Business Analyst - Financial Crime and Anti Money Laundering (AML) Monitori

at  iCrest Sdn Bhd

JOB SUMMARY

Primary duty of a Business Analyst - Financial Crime and AML Monitoring is to design, implement, and improve systems for detecting, analyzing, and reporting suspicious activities to ensure regulatory compliance and safeguard against financial crimes. You will also be working closely with cross-functional teams, including compliance, technology, and business units, to identify, analyze, and document requirements for robust AML and financial crime monitoring solutions.

QUALIFICATIONS AND REQUIREMENTS

• Bachelor’s degree in Business, Finance, Information Technology, or related field; a relevant master’s degree or professional certification (e.g., CAMS) is preferred.
• Experience: 3-5 years of experience in AML, financial crime compliance, or transaction monitoring within financial services or a consulting environment.
• Analytical Skills: Strong analytical abilities, with experience in data analysis, SQL, and familiarity with transaction monitoring systems.
• Knowledge: In-depth knowledge of AML/CTF regulations, sanctions, and regulatory compliance requirements.
• Technical Skills: Familiarity with AML software solutions and data visualization tools; proficiency in Excel, SQL, and reporting tools.
• Communication Skills: Excellent written and verbal communication skills to document requirements, liaise with stakeholders, and present findings.
• Attention to Detail: High level of attention to detail, especially when analysing transaction patterns and identifying compliance risks.
• Relevant certifications such as CAMS (Certified Anti-Money Laundering Specialist) or CFE (Certified Fraud Examiner).
• Experience working with advanced AML monitoring software or machine learning algorithms in AML.
• Understanding of the latest financial crime trends, risk typologies, and global regulatory expectations.
  Job Type: Full-time
  Pay: From RM5,500.00 per month

Benefits:

• Health insurance
• Opportunities for promotion
• Professional development

Schedule:

• Monday to Friday

• Requirements Gathering: Collaborate with stakeholders to gather and define business requirements for financial crime and AML monitoring systems.
• Transaction Monitoring: Support the development, testing, and implementation of transaction monitoring rules and scenarios, adjusting them to adapt to emerging patterns of suspicious activity.
• Data Analysis: Perform data analysis to evaluate transaction patterns, identify anomalies, and support model tuning for more effective detection of high-risk transactions.
• Process Improvement: Work with teams to enhance AML and transaction monitoring workflows, automating manual processes and ensuring compliance with regulatory standards.
• Documentation and Reporting: Prepare detailed documentation of requirements, workflows, and procedures; generate reports for regulatory reviews and internal audits.
• Compliance Liaison: Act as the liaison between business units, compliance, and IT teams to translate regulatory requirements into actionable system specifications.
• Regulatory Compliance: Keep abreast of regulatory changes affecting AML, counter-terrorism financing (CTF), and financial crime, ensuring the company’s monitoring framework remains compliant.