Key Responsibilities
- KYC & Customer Due Diligence (CDD):
- Perform end-to-end onboarding and periodic CDD reviews for corporate clients, financial institutions, and correspondent banking accounts in accordance with MAS Notice 626 and internal policies.
- Verify ownership structures, ultimate beneficial ownership (UBO), source of wealth/funds, and ensure all customer documentation complies with local regulatory requirements.
- Payment & Sanctions Screening:
- Review and clear real-time remittance, trade finance, and name screening alerts(Sanctions, PEP, Adverse Media) in the system.
- Investigate true matches, request supporting documentation from business units or correspondent banks, and escalate potential risk hits appropriately.
- Transaction Monitoring & STR Handling:
- Perform post-transaction monitoring and pattern analysis system to detect unusual or suspicious transaction behavior.
- Conduct detailed investigations into flagged alerts and assist in drafting Suspicious Transaction Reports (STRs) for review.
- Regulatory Inquiries & Reporting:
- Assist in compiling data and preparing investigation reports for regulatory authorities (e.g., MAS, CAD, CPIB etc).
- Prepare monthly consolidated compliance management reports as required by the bank and Head Office.
- Compliance Advisory & Training:
- Provide day-to-day guidance to front-office and operational business units on KYC and local regulatory queries.
- Assist in developing and updating internal compliance training materials, SOPs, and semi-annual AML/CFT staff quizzes.
- Handle ad-hoc compliance tasks and project assignments as directed by the Compliance Manager.
Job Requirements & Qualifications
. Experience: More than 2 years of relevant experience in AML/CFT, Corporate KYC/CDD, and Transaction Monitoring within a bank preferred.
. Regulatory Knowledge: Strong working knowledge of MAS Notice 626, the Corruption, Drug Trafficking and Other Serious Crimes Act (CDSA), and local regulatory frameworks.
. Technical Skills: Hands-on familiarity with reviewing complex structures, AML Transaction Monitoring systems and sanctions screening tools.
. Soft Skills: Strong analytical ability, high attention to detail, excellent written communication, and sound risk judgment. Ability to manage investigative queries independently.
