A new and exciting Transaction Monitoring position for a large bank in Singapore.
Key Responsibilities:
- Transaction Monitoring:Conduct real-time monitoring of customer transactions for unusual or suspicious activity.
Utilize advanced analytics tools and systems to identify potential risks and anomalies.
Investigate and analyze alerts generated by the monitoring systems.
- Risk Assessment:Assess the risk level of flagged transactions and determine the appropriate course of action.
Collaborate with other departments to gather additional information for comprehensive risk assessment.
- Documentation and Reporting:Prepare detailed reports documenting investigation findings and recommendations.
Ensure timely submission of suspicious activity reports (SARs) to regulatory authorities.
- Communication and Collaboration:Work closely with the Compliance team to stay abreast of regulatory changes and updates.
Collaborate with other departments to enhance transaction monitoring processes and controls.
- Training and Awareness:Provide training to staff on transaction monitoring best practices and compliance requirements.
Stay informed about industry trends, emerging risks, and best practices in transaction monitoring.
Qualifications:
- Bachelor's degree in Finance, Accounting, Business, or a related field.
- 5 years of experience in transaction monitoring, AML, or financial crime detection.
- Strong understanding of AML regulations and compliance requirements.
- Proficient in using transaction monitoring systems and analytics tools.
- Excellent analytical and problem-solving skills.
- Effective communication and collaboration skills.
- Professional certification in AML (e.g., CAMS) is a plus.
If you are interested in this position, please feel free to drop me a message and send your CV over to [email protected]
Argyll Scott Singapore Pte Ltd
Su-May Lam
EA Reg No: R1873088
