Our client is a Well-established & expanding Corporate & Private Bank in Hong Kong. They are currently looking for an Assistant Vice President, Transaction Monitoring to expand their business capacity in Hong Kong in order to strengthen their AML capability.
Responsibilities
- Perform Quality Assurance reviews on team mate's transaction monitoring evaluation reports and produce reporting to senior management
- Review & approve STR and ensure overall reviews & reportings correctiveness. Escalate any high risk suspicious transaction findings to management when ncesscary.
- Pro-actively provide feedback and relevant training to teammates on transaction monitoring review and reports
- Determine the level of investigation base on the result of transaction monitoring reports & analysis of client's documents (i.e. invoice, POS reports, etc)
- Perform review on high risk new and existing customer (local & overseas) accounts to ensure compliance with the bank & regulatory policies to determine their risk rating profile and complete STR filings
- Identifying suspicious activity to mitigate risk
- Keep abreast of internal AML policies, BSA & AML/CFT and related regulatory requirements, HKMA and FinCEN guidelines
- Gathers information from external resources such as Internet searches, third-party vendors, public records, newspaper articles, etc and review the result to perform judgment of authentication of identification on individuals and businesses, OFAC and government list, closed for cause, etc.
- Working closely with relationship manager & account opening officer to escalate any serious breach of banks & regulators policies
- Collaborate with various departments to resolve complicated cases
Requirements
- Degree or above
- 7 years + Banking Transaction Monitoring experience with solid reporting review experience
- Exposure to transaction monitoring systems and case management tools (i.e. Actimize, etc)
- Knowledge on US Bank Secrecy Act & AML policies (China & US) would be highly preferable
- Prior experience on performing transaction monitoring on Private/ Corporate Banking portfolio would be an advantage
- Relevant qualification such as CAMS certification would also be preferable
- Candidate with less expereince would be considered for the Senior Associate position
To apply online please click the 'Apply' button or send your profile to alex.cheung@ignite-recruitment.com . For a confidential discussion about this role & other corporate banking openings please contact Alex CHEUNG at +852 2121 1418 .