Key Responsibilities
- Perform 2nd-level review and analysis of trade transactions, remittances, cheques and cash transactions to identify potential AML/CFT concerns.
- Review and approve transaction escalations and provide clear risk assessment and mitigation recommendations.
- Review and investigate post-transaction monitoring alerts generated by the Transaction Monitoring System and conduct further transaction analysis where required.
- Identify and assess suspicious activities and transactions and support timely reporting to the relevant authorities.
- Provide transaction monitoring advisory to Business Units and Operations.
- Assist with daily/monthly AML checks and reporting, including local lists, high-risk country lists, watchlist reports and transaction escalations.
- Maintain awareness of Trade-Based Money Laundering (TBML) red flags, AML/CFT risks, sanctions, financial crime typologies and regulatory developments.
- Assist with KYC reviews, audit requests, statistics and other compliance-related matters as required.
- Identify opportunities to improve transaction monitoring processes, controls and procedures.
- Perform other ad hoc duties and compliance-related projects as assigned.
Requirements
- 3-5 years of experience in the financial services industry, including at least 2 years of AML/CFT Compliance experience, preferably in Transaction Monitoring and Investigation.
- Experience in Trade ECDD and transaction due diligence will be an advantage.
- Good knowledge of MAS Notice 626, Guidelines to MAS Notice 626, AML/CFT requirements and sanctions.
- Experience in banking, trade finance or transaction monitoring will be an advantage.
Interested applicants please WhatsApp to Wa.me/6590100921
Toh Jun Xian
Senior Consultant
R1879771
Revup Proservices Pte Ltd
EA.24C2366
