Transaction Monitoring Analyst

Transaction Monitoring Analyst

At Julius Baer, we celebrate and value the individual qualities you bring, enabling you to be impactful, to be entrepreneurial, to be empowered, and to create value beyond wealth. Let's shape the future of wealth management together.

The CRO division develops and oversees the global framework for risk identification, control, reporting, and management within the risk tolerance for the various business activities for Julius Baer, aiming at sustainable growth of the franchise. As a member of the CRO division, the incumbent is expected to abide by relevant principles and expectations as specified in the CRO Business Organisation Manual.

Compliance is part of the Risk, Legal and Compliance Division of Julius Baer and supports the Senior Management in ensuring compliance with external and internal regulations to actively manage operational, regulatory and reputational risks.

The Transaction Monitoring (TM) team in Compliance is responsible for AML Transaction Monitoring, automated and/or manual.

The TM team of officers support the BJBS Branch, as well as BJB Hong Kong (HK) branch, SCB-Julius Baer and the Julius Baer Trust Company (JBTC) in respect of BJBS-booked trust accounts.

**YOUR CHALLENGE**

**People **Management**
- Support the CRO and Senior Management in ensuring compliance with external and internal Regulations in the areas mentioned above and thus actively manage operational, regulatory and reputational risks.
- Work with the Front Office in the review and disposition of TM alerts.

**Client Management (internal & external)**
- Build strong relationships with key stakeholders such as the Front Office, KYC Onboarding and AML teams across Singapore and Hong Kong.
- Support Head of AML and TM Head in undertaking alerts review for BJBS and BJB HK booked and/or advised accounts.
- Maintain good regulatory relationships with MAS and law enforcement agencies in Singapore
- Working closely with overseas offices in the review and disposition of TM alerts for accounts booked in BJBS but advised by the overseas offices (particularly, Hong Kong, Zurich, Dubai and Thailand).
- Inquire into the reason for any aging TM alerts on overseas booked account but advised and managed by Singapore-based RM
- Assist in handling ad hoc legal and compliance issues relating to TM and attending to related enquiries from and handling inspection by regulators, auditors (internal and external) and Head Office

**Business Management**
- Review automated TM alerts to ensure AML/CFT risks and potential Red Flags are properly identified, and adequately investigated.
- Assist in the implementation of the new automated AML Transaction Monitoring tool and case management tool in BJBS.
- Support the Head of AML and TM Head in the preparation and presentation of relevant Management Information on AML /CFT issues, trends and emerging risks, as well as the relevant TM-related data for the BJBS' Front Scorecard initiative.
- Support the Head of AML and TM Head in the preparation and implementation of AML / TM related training programs to all employees.

**Regulatory Responsibilities &/OR Risk Management**
- Demonstration of appropriate values and behaviours including but not limited to standards on honesty and integrity, due care and diligence, fair dealing (treating customers fairly), management of conflicts of interest, competence and continuous development, adequate risk management, and compliance with applicable laws and regulations
- Ensure that Red Flags for potential Money Laundering and/or Terrorism Financing transactions /activities are properly identified and investigated, suspicious activities are reported in due time
- Ensure timely assistance and cooperation is rendered to MAS' and law enforcements' requests for information.

**YOUR PROFILE**

**Personal and Social**
- Strong personality with good organisational skills
- Excellent communication skill
- Ability to effectively manage internal and external stakeholders
- A strong sense of responsibility and impeccable integrity
- Strong analytical skills

**Professional and Technical**
- At least 4 years' experience in a financial institution, with emphasis on automated transaction monitoring or AML investigation
- Prior work experience with a law enforcement agency and/or audit firm is a plus
- Experience in KYC/CDD reviews, particularly in private banking or wealth management, may also be considered.

Job ID r-13667