Duties include:
- Monitor client transactions and performance against fraud, card scheme requirements, internal thresholds, AML and CFT regulations.
- Review of transactions monitoring alerts to flag or identify suspicious activity outside the normal pattern and activity.
- Investigate and take immediate action on alerts, notifications and reporting to ensure compliance at all times.
- Creating necessary manual alerts for fraud detection according to the fraud trends and patterns.
- Maintain all investigation records and case outcomes.
- Reviewing fraud and chargeback levels as per internal accepted levels and as per card scheme regulations.
- Notify customers of potential breaches and make sure all necessary action is taken.
- Explore new ways that can help improve existing fraud, AML and CFT strategies.
- Work with other departments where necessary to ensure that proper action is taken followed for the respective client.
- Request and analyze the source of funds and source of wealth documentation.
- Investigating suspicions of money laundering and terrorism financing or and submitting internal suspicion transaction reports to the MLRO or his deputy when relevant.
- Assist on compliance matters that are applicable to the company.
- A financial or legal qualification.
- At least 2 years’ experience in a similar role within the financial services industry.
- Knowledge of existing regulations and directives in relation to AML is required.
- An excellent command of the English language, and any additional language would be considered an asset.