An international European bank is hiring a Team Lead (AVP/VP)- Transaction Monitoring (Wealth Management) in their Compliance function in Singapore. It is a regional coverage role. NO WORK VISA SPONSORSHIP is provided!
- Transaction Monitoring experience
- Wealth Management/Private Banking domain experience
- AML experience advantageous
Main responsibilities: -
- Responsible for investigations and assessments of Transaction Monitoring alerts in APAC, complying to group policies and regulatory requirements.
- Identify and escalate any potential suspicious activity or material risk to the relevant Compliance heads
- Identify and investigate potential suspicious activity and transactions
- Prepare suspicious transaction memo for cases with STR recommendation;
- Make sure proper documentation and record-keeping of reviews and investigation cases, in accordance with Group and Head Office standards;
- Main point of contact to other internal investigation teams to perform investigations for the APAC region
- Performs review, analysis and provide an opinion supported with sound transaction due diligence analysis to local MLROs in APAC on third party payments
- Provide advisory to senior and regional management, Compliance teams, business units and other functions on AML/CTF matters and paymenttransparency issues across APAC
- Works closely with the local teams on the development of AML controls, processes, and procedures to ensure the operational/transactional risks within Wealth Management are effectively identified and mitigated
- Help in the management of AML/CTF tools in APAC, including deployment, decommissioning, and ongoing maintenance
- Regular discussion of cases with team members, offering guidance on complex matters
Main requirements: -
- Minimum 10 years experience in Compliance / AML areas with exposure to Transaction Monitoring and AML in an international banking organization(s).
- Good Bachelor's degree from a recognised University
- Well verse with APAC regulations as well as their practical application.
- Experienced professional with AML/TF related industry experience.
- Good understanding in Wealth Management/Private Banking business and products.
- Experience in other bank business lines (i.e. Corporate Institutional Banking, Correspondent Banking, Global Markets) is a plus.
- Experience in Cash Management, Trade, Securities, Correspondent Banking products advantageous
- Candidates with related AML Qualifications such as ICT diploma in AML and/or ACAMS will have added advantage
