Purpose of the role is to perform SAR investigations, perform transaction monitoring and second line review of Financial Crime controls including KYC, AML, Sanctions, ABC, Fraud and Market Abuse across different functions of the Bank; payments escalations and compliance oversights..
Job Responsibility:
Suspicious Activity Reporting (SAR) investigations within prescribed timelines. Ensure timely, efficient reporting of SAR to the MLRO.
• Preparing quality SAR reports and disclose it to National Crime Agency after getting sign off from MLRO.
• Adherence to SAR timelines as described in POCA 2002.
• Ensure compliance with Money Laundering Regulations/ JMLSG guidelines and other AML/KYC related laws and regulations.
• Monitoring of System generated reports and identify out of patterns transactions and escalate accordingly.
• Perform compliance oversight reviews across Business and support functions and tracking and follow up for implementation of oversight recommendations / action points.
• Reporting of MI pertaining to open actions to Legal & Compliance Committee
• Assist with review of Compliance Policies and Procedures and where required review of other department owned policies.
• Ad hoc projects and assignments related to Compliance and Financial Crime, Internal Audit and FCA action plan as allocated by the Deputy Manager/Head of Legal & Compliance