Our client is a leading wholesale digital bank, dedicated to transforming banking services through cutting-edge technology and innovation. As part of their growth plans to build their business internationally, they are looking to add an experienced Transaction Monitoring Investigator into their team.
Responsibilities:
- Monitor and analyse banking transactions and customer activities with bank systems. Identify suspicious patterns, unusual behavior, and high-risk activities that may indicate money laundering, fraud, or other illicit activities. Review and document findings, including detailed analysis with supporting evidence.
- Conduct in-depth analysis of large volumes of transactional data, identifying patterns, trends, and potential risks.
- Collaborate closely with cross-functional teams, including compliance, risk management, and technology, to optimize monitoring processes and address emerging risks.
- Review and assess complex customer profiles, account documentation, and transactional history to ensure compliance with AML and KYC regulations.
- Conduct investigations on identified suspicious transactions or activities.
- File STRs to SONAR, ensuring compliance with regulatory reporting obligations and timelines.
- Handling of day-to-day TM alerts/matters and proactively monitor aging status of TM alerts.
- Prepare comprehensive reports and documentation of suspicious activities for regulatory reporting purposes, ensuring accuracy and adherence to regulatory requirements.
- Participate in regulatory examinations, audits, and internal investigations as a subject matter expert on transaction monitoring and AML compliance.
Qualifications:
- Diploma/Bachelor's degree with min 8 years of experience in Transaction monitoring, and/or AML and CFT in a financial instituition
- Additional certifications in AML will be advantageous
- Fluent verbal proficiency in Mandarin
- Expert knowledge of Singapore AML and KYC regulations
- Proven track record of developing and implementing effective monitoring strategies and methodologies
- Excellent communication and interpersonal skills with the ability to collaborate effectively across teams and influence stakeholders at all levels.
EA Reg. No.: R22111318
EA Licence No. 16S7919
