Investigation and Enhanced Due Diligence Officer

Primarily responsible in performing transaction review, through name sanction screening, Covered Transaction verification, and transaction monitoring, of cross-border remittances from various tie-ups, remittance agents, selected BDO Remit Offices and Subsidiaries processed via BDO Remit System and Money Transfer System on a timely and proper manner and in compliance with legal regulations, internal policies, and industry standards; which includes submission of relevant reports and findings. Likewise ensures the integrity of cross-border remittances by securing necessary information and documentation and detecting and preventing fraudulent, suspicious, and non-compliant transactions. This is to safeguard the Bank from being used to channel unlawful funds while ensuring minimal disruption to legitimate transactions, enabling them to pass through promptly.

Duties and Responsibilities:

Performs transaction review, through name screening and transactions monitoring on a timely and proper manner and in accordance with legal regulations and internal bank policies and procedures. This includes:

• Transactions with name match/es in Lexis Nexis: World Compliance and Internal Watchlist
• Covered Transactions
• Processed transactions flagged through manual and system generated alerts
• Maintenance of Internal Watchlist
• Preparation of Suspicious Transaction Report and Covered Transaction Report

Ensures that proper controls are observed:

• Based on available reports and tools, reviews past and/or present transactions, and identifies unusual behavior that would require further checking and due diligence.
• Conducts thorough evaluation if transactions presently on hold can be released or returned without further delay
• Evaluates if past dispositions of other team members were conducted correctly, identifies gaps in Transaction Review and Monitoring handling, and recommends corrective measures so that improper handling in the future will be interrupted
• Consults with other team members or senior officers on difficult or complex cases/transactions
• Identifies and suggests systems and processes to improve controls as well as work efficiency

Acts quickly on production/system issues that will impact processing

Preserves the integrity and confidentiality of transactions and account data

Ensures awareness on updated and relevant regulatory issuances

Administrative and Reportorial Requirements:

• Prepares system access requests and monthly allowance claims
• Maintains periodic administrative and compliance reports
• Prepares reports required by management and regulators on a timely manner
• Provides support to Business Development Unit, BDO branches, tie-ups and remittance agents, and other Remittance and Head Office Units

Qualifications:

- Must be a Bachelors degree holder

- At least 3 years of experience in Remittance Operations, Transaction Review and Monitoring, Compliance, Data Analytics, Project Management

- Skills in problem solving, and decision-making, effective communication, organization, presentation and data analytics skills

Candidate must be willing to work onsite either in Makati or Ortigas.