ALERTS ANALYST

Bank of the Philippine Islands (BPI); Makati; On-site; PHP 500,000 - 800,000; Full time

Job summary

A leading bank in the Philippines is seeking an experienced AML Analyst to assist in managing alerts generated by transaction monitoring systems. The role involves reviewing suspicious transactions, preparing investigation reports, and ensuring compliance with AML regulations. Ideal candidates will have a strong background in AML functions, excellent analytical skills, and attention to detail.

Qualifications

• At least 2 years of work experience in AML functions, banking operations, or internal audit.
• Understanding of relevant laws and regulations impacting banking operations.
• Proficient in written and oral communication.

Responsibilities

• Review transactions of customers subject to alerts.
• Analyze, investigate, and identify suspicious transactions.
• Prepare investigation reports for filing STRs.

Skills

Analytical skills

Attention to detail

Communication

Job description

Job Description

Assists the Section Head in managing the alerts generated by the bank’s AML transaction monitoring systems.

Responsibilities

1. Review transactions of customers that are subject of alerts.
2. Analyze, investigate, and identify all suspicious transactions.
3. If necessary, refer transactions to the concerned branch/business unit/Relationship Officer for additional information and/or documents to aid in the disposition process.
4. If a transaction is considered suspicious, prepare the investigation report and route it to the 3 Money Laundering Evaluation Committee (MLEC) for decision regarding the filing of Suspicious Transaction Report (STR) and the corresponding AML risk profile.
5. Prepare the necessary STR based on MLEC decision for transmission to Anti-Money Laundering Council.
6. Route requests for approval to include customers in the NDB-AML Private List, based on MLEC decision.
7. Ensure that justifications for decisions made on all AML alerts, whether to close or report, are adequately recorded and supported with copies of necessary documents.
8. Maintain all documentation, records, and communications related to the analysis, investigation, and resolution of AML alerts.
9. Act as a subject matter expert or consultant on AML-related matters.
10. Update oneself on AML-related topics through training.
11. Handle additional or new assignments given by AML Management.

Qualifications

• At least 2 years of work experience in AML functions, banking operations, or internal audit.
• Understanding of relevant laws and regulations and their potential impact on the bank’s operations/services, and the principles/framework of bank compliance.
• Good analytical skills.
• Attention to detail.
• Average training skills.
• Proficient in written and oral communication.
• Computer literate.