Anti Money Laundering Officer
About The Company
Sing Investments & Finance Limited has more than 50 years of lending experience in the financing arena in Singapore. Our core activities include the acceptance of fixed and saving deposits from the public as well as the provision of loans and credit facilities to individuals and corporations, particularly the Small and Medium Enterprises (SMEs) in Singapore. The relationships that have been built over the years have earned us the reputation as one of Singapore's trusted finance companies. We are seeking dynamic individuals to grow with us and to continue building relationships with our valued customers.
We are looking for an experienced AML officer to join the AML team to support the company’s client on-boarding and ongoing monitoring activities and to ensure alignment with the company’s standards, policies and procedures and regulatory requirements.
Responsibilities:
- Assist with timely client on-boarding and ongoing reviews and monitoring. This includes the review of the documentation requirement and completion during the client lifecycle.
- Provide support and guidance to first line of defence on the documentation requirement for individual and non-individual clients.
- Provide advisory on AML CFT related matters and red flags identified by staff of the company.
- Ensure adverse news hits and increased risk factors have been appropriately identified and escalated in accordance to company’s procedures and regulatory requirements.
- Ensure batch name screening alerts are review, assess, resolve and escalate for approval on timely basis.
- Complete transaction monitoring reviews on a timely basis.
- Perform assurance testing and monitoring to assess the effectiveness of key controls designed to address compliance and control issues and management escalation and reporting.
- Prepare regular updates/reports to senior management.
- Administer requests from internal and external regulators and internal stakeholder with respect to audit review and regulatory inspection.
- Perform gap analysis when there are changes in regulatory circulars, guidelines and notices.
- Participate in remediation, assignments and projects as and when required or assigned by Department Head.
Requirements:
- Tertiary education with at least 2 to 5 years’ experience in a compliance role, preferably in a financial institution.
- Hands-on working familiarity with AML CFT related matters especially with the implementation and operationalization of regulations, rules, policies and processes related to AML/CFT.
- A team player with demonstrated ability to manage multiple demands and priorities.
- Articulate and assertive with good interpersonal, analytical and writing skills.
- Good judgment, problem solving skills and be results/task oriented to ensure sound implementation of controls, compliance processes and procedures.
- High personal standards of integrity, ethics and commitment to fulfilling the objectives of the position.
Only shortlisted candidates will be notified.
Remuneration and corporate rank will commensurate with experience.
