Identify, research for and investigate the patterns, trends and anomalies in complex transactional and customer data to detect, prevent, mitigate and report suspicious activity related to money laundering, terrorist financing and structuring.
Perform transaction monitoring after account activation; ensure timely escalation of alerts and file Suspicious Transaction Reports (STR) appropriately
Responsible for ongoing monitoring on client relationship, for example, name screening review & assessment, client data maintenance and MIS reporting.
Provide AML and transaction monitoring advisory/ recommendations to the Business and Support functions
Assist Head Office to assure the Hong Kong business is in compliance with the standard required by the Monetary Authority of Singapore and the Hong Kong Monetary Authority (HKMA)
Report control results and provide control reviews to senior management/Head Office on a timely basis
Provide AML training to enhance staff???s risk awareness and Compliance culture
Participate in the development, implementation and/or maintenance of processes and procedures to ensure compliance with current regulatory guidance, industry practice and BOS policy
Participate in the development, testing, training and implementation of new or enhanced processes or applications/ tools
Review and identify changes in anti-money laundering regulations; assess potential impact on existing policies/procedures and policy implementation
Support the preparation/follow-up on internal/external audit and regulatory inspection
Provide other necessary assistance as required by Compliance team
Requirements
Bachelor degree holder or equivalent
Minimum 3 years of Hong Kong banking compliance related experience
Familiar with Private Banking activities but working track record will be taken into account
Good knowledge of HKMA AML rules, regulations and guidelines; commitment to the principles of the AML regime
Excellent written and verbal communication skills; proficient in English (speaking and writing) and Chinese (both Mandarin and Cantonese)
Previous experience of presenting AML analysis and recommendations for senior management/ AML business counterparts
Organized and methodical with close attention to detail
Strong interpersonal skills. Commitment to co-operative and collaborative working
Strong team player, willing to learn and share experience with other team members
Could work under stress; with the flexibility to work with changing priorities and deadlines
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