Job Description
Able to read the new regulatory notices , circular’s , guidelines issued by the local regulatory authorities.
Well versed with Bank’s internal compliance policies and procedures.
Day to day AML related issues including reviewing and handling transaction monitoring investigations on the alerts generated from Bank’s transaction monitoring system / AMLOCK system as per the local regulations and Bank ‘internal policy.
Review of daily AML Remittances , Trade finance transactions , escalate any unusual and suspicious activities to the Department Head.
Provide compliance support and advise business units on AML matters.
AML Reviewer for on-going due diligence processes for all the existing customers , new customers prior to the onboarding.
Assist in the preparation of monthly compliance reports and ensure the timely submission to CO.
Conduct monthly and quarterly compliance testing as second line of defense checks to identify the areas of non-compliance , identify and assess the risk , recommend the corrective actions to the business units.
Liaise with the auditors on the information request and draft response for observations if any.
Prepare the draft suspicious activity report or incident report.
Retention of compliance records and reports to comply with bank’s records management policy.
Provide support for the other tasks assigned by the Head of Compliance.
Prior Hands-on experience is preferred on screening application.(not mandatory).
Job Requirements:
Degree Holder with at least 3-4 years compliance experience in banking industry/financial institution.
Understanding of MAS 626 guidelines and AML requirements.
Prior experience in compliance or regulatory compliance audits are preferred.
Meticulous with attention to details.
Willing to be hands-on, team oriented and able to work under pressure.
Good communication skills (verbal and written)
