Job Description

Description

Primary Objective:

To investigate and assess Transaction Monitoring alerts by ensuring efficient identification of potential money laundering risks in the bank. To generate quality Suspicious Transaction Reports (STR) while ensuring timely submission to Financial Intelligence and Enforcement Department (FIED). To oblige with Bank Negara Malaysia\xe2\x80\x99s (BNM) regulatory requirements under the provision of Anti-Money Laundering, Anti-Terrorism Financing and Proceeds of Unlawful Activities Act 2001 (AMLATFPUAA) and ultimately fulfilling Malaysia\xe2\x80\x99s Anti Money Laundering & Counter Financing of Terrorism (AML/CFT) Regime.
Key Responsibilities:

• To review internal SARs received from branch and business unit and determine whether to raise/ reject/ to request new SAR submission due to insufficient information.

• To update STR register and track SLA.

• To request further information/ relevant documentation from branches (if necessary).

• To extract transaction details from oracle system (where necessary).

• To submit STR promptly to FIED within 3 \xe2\x80\x93 10 working days from receipt of SAR.

• To submit Data Input Form for Individual/Entity (IL/EY) for sanction.

• Monthly Reporting

• To perform STR register reconciliation

• To prepare management report for STR submissions

• To prepare report for STR submissions related to RHB Islamic

• RMR 142 (Internal watchlist Report)

• To review report/check against the ML01 register

• To update RMR 142 register

• To send enquiry to branches/ business units on non-compliance detected/action to be taken

• Assist with AML Compliance Training especially on identification and reporting of suspicious transactions.

• Assist with money laundering related queries/questionnaires received from Corresponding Bank.

• As an AML subject matter expert provide direction and guidance to employees on appropriate remediation action for high risk accounts.

• Maintain a current understanding of money laundering and terrorist financing issues, including policies, procedures, regulations, industry best practice, criminal typologies and developing trends.

• Assist in identifying systemic procedural weaknesses and additional training requirements for the Bank.

• Ad-hoc

• To participate in ad-hoc projects, tool development projects as well as in drafting of procedures in relation to monitoring of transaction i.e. 2nd level review for alerts

Requirements

Requirements:
Bachelor Degree - in a related field.

- \xe2\x80\xa2 Certificate of Anti-Money Laundering and Counter Financing of Terrorism (Asian Institute of Charted Bankers)

At least 1 year experience in Audit, Compliance or Risk Management

• Management skills with a strategic and business perspective
• Good communication, interpersonal and analytical skills coupled with excellent attention to detail

Benefits

Dental, Education support, Miscellaneous allowance, Medical, Loans, Sports (e.g. Gym), Parking, Vision, Regular hours, Mondays - Fridays, Casual Business Wear, Performance Based Rewards

RHB Bank