Key Responsibilities:
- Analyse new and existing customers’ profiles and transactions for potential risks related to sanctions, money laundering (ML), and terrorism financing (TF).
- Provide detailed risk assessments of customer profiles and transactions, highlighting key areas of concern.
- Process escalated name screening and transaction activity alerts, ensuring timely response to high-priority requests from compliance teams or local authorities.
- Review and file internal STRs to assess whether further escalation is needed for potential suspicious activities.
- Track and report on the progress of activities for management updates, including escalations and risk mitigation measures.
- Make informed recommendations following customer due diligence, including enhanced due diligence, transaction monitoring, and potential associations with sanctioned entities or politically exposed persons (PEPs).
- Recommend test scenarios and carry out testing of control activities and systems to ensure compliance and Assist in both internal and external audits or investigations related to suspicious activities.
Requirements:
- Diploma or higher qualifications in Business, Economics, or a related field.
- Proficient in data management, especially using Excel.
- Strong writing skills with the ability to draft detailed reports.
- Comfortable working with numbers and analysing financial transactions.
- Strong problem-solving skills, with an ability to identify risks and propose solutions.
- Collaborative team player, able to work well within a team environment.
Other Information:
Location: Paya Lebar
Salary: Up to $3,500/month
Working Hours: 5 days a week (Monday - Thursday: 8:30 AM - 6:00 PM, Friday: 8:30 AM - 5:30 PM)
Contract Duration: 1-Year Renewable Contract
