AML TM Analyst

About the Bank:

P.T. Bank Negara Indonesia (Persero) Tbk (BNI), Singapore Branch was established on 14 October 1955. BNI is the only Indonesian Bank to hold a Full-Bank license in Singapore. BNI Singapore currently offers the following banking services/products: Remittance Service, Savings/Current Accounts & Fixed Deposits, Commercial/Corporate Lending/Loan Syndication, Hospital Guarantee, Trade Financing, Treasury Activities, Custodian Services.

Description of Role:

This is an individual contributor role in 2nd Line of Defence, handling Post Transaction Monitoring (“TM”) reviews and reporting to AML Team Lead/Supervisor and Head of Legal & Compliance Department in Singapore Branch. There are currently 5 other co-workers in the Department (1 HOD, 1 AML Team Lead/Supervisor with 2 other staff reporting to him and 1 Regulatory Compliance Team Lead). This is a replacement role as the incumbent had recently resigned.

Roles and Responsibilities:

• Perform post transaction monitoring (“TM”) reviews on alerts triggered from the automated system to identify any money laundering or financial crime red flags in the Bank’s customer base (Retail Banking, Corporate Banking, Loan Syndication, Financial Institutions, Custodian, Wealth Management), within the established SLA timelines.
• Conduct holistic evaluation on post TM alerts and customers’ response to RFIs (if any), propose STR filings or other AML control measures to AML Supervisor.
• Perform name screening on counterparties relating to the transaction alerts.
• Perform profiling of customers highlighted through the TM alert process.
• Ensure accurate, complete and up-to-date documentation to provide evidence of decisions and reasoning based on the facts and the potential money laundering risk identified.
• Liaise with relevant 1st line of defence departments to obtain supporting document(s) and provide guidance to them in understanding the transaction red flag(s).
• Monitor the transaction alerts pipeline and report periodic clearance/outstanding status to the AML Supervisor, Head of Department and Branch Management.
• Perform periodic assessment including enhancement proposal to automated TM System, development of new TM models, system tuning of models/parameters/thresholds, conduct UAT etc.
• Investigate and manage the resolution of any TM system-related issue.
• Conduct relevant AML-related Compliance/QA testing and monitoring reviews.
• Clear triggered hits in AML screening system(s).
• Maintain the internal Branch Watchlists in various AML screening system(s).
• Draft STR filing, where required, and seek internal approval.
• Any other matters as assigned by the AML Supervisor and Head of Department.

Pre-requisite Requirements:

• A Bachelor’s Degree.
• Minimum 4 years full-time Post Transaction Monitoring experience in 2nd line of defence department(s) in banks/financial institutions.
• Candidates with current/previous experience in Corporate Banking Post Transaction Monitoring would be preferred.
• Candidates with ICA or ACAMS qualifications would be advantageous.
• Familiar with the MAS Guidance for Effective AML/CFT Transaction Monitoring Controls, and relevant ACIP Industry Guidance Papers.
• Able to read and write reasonably well.
• Strong research and analytical skills.
• Able to gather and review multiple data sets from different sources and perform holistic analysis/evaluation.
• Able to think logically and work well independently with limited guidance in an environment with strict tight deadlines.
• Able to prioritize and multi-task, handle ad-hoc projects as and when required.
• A strong team player with excellent inter-personal and communication skills and is comfortable engaging senior stakeholders/external parties.