Monitor daily transaction alerts generated from AML systems, conduct investigations into suspicious activities, and escalate or file Suspicious Transaction Reports (STRs) as required.
Reviewed and disposition hits from name screening tools (e.g. sanctions, PEPs, adverse media), ensuring compliance with applicable international sanctions regimes (e.g. OFAC, UN, EU).
Review and monitor client onboarding and periodic reviews to ensure proper Customer Due Diligence (CDD), Enhanced Due Diligence (EDD) for high-risk clients, including source of wealth/funds verification.
Prepare and validate client data related to FATCA and CRS for reporting purposes, ensuring data integrity and regulatory compliance.
Support the operation and enhancement of AML systems, including transaction monitoring and name screening platforms.
Assist in the execution and periodic update of the Enterprise-Wide Risk Assessment (EWRA), including risk identification and control evaluation.
Maintain and update AML/CFT policies and procedures in alignment with MAS Notice 626, head office standards, and regulatory requirements.
Assist in drafting and reviewing internal AML framework, policies, and procedures.
Support regulatory submissions, respond to queries from authorities, and assist in internal/external audits, inspections, and compliance reviews.
Provide AML/CFT advisory to business units, including sanctions, CDD documentation and requirements, control implementation and risk mitigation guidance.
Deliver AML/CFT training and awareness to staff across functions.
Keep abreast of regulatory developments and assist in implementing necessary control enhancements.
Perform all other duties as assigned by, or in the absence of, the Head or Deputy of Legal and Compliance Department.
Requirements:
Min. Degree holder with at least 4 - 6 years of AML/KYC compliance experience in banks and/or CPA firms (Big 4), preferably in private and corporate banking.
Self-starter with excellent interpersonal and communication skills.
Good analytical and problem solving ability.
Able to work independently and as part of a team
Proficient in both spoken and written English and Mandarin to liaise with internal and external Chinese stakeholders
