Role:
The candidate will be part of a team to analyse client's financial activities, identify non-compliant transactions and conducts reviews to ensure compliance with country specific Anti-Money Laundering (AML) regulations. The candidate will also carry out full cycle Know Your Customer (KYC) due diligence process, collecting validating and analysing client data and prepare relevant report in accordance with regulatory standards.
Responsibilities:
- Perform customer due diligence including gathering, validating and analysing customer data gained either from the public domain and / or from customer
- Carry out full background checks on customers including assessing their source of wealth and funds to identify high-risk customers
- Monitor customer transactions and identifying suspicious activities to provide a holistic view of customer profile and behaviour
- Review customer transactions for alignment with declared profile and expected behaviour
- Identify and highlight red flags, inconsistencies or high-risk indicators
- Develop, maintain and generate reports showing the financial activity of customers individually or as part of an organisation
- Maintain detailed and accurate records of all investigations, decisions and actions taken
- Prepare and submit timely and accurate reports and other required documentation to regulatory authorities including reports of any suspicious transactions or activities
- Keeping yourself abreast with current and updated AML laws, rules, regulations and best practices (e.g. Singapore, Malaysia, Hong Kong, etc.)
Qualification/Skills Required:
- Bachelor's Degree or above in Finance, Business Finance, Accounting, or related field
- At least 3 years of AML/KYC experience in the banking or financial services industry
- Experience in AML/KYC processes and procedures
- Exposed to dealing with customer transaction monitoring and highlighting suspicious activities
- Strong analytical, investigative, and documentation skills
- Strong written and verbal communication skills
- Team player with ability to independently manage and prioritize own workload under tight timelines
- Proficiency in Mandarin as you may engage Mandarin speaking customers/documentation
