Job Description
The Senior Specialist of AML assists the AML Managers to handle the daily tasks mandated under the AML department.
The candidate is well-versed with financial crime developments and trends within the industry, and is a keen learner, keeping abreast of changes and new approaches within the financial crime compliance function. The candidate should possess integrity, is detail-oriented, and driven to excel. The candidate is able to adapt well to changing priorities and can effectively prioritize workflows to meet critical deadlines.
- Review Client Due Diligence for Corporate Banking
- Understanding of Source of Wealth / Source of Fund Corroboration.
- Review of client's source of wealth and provide guidance to Front Office on deficiencies and issues in the SoW documentation.
- Conduct independent assessment by reviewing the documents submitted for validation and plausibility checks against SoW of CB clients.
- Liaise with relationship managers for deficiencies of KYC information and obtain corroboration documentation.
- Assist Front Office in the documentation and AML risk assessment write-up for High-Risk CB clients.
- Conduct Alert Investigation for Transaction Monitoring
- Conduct reviews and investigations of suspicious transactions identified through transaction monitoring systems by reviewing alerts generated by the transaction monitoring system
- Conduct detailed investigations by gathering and analyzing relevant data (e.g. KYC, transactional history, customer profiles)
- Identify unusual transaction patterns and assess whether activity is consistent with the customer's profile and expected behavior
- To be responsible to escalate cases for financial crime investigations and file STR if required.
- Assist AML Managers with Ad-Hoc AML Projects
- Assist AML Managers in AML-related projects assigned by Head of AML
Requirements:
- Bachelor Degree in a recognized tertiary institution.
- Those with ACAMS, CACS, FRM and or CFA will have an advantage
- As Candidate is required to be familiar with the AML compliance requirement of MAS, those with at least 6-8 years of relevant working experience in Singapore Banking Industry & any AML relevant qualifications (e.g. ACAMS) will be an added advantage.
