Reporting: Internal Control and Compliance Manager
Job Description
· Lead and provide guidance within the Transaction Monitoring and Sanction function teams (20pax++)
· Oversight of day-to-day Transaction Monitoring and Sanction function and monitor aging status
· Assist in performing level 2 review of corporate alerts
· Assist in performing level 2 review of STORMS alerts
· Review and checking of response for Production Orders
· Filing of STR
· Assist in performing sample testing on commercial bank individual alerts cleared by Level 1 reviewers
· Review quarterly sample testing on Accuity (trade financing) alerts
· Annual review of transaction monitoring parameters and thresholds
· Review gap analysis performed by business units and assessed by team members
· Review of business/exception/extension memos
· Assist in management, HO and regulatory reporting
· Assist in audit and regulatory inspections/requests
· Review of AML policy and procedure and to undertake appropriate changes
· Conducts AML relating training as and when necessary
· Sharing session with Transaction Monitoring and Sanction team members during ongoing regular meetings
· Dissemination of regulatory updates from STRO/authority
· Any other project(s) assigned from time to time
Job Requirements
· At least Bachelor degree in Finance, Economics, Banking, or a related field
· At least 5 years of relevant experience in similar capacity in a Bank in Singapore
· English & Mandarin to liaise with all stakeholders
· Strong knowledge in local rules and regulations
· Good interpersonal skills to handle stakeholders across multiple departments
