Officer - AML Screening & Reporting

The Officer - AML Screening & Reporting plays a vital role in preparing and analyzing reports related to anti-money laundering activities, ensuring compliance with regulatory standards. Key responsibilities include analyzing financial transaction data to identify anomalies, preparing regular reports on AML systems and employee performance, and utilizing sanction screening software like Eastnets. This position also requires performing SQL queries to extract and analyze data while maintaining comprehensive documentation for audit and regulatory purposes.

To qualify for the Officer - AML Screening & Reporting position, candidates should possess a Bachelor's degree in engineering or a related analytical/technical field. Furthermore, advanced knowledge of Word & Excel (including pivot tables and formulas) is essential, alongside intermediate skills in SQL. The role demands strong analytical capabilities, critical thinking, and problem-solving skills, with effective written communication in English being essential to relay findings clearly.

In the Officer - AML Screening & Reporting role, candidates will frequently utilize sanction screening software like Eastnets, alongside Microsoft Word and Excel for creating reports and visualizations. Familiarity with SQL for data analysis is crucial. Additional preferred qualifications include knowledge of BI software such as Power BI or Tableau, as well as Python for data manipulation and visualization.

An Officer - AML Screening & Reporting ensures compliance by preparing detailed reports on AML activities and conducting thorough data analysis to detect suspicious transactions. Regular monitoring of performance through weekly, monthly, and quarterly reports helps assess the effectiveness of AML systems and identify areas for improvement. By maintaining accurate documentation and collaborating closely with the AML team, compliance with regulatory requirements can be effectively managed.

Success in the Officer - AML Screening & Reporting role hinges on a blend of technical and analytical skills. Candidates should have strong reporting skills, attention to detail, and the ability to critically evaluate financial data. Proficiency in Excel and SQL is critical for data handling, while strong communication skills are necessary for articulating findings. A proactive approach to problem-solving and adaptability in a fast-paced environment are also key attributes to thrive in this position.

When discussing your experience with AML compliance, focus on specific roles where you were involved in monitoring, reporting, or analyzing AML activities. Mention any relevant software or systems you have used, such as Eastnets, and provide examples of how your actions contributed to ensuring compliance within the organization.

To answer this, highlight your analytical skills and approach to data analysis. Discuss techniques you use for reviewing financial transactions, how you leverage software and tools, and your process for escalating any identified suspicious activities through proper channels.

Talk about your experience with reporting tools such as Microsoft Excel, Power BI, or any other BI software. Share examples of how you’ve created visualizations or reports to communicate findings effectively and the impact it had on the decision-making process.

Illustrate your problem-solving abilities by describing a specific challenge you faced in AML reporting. Outline the steps you took to address the issue, any collaboration with team members, and the outcome. Emphasizing adaptability and critical thinking will showcase your resourcefulness.

Demonstrate your commitment to AML compliance by detailing how you stay informed about regulations, such as participating in training, attending webinars, reading industry literature, or being part of professional organizations. Express how this ongoing education benefits your role.

To answer, explain your personal time-management strategies. Discuss how you assess urgency and importance, use planning tools, and communicate with team members to manage multiple reporting tasks efficiently while ensuring deadlines are met.

Highlight the importance of critical thinking in your role by providing examples of how you analyze data, make informed decisions, and interpret findings effectively. Relate this to your commitment to AML compliance and improving processes within your team.

Discuss your familiarity with database management and techniques employed when dealing with large datasets. Mention your experience with SQL for data extraction, leveraging Excel's advanced features, and best practices for ensuring accuracy and reliability during analysis.

If applicable, describe your experience using AML software such as Eastnets. Outline your responsibilities while using the software, any specific functionalities you leveraged, and how it contributed to your reporting accuracy or efficiency.

Share your insights on current industry challenges such as evolving regulations, technology risks, or increased sophistication of financial crimes. Discuss how organizations can adapt and what proactive measures you believe are necessary for compliance success.