Investigation and EDD Officer

Job Mandate :

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 (BRS) and Money Transfer System (MTS) 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:

A. Operations Functions

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

a. Transactions with name match/es in Lexis Nexis: World Compliance and Internal Watchlist,

b. Covered Transactions,

c. Processed transactions flagged through manual and system generated alerts,

d. Maintenance of Internal Watchlist, and 

e. Preparation of Suspicious Transaction Report and Covered Transaction Report

2.. Ensures that proper controls are observed.

a. Based on available reports and tools, reviews past and/or present transactions, and identifies unusual behavior that would require further checking and due diligence,

b. Conducts thorough evaluation if transactions presently on hold can be released or returned without further delay,

c. 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, and

d. Consults with other team member or senior officer on difficult or complex cases/transactions, and 

e. Identifies and suggests systems and processes to improve controls, as well as work efficiency.

3. Acts quickly on production/system issues that will impact processing.

4. Preserves the integrity and confidentiality of transaction and account data; thus, avoiding unwanted disclosure of any information to third parties.

5. Ensure awareness on updated and relevant regulatory issuances.

B. Administrative and Reportorial Requirements

1. Prepares system access requests (SARF) and monthly allowance claims.

2. Maintains periodic administrative and compliance reports. This includes:

a. Accounts Entitlement Report,

b. Business Continuity Plan,

c. Operations Risk Management Report, 

d. Employee Records

e. Supplies Requisition

BDO Unibank, Inc. provides equal opportunity to all qualified candidates. Hiring decisions are based on job requirements and candidate qualifications, and shall not be influenced by any consideration  of race, color, religion, sex (including sexual orientation and gender identity), national or ethnic origin, or disability.                                                                                                                       Requisition ID: 24570