Transaction Surveillance Team Lead

Transaction Surveillance Team Lead

Oversea-chinese Banking Corporation Limited
Kuala Lumpur Malaysia
8-11 years
Not Specified

Job Description

Job Description :
The Transaction Surveillance Team Leader is a senior professional responsible for leading risk and compliance reviews in coordination with the broader Anti-Money Laundering (AML) team. The overall objective is to provide direction to AML team(s), participate in the development of operational standards, and communicate with other areas of the business and external clients about AML activities. This role will manage operational planning, team performance and is expected to perform all applicable management tasks.

  • Manage and lead a team of transaction surveillance analysts, including training and guiding the transaction surveillance analysts.

  • Monitor and improve the productivity of the transaction surveillance analysts.

  • Allocate and manage the transaction surveillance alerts among the team members.

  • Review and approve unusual transaction reports (UTRs) submitted by team members for timely escalation of suspicious transactions detected through transaction surveillance system to 2nd level investigators.

  • Provide feedback to the relevant business units on suspicious transaction activities.

  • Participate in AML related projects.

  • Assist to maintain audit-ready state by meeting case investigation standards and stipulated procedure.

  • Appropriately assess risk when business decisions are made, demonstrating particular consideration for the firm's reputation and safeguarding OCBC, its clients and assets, by driving compliance with applicable laws, rules and regulations, adhering to all relevant Standards, Guidelines and Procedures in the review and closure/ escalation of transaction surveillance alerts, applying sound ethical judgment regarding personal behaviour, conduct and business practices, and escalating, managing and reporting control issues with transparency

  • A good university degree with min 8 years of work experience.

  • Candidate must possess strong attention to detail, research, analytical and investigation skills.

  • Proficient in writing with strong communication and interpersonal skills.

  • Self-driven with high level of initiative and follow-through skills.

  • Able to work independently as well as in a team.

  • Basic SQL query and VBA knowledge is preferred.

  • Knowledge of AML regulations, trends and ACAMS Certification (an advantage).

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