Transaction Monitoring Specialist (Web3)

Red Begonia Limited; Kuala Lumpur; On-site; MYR 60,000 - 90,000; Full time

Job summary

RedotPay, a global crypto payment fintech, is seeking a Transaction Monitoring Specialist to join the Compliance team. You will monitor, investigate, and report on suspicious activity across the platform, ensuring regulatory compliance and trust.

The role emphasizes real-time monitoring, SAR/STR filing, and applying blockchain analytics to detect money laundering, fraud, and other financial crimes, with opportunities to improve monitoring rules and processes.

Qualifications

• Minimum 2 years in transaction monitoring or AML compliance.
• Experience investigating alerts and filing SARs/STRs.
• Experience with blockchain analytics tools is a plus.

Responsibilities

• Monitor customer transactions in real-time and periodically to identify suspicious activity.
• Investigate alerts and cases, analyzing patterns and customer profiles.
• Document investigation steps and recommend case closure or escalation.
• Prepare and file SARs/STRs with FIUs per regulations.
• Apply knowledge of blockchain tech and VASP patterns.
• Suggest rule and process improvements to reduce false positives.

Skills

AML compliance

Investigations

Analytical thinking

Regulatory knowledge

Blockchain analytics

Tools

Chainalysis

Elliptic

TRM

Scorechain

Coinfirm

Actimize/SAS

Job description

Transaction Monitoring Specialist (Web3)

RedotPay is a global crypto payment fintech integrating blockchain solutions into traditional banking and finance infrastructure. Our user-friendly crypto platform empowers millions globally to spend and send crypto assets, ensuring faster, more accessible, and inclusive financial services. RedotPay advances financial inclusion for the unbanked and supports crypto enthusiasts, driving the global adoption of secure and flexible crypto-powered financial solutions. Join us in shaping the future of finance and making a meaningful impact on a global scale.

The Role

We are seeking a sharp, analytical, and diligent Transaction Monitoring Specialist to join our growing Compliance team. You will be responsible for monitoring, investigating, and reporting on suspicious activity across our platform, ensuring we maintain the highest standards of regulatory compliance and trust.

Key Responsibilities

• Transaction Monitoring: Actively monitor customer transactions in real-time and through periodic reviews using our automated monitoring systems to identify potentially suspicious activity related to money laundering, terrorist financing, fraud, and other financial crimes.
• Alert Investigation: Conduct thorough and timely investigations of system-generated alerts and cases. Analyze transaction patterns, customer profiles, and external data to determine the legitimacy of the activity.
• Case Management: Document all investigation steps, analysis, and findings clearly and concisely within our case management system. Make reasonable recommendations for case closure or escalation for further action.
• SAR/STR Filing: Prepare and file Suspicious Activity Reports (SARs) or Suspicious Transaction Reports (STRs) with the relevant financial intelligence units in accordance with regulatory requirements and internal policies.
• Crypto Expertise: Apply knowledge of blockchain technology, common crypto transaction patterns (e.g., mixing, layering), and known red flags specific to the virtual asset service provider (VASP) industry.
• Process Improvement: Provide feedback and insights to the Compliance Manager to help refine and optimize our transaction monitoring rules, scenarios, and processes to reduce false positives and enhance detection effectiveness.

Qualifications

• 2 years of experience in transaction monitoring, AML compliance, or financial crime investigation role, with at least 1 year focused on cryptocurrencies/VASPs is preferred.
• Solid understanding of AML/CFT regulations and guidelines
• Practical experience in investigating alerts and writing and filing SARs/STRs.
• Strong understanding of blockchain analytics; experience using tools like Chainalysis, Elliptic, or TRM is a significant advantage.
• Exceptional analytical and problem-solving skills with meticulous attention to detail.
• Nice to have: Experience with transaction monitoring systems (e.g., Scorechain, Coinfirm, or traditional systems like Actimize/SAS adapted for crypto)