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TM Junior Investigator

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ING

Oct 30, 2024

  • Internship
    Full-time
    Off-cycle Internship
  • Manila
  • Quick Apply

AI generated summary

  • You need a university degree, fluent English (reading and writing), and no prior TM investigation experience is required as training will be provided.
  • You will investigate complex transaction alerts for money laundering and terrorist financing, analyze data, document findings, collaborate with colleagues, and enhance your knowledge continuously.

Requirements

  • Previous work experience or experience in TM investigations is not required. You will be given comprehensive training both before and after you start working on your own investigations.
  • Fluent English, reading and writing.
  • University degree.

Responsibilities

  • You will be responsible for performing complex Transaction Monitoring TM investigations covering money laundering, terrorist financing and tax evasion.
  • Perform risk-based investigations on complex TM alerts and cases, identifying activity that could be indicative of money laundering, terrorist financing and tax evasion, following ING’s Global Standard TM Investigation Process and Procedures.
  • Analyse customer and transaction information to assess whether alerted activity is or is not normal in the context of what is known about the customer and who they are transacting with, conducting additional background research as appropriate.
  • Within the ING procedural framework, use your own judgement based on your knowledge and experience to make risk based decisions as to what is or is not normal and therefore whether to refer the alert or case for further investigation and reporting to authorities.
  • Document your investigations thoroughly and according to ING standards, by recording the details of the alert, the data you have considered, the basis of your conclusion and any evidence you have gathered that supports your conclusion.
  • Maintain your primary focus on the quality and effectiveness of investigation, whilst also ensuring that your work is completed in a timely fashion.
  • Develop a strong understanding of ING process and procedures.
  • Develop strong knowledge of how to identify, analyse and understand money laundering, terrorist financing and tax evasion “red flags” and typologies.
  • Develop a good understanding of regulations and industry leading practices in conducting TM investigations.
  • Consult and collaborate with colleagues to develop your own investigations and to help others with theirs, adopting and sharing best practice, techniques and knowledge over time, with a focus on driving continuous improvement in both your own investigations and that of the broader team.
  • Strive to learn and help your colleagues to learn continuously, taking and giving feedback constructively, participating actively in team continuous learning and development initiatives and training.

FAQs

What are the main responsibilities of the TM Junior Investigator?

The main responsibilities include performing complex Transaction Monitoring investigations for money laundering, terrorist financing, and tax evasion, analyzing customer and transaction information, making risk-based decisions, documenting investigations thoroughly, and maintaining a focus on quality and timeliness.

Is previous experience in Transaction Monitoring investigations required for this position?

No, previous work experience in TM investigations is not required. Comprehensive training will be provided both before and after starting work on individual investigations.

What skills are necessary for success in this role?

Fluency in English (reading and writing), a university degree, and a strong willingness to learn and collaborate are necessary for success in this role.

Will I be trained for this position?

Yes, you will receive comprehensive training both before and after you start working on your own investigations.

What is the focus of the investigations conducted by a TM Junior Investigator?

The focus is on identifying activity indicative of money laundering, terrorist financing, and tax evasion, while adhering to ING’s Global Standard TM Investigation Process and Procedures.

How will I document my investigations?

You will document your investigations thoroughly according to ING standards, recording details of the alert, data considered, the basis for your conclusions, and any supporting evidence gathered.

Is collaboration with colleagues encouraged in this role?

Yes, consulting and collaborating with colleagues to exchange best practices and knowledge is encouraged to drive continuous improvement in investigations.

What do I need to understand while working in this position?

You will need to develop a strong understanding of ING processes and procedures, regulations, and industry leading practices for conducting TM investigations, as well as learning to identify money laundering and terrorist financing red flags and typologies.

What opportunities will I have for continuous learning in this role?

You will have the opportunity to participate actively in team continuous learning and development initiatives, provide feedback constructively, and strive to help your colleagues learn and improve.

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ING

Empowering people to stay a step ahead in life and in business.

Finance
Industry
10,001+
Employees
1991
Founded Year

Mission & Purpose

ING is a pioneer in digital banking and on the forefront being one of the most innovative banks in the world. As ING we have a clear purpose that represents our conviction of people’s potential. We don’t judge, coach, or to tell people how to live their lives. However big or small, modest or grand, we empower people and businesses to realize their vision for a better future. We made the promise to make banking frictionless, removing barriers to progress, and make people confident in their financial decisions. As a global bank we have a huge opportunity – and responsibility – to make an impact for the better. We can play a role by financing change, sharing knowledge, and innovating. Being sustainable is in all the choices we make—as a lender, as a partner and through the services we offer our customers.