Support the company's AML/CFT framework by conducting transaction monitoring, investigating suspicious activities, and escalating potential risks in line with MAS Notice PSN01 requirements for a Major Payment Institution. The role focuses on ensuring effective detection, investigation, and reporting of financial crime risks within payment services. assist with compliance matters for a major payment institution.
1. Job Responsibilities:
a. Transaction Monitoring
- Review alerts generated by transaction monitoring systems and manual triggers
- Identify suspicious patterns such as structuring, rapid fund movement, unusual payment flows, sanctions risks, and high-risk jurisdictions
- Assess transactions against customer profile, source of funds, and expected business activity
- Perform enhanced reviews for higher-risk customers, products, corridors, and merchants
- Monitor merchant acquiring risks (e.g. abnormal sales, excessive refunds, irregular settlement patterns, third-party payment risks)
b. Investigation & Case Management
- Conduct investigations using KYC data, transaction history, counterparties, and supporting documents
- Document clear, concise investigation findings with proper rationale for closure or escalation
- Maintain complete audit trails and supporting evidence
- Ensure timely completion of alerts within SLA requirements
c. Suspicious Activity Escalation
- Escalate potential suspicious activities to Compliance Manager / MLRO
- Support preparation of Suspicious Transaction Report (STR) recommendations
- Assist in STR filing in accordance with internal policies and regulatory requirements
- Maintain strict confidentiality of all investigations
2. Qualifications and Experience
- AML certifications (ACAMS, ICA, CFE) preferred
- Experience with MAS inspections, audits, or remediation projects is an advantage
- Knowledge of payment services, merchant acquiring, cross-border transactions, and marketplace models
3. Core Competencies and Skills
- Strong analytical and investigative mindset
- Clear and structured writing for case documentation and escalation
- High attention to detail and ability to identify red flags
- Proficient in Excel and handling transaction data
- Ability to work independently while engaging stakeholders
- Strongtime management to handle alert volumes and deadlines
