Transaction Monitoring and STR Team Leader Permanent

Job Description:

• Oversee and lead Team to manage the day to day AML (Anti-Money Laundering) compliance operations covering AML alerts arising from monitoring systems and escalation cases

• Review fraudulent and irregular transactions in customers’ account and file Suspicious Transaction Report (STR) to Suspicious Transaction Reporting Office (STRO)

• Prepare periodic and regular MIS reports for Senior Management and/or Head Office.

• Establish, review and update SOPs, processes and guidelines for effective controls that are efficient and meet regulatory best practices and industry standards.

• Resolve and assess risks when business decisions are made and provide sound coherent and consistent recommendation to Senior Management.

• Identification of key error trends, provide guidance on new typologies and implementation of training pe• Oversee and lead Team to manage the day to day AML (Anti-Money Laundering) compliance operations covering AML alerts arising from monitoring systems and escalation cases

• Review fraudulent and irregular transactions in customers’ account and file Suspicious Transaction Report (STR) to Suspicious Transaction Reporting Office (STRO)

• Prepare periodic and regular MIS reports for Senior Management and/or Head Office.

• Establish, review and update SOPs, processes and guidelines for effective controls that are efficient and meet regulatory best practices and industry standards.

• Resolve and assess risks when business decisions are made and provide sound coherent and consistent recommendation to Senior Management.

• Identification of key error trends, provide guidance on new typologies and implementation of training pertaining to transaction monitoring to Business Units.

• Liaise and resolve regulatory concerns with Compliance, Audit and Regulators, and including coordinating related inspections.

• To develop indicators and tolerance limits and perform threshold tuning and AML optimizationrtaining to transaction monitoring to Business Units.

• Liaise and resolve regulatory concerns with Compliance, Audit and Regulators, and including coordinating related inspections.

• To develop indicators and tolerance limits and perform threshold tuning and AML optimization

Requirements and Qualifications:

• A recognised University Degree with at least 10 years of relevant compliance working experience. Candidates who possess industry qualifications as an AML specialist (e.g. Diploma in AML) would be preferred.

• Proven strong knowledge of applicable Anti-Money Laundering and Counter Terrorist Financing Regulations (KYC, Transaction Surveillance and Sanctions).

• Hands-on and experienced leader who motivates and develops people to maximize their potential.

• Good written and communication skills with ability to develop a strong working partnership with external and internal stakeholders

• Good analytical capability with high attention to details

• Able to read and understand Chinese documents from Head Office.