Primary Objective
• Ensure compliance with Singapore and HQ regulators’ AML/CFT requirements by: carrying out AML/CFT transaction monitoring and investigate alerts in a timely manner and resolve or escalate the alerts.
• To conduct AML investigations on suspicious transaction activities and to engage relevant stakeholders in obtaining required information ensuring proper documentation are in place.
• Be the key liaison officer for the handling of Production Orders issued by the authorities.
Ensure Compliance With Singapore And HQ Regulators’ AML/CFT Requirements
· Carry out AML/CFT transaction monitoring and investigate alerts in a timely manner;
· Resolve or escalate the alerts, where appropriate
· Ensure proper documentation on the handling of alerts
· File suspicious transaction reports, if necessary, to the relevant authorities within the stipulated timeline
AML Transaction Monitoring
· To review and investigate system-generated or any alerts, to determine the next course of action
· Conduct further investigations, if necessary, by engaging relevant stakeholders to obtain the required information to ensure proper closure
· To close the alerts promptly and maintain proper documentation on the rationale of the closure
· To assist team lead in carrying out any necessary reporting to management as well as other stakeholders
· To file STRs to the relevant authorities and attend to any follow-up requests from the relevant authorities to ensure proper handling and closure
· To maintain the register of STRs filed/not filed
Other function(s)
· To liaise with the relevant stakeholders in handling Production Orders issued by the authorities
· Work with other AML members to maintain the AML/CFT transaction monitoring system and conduct testing when required
· Perform any task or participate in projects as required by the Team Lead or Head of Department
· Work closely, and support other teams within the Compliance space
Qualification & Experience
· Diploma qualification in Business, Accounting, Banking, Finance, Economics or other related disciplines
· Preferably with experience in AML Compliance in related industry
