Transaction Monitoring Manager (Compliance Hub)

Responsibilities:

• Review, analyze and dispose of alerts raised by the system and report in a timely manner.
• Perform enhanced monitoring on customer's activities and transactions.
• Reach out to the Business Unit for additional information on the transaction where applicable.
• Investigate and file Internal Suspicious Transaction Reports (ISTR) to Financial Crime Compliance Department (FCCD) on suspicious customers and transactions.
• Prepare monthly AML statistic for report submission.
• Manage the oversight framework for outsourced Transaction Monitoring functions, including performance monitoring, quality assurance, issue escalation, and governance.
• Provide training, guidance and subject matter expertise to the outsource service centre to ensure proper closure for Transaction Monitoring alerts.
• Assist on the annual review of the Transaction Monitoring Parameters.
• Maintain and update all relevant manuals and procedures to ensure that they meet requirements.
• Collaborate and work in tandem with team members.

Requirements:

• University degree
• ACAMS qualification or ICTA AML professional qualification.
• At least 3 years in AML Compliance type role in equivalent Singapore or international bank. Working familiarity with AML regulation in Singapore and FATF best practices.
• Relevant experience in AML-related activities in a Financial Institution. (KYC/Compliance/Financial Crime), ideally in Transaction Monitoring in a bank in Singapore or other FATF compliant countries e.g., Hong Kong.
• Prior experience in performing Know Your Customer (KYC) reviews is preferred.
• Microsoft office applications, Worldcheck and comfortable with multiple bank system applications.
• Able to multi-task and toggle within multiple tight turnaround timelines.