Asia Transaction Monitoring Analyst
Role Title: Analyst, Asia Transaction Monitoring
Role location: Singapore Based
How will I help?
The Transaction Monitoring Team supports the day-to-day management of Singapore alerts that relate to customer profile and transactional behaviour.
The Westpac Institutional Banking business is run as a global business within Westpac Banking Corporation, with Singapore branch (the Branch) overseeing the franchise from a Singapore and Asia perspective. The primary lines of businesses of WBC SG are Corporate and Institutional Banking, Global Transaction Services, Financial Markets and Treasury.
- Management of alerts with respect to Politically Exposed Person (PEP), Counter-Terrorism Financing (CTF), Adverse Media, Sanctions, Custom List
- Investigate and assess alerts raised within the enterprise-wide compliance programme to identify potential Money Laundering, potential Terrorism Financing activities, or other suspicious activities
- Investigate customer profiles identified as potentially high risk to determine the risk and escalate adhering to the process and procedures
- Manage close interactions between Front Office, Financial Crime Compliance Team, Sanctions Officer Group, WIB Specialist Team and Operations Teams to ensure seamless communication and consistency
- Manage and participate in other non-core tasks such as Management Information reporting, system testing, enhancing policies and procedure and any projects/tasks as assigned by the manager
What’s in it for me?
As a Transaction Monitoring Analyst, you will be responsible for performing alerts review and escalation to the Financial Crime Compliance Manager. This will require you to ensure that the alert processing SLAs are met, and quality & accuracy of the investigations are upheld. You will play a crucial role in ensuring alert investigations using global standard policies, procedures, and tools, aimed at meeting internal policies and external regulatory requirements. You will also work closely with various stakeholders such as the Front Office, Financial Crime Compliance Team, Sanctions Officer Group, WIB Specialist Team and Operations Teams.
You will play a significant part of the future of a business that has been around for 200 years. Our purpose is of creating better futures together. So, we will back you in the development of your career, internal career prospects, and flexible working. You will also keep learning to grown, backed by a fantastic team of people with a can-do, supportive structure.
What do I need?
- 2-3 years of experience in Transaction Monitoring
- Good knowledge of anti-money laundering legislation and regulation
- Strong understanding of Transaction Monitoring including name screening and understanding of funds flow with respect to Trade Finance, Financial Markets, Commodities, Corporate and Institutional Banking
- Banking industry knowledge in Operations
- Experience of Asian Markets (Singapore)
- Candidate with ACAMS Certification or International Compliance Association Diploma is an advantage.
What’s it like to work here?
When you join, you’ll become part of the broader Westpac Group family – where we aim to be a friendly, switched-on team working for a single purpose - Creating Better Futures Together – it’s what we do, who we are and why we come to work every day. As an equal opportunity employer, we’re proud to have created a culture where people can be their best, in an environment that values diversity and flexibility.
Within the Westpac Group, you will be part of the Institutional Banking division, where our vision is to be a high performing and innovative institutional bank, committed to enabling the growth of our global clients, our economy, and delivering sustainable shareholder returns.
How do I Apply?
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