JOB DESCRIPTION
- Customer AML/KYC CDD review for high risk and medium risk on deposit account holders including new or existing individual and entity customers.
- Review transaction monitoring alerts for plausibility/suspicion and documentation of its results.
- Periodic quality assurance testing on disposition of real-time transactions’ sanctions & related screening alerts & deliver its results for review.
- Assist in RFI (request for info) correspondence with internal or external stakeholders.
- Investigate, prepare information and if necessary put up recommendation to file / not file Suspicious Transaction Reporting (“STR”) & assess for any violation of sanctions regulations.
- Participate in Compliance Committee Meeting if there is a potential Suspicious Transaction Reporting (STR) case being raised.
- STR submitter in SONAR system and record keeping of the related documents.
- Update and maintains STR register.
- Assist (upon receipt of Head Office’s circular on countries risk ratings updates) to update & maintain the internal system database for operational use
- Review periodic name screening results upon delta change or incremental update in watch/sanction list(s).
- Check on media sweep hits to ensure they are properly disposed and documented
- Coordinate and prepare the MAS AML annual survey’s returns for review.
- Assist to prepare monthly MIS report to Head Office (input for transaction/screening alerts’ count).
- Assist in correspondence and liaising with auditors.
- Assist in facilitating in-house periodic compliance training.
- Assist in facilitating in-house compliance and risk awareness training to newly joined staff members.
- Assist in putting up IT job request (for the annual CRS reporting returns generation) annually.
- Ensure by reminding owners of outsourcing arrangements to timely complete periodic risk review.
- Assist CCO to attend to court orders or legal letters by mainly checking against our customer base and prepare reply to legal firms.
- Assist in other compliance ad-hoc duties as may be assigned.
Requirements
1. Keen to learn and grow in a commercial banking environment.
2. Preferably with ability to liaise with Chinese speaking clients and handle Chinese Documents.
3. Possess a recognised University Degree or diploma in Business / Accountancy / Banking / Finance Engineering
4. Able to handle adhoc projects.
5. Possess good analytical, good interpersonal and communication skills. Co-operative team player.
