Transaction Monitoring Trade Finance Analyst

Job Purpose: • Liaises with internal/external stakeholders in the review of Transaction Monitoring alerts generated especially from trade finance products.• Ensure Key Performance Indicators (KPI) are observed, efforts are aligned to meet the required expectation – deliver high quality services to our business partners, adherence to SLA and TAT.• Adhere to the internal control framework, reporting, and escalation for transaction execution, including 1st level alert investigation at CGSS and further escalation to Retained Organization.• Act as transaction monitoring backup alert handler (Level 1 processing) to ensure operational stability within the Compliance Ops Department.• Assist in ad-hoc projects and report generation tasks, as and when assigned by Team Head/ HOD.Key Activities: • Perform 1st level review & analysis to determine any potential AML/CFT concerns and complete the investigation of trade transaction, remittances including (cheque/ cash) within the agreed turnaround timeline.• Document the risk assessment and the risk mitigations that support the alert conclusion in the alert investigation together with the documentary evidence.• Review and investigate all post transactions monitoring alerts generated by Transaction Monitoring System and perform post transaction analysis in timely manner.• Ensure efficient identification and monitoring of suspicious activities and transactions, and timely reporting of suspicious transactions to the Retained Organization in timely manner.• Maintain a current understanding of trade-based money laundering red flags; money laundering and terrorist financing issues as well as sanctions, including policies, procedures, regulations, industry best practices, criminal typologies and developing trend.• Able to work on shift hours, location specific business days as per business requirement.• Identify opportunities for process improvements and any other duties as assigned by Team Head/ HOD.Formal Education: • University or local equivalent degree required.Specialist knowledge (work experience, further qualification):• Bachelor’s Degree with minimum total work experience 3 – 5 years in the financial industry, which should include minimum of 3 years’ experience in AML/CFT Compliance – Transaction Monitoring (with knowledge of Trade Finance) and Investigations.• Possess in-depth knowledge of Trade Finance products and Trade Based Money Laundering typologies and red flags.• Sound knowledge Sanctions, investigation and Anti-Money Laundering regulations.• Strong analytical skills and meticulous with an investigative mindset• Good written skills for the purpose of detailing analysis and recommendation in Compliance Comments for transactions review / investigation reports.• Good communication skills, hands on, independent and proactive in carrying out daily tasks and investigations.• Team player and proactive and able to take initiative.• Relevant Certification from ACAMS, AICB or ICA is a plus.• Proven track record of working and communicating across borders and cultures.This position is based in Bayan Lepas, Penang.