideal candidate will have a Bachelor's degree and a minimum of three years' experience in AML operations, focusing on transaction monitoring. You will analyze and manage transaction alerts, ensuring compliance with BNM regulations and preparing Suspicious Activity Reports (SARs). Excellent analytical and communication skills are essential for this role. Join a dynamic team dedicated to safeguarding against financial crime.

Qualifications

• Minimum 3 years in AML Operations focused on Transaction Monitoring.
• Strong knowledge of AML/CFT regulations and SAR reporting.
• Experience in system testing/User Acceptance Testing (UAT).

Responsibilities

• Review and investigate transaction monitoring alerts.
• Prepare, review, and submit Suspicious Activity Reports (SARs).
• Collaborate with teams to enhance AML processes.

Skills

Analytical skills

Attention to detail

Communication skills

Education

Bachelor's degree in Finance, Law, Business Administration, or related field

Tools

Transaction monitoring systems

Job description

Role Summary

As a Transaction Monitoring Specialist within the AML Operations team, you will play a critical role in safeguarding the organization by identifying and mitigating financial crime risks. Reporting directly to the AML Operations Team Lead, you will be responsible for analyzing, investigating, and managing transaction alerts in alignment with internal policies and Bank Negara Malaysia (BNM) regulatory requirements. This role also involves collaboration on process improvements and regulatory reporting, especially in preparing Suspicious Activity Reports (SARs).

Key Responsibilities

• Review, assess, and investigate transaction monitoring alerts using a risk-based approach aligned with AML/CFT standards.
• Conduct in-depth investigations, including customer profiling, transaction trend analysis, and source-of-funds verification.
• Liaise with internal stakeholders and, when necessary, with customers to gather additional information for investigations.
• Identify, document, and elevate potentially suspicious activities to the Compliance team to support accurate SAR filing.
• Prepare, review, and submit Suspicious Activity Reports (SARs) in a timely and accurate manner, adhering to regulatory and internal SLA requirements.
• Ensure adherence to internal turnaround times and SLA metrics for efficient case management.
• Collaborate with cross-functional teams to enhance AML systems, workflows, and operational processes.
• Contribute to drafting, revising, and updating AML Standard Operating Procedures (SOPs) to maintain compliance and relevance.
• Participate in User Acceptance Testing (UAT) for system upgrades, new feature rollouts, or AML rule enhancements.
• Support additional AML-related tasks and ad-hoc investigations as assigned by management.

Requirements

• Bachelor's degree in Finance, Law, Business Administration, or a related field.
• Minimum of 3 years of direct experience in AML Operations, with a focus on Transaction Monitoring—preferably within banking, fintech, payments, or e-wallet sectors.
• Strong knowledge of AML/CFT regulations and familiarity with SAR reporting processes and BNM regulatory requirements.
• Proven analytical skills in detecting suspicious transaction patterns and conducting end-to-end investigations.
• Excellent written communication skills, particularly in composing clear and detailed investigation summaries and SAR narratives.
• Hands-on experience with transaction monitoring systems and involvement in system testing/UAT.
• High attention to detail, with strong accuracy in documentation and reporting.
• Ability to work independently, prioritize tasks effectively, and perform well under pressure in a fast-paced environment.