Responsibilities
1. Customer Due Diligence (CDD):
- Perform comprehensive CDD and Enhanced Due Diligence (EDD) on new and existing clients, ensuring all KYC (Know Your Customer) information is up to date and accurate.
- Review and verify customer documents, including identity, address, and financial information, to assess the risk level associated with each customer.
- Ensure compliance with internal policies, regulatory guidelines, and industry standards for customer onboarding and ongoing monitoring.
2. Transaction Monitoring:
- Monitor and analyze customer transactions to identify suspicious activity, ensuring adherence to AML regulations.
- Investigate and escalate suspicious activity reports (SARs) and alerts generated by the bank’s transaction monitoring systems.
- Collaborate with internal teams to resolve any flagged transactions and mitigate potential risks.
3. Risk Assessment and Reporting:
- Conduct risk assessments for high-risk clients and recommend appropriate actions to mitigate potential AML risks.
- Prepare detailed reports and document findings for review by senior management and regulatory authorities.
- Support the preparation of periodic AML compliance reports and ensure timely submission of SARs.
4. Regulatory Compliance:
- Stay updated on evolving AML, CDD, and KYC regulations to ensure compliance with local and international standards.
- Assist in the implementation and maintenance of AML and CDD policies and procedures.
- Participate in regulatory audits and assist with responding to queries from regulators.
5. Team Collaboration:
- Work closely with other departments such as Legal, Operations, and Risk Management to address AML-related issues.
- Provide support and guidance to junior staff members or new joiners on AML and CDD processes.
6. Ad-Hoc Tasks:
- Support the compliance team with any other AML/CFT (Counter Financing of Terrorism) related tasks or projects as needed.
Qualifications:
- Bachelor’s degree in Finance, Law, Business Administration, or a related field.
- 1-3 years of experience in AML, CDD, KYC, or compliance operations within the banking or financial services sector.
- Strong knowledge of AML/CFT regulations, including global standards and local requirements.
- Familiarity with customer onboarding, risk assessment, and transaction monitoring processes.
- Excellent analytical and investigative skills with a keen attention to detail.
- Strong communication and interpersonal skills, with the ability to work effectively across teams.
- Proficiency in using Microsoft Office and experience with AML monitoring systems (e.g., Actimize, Mantas, or similar platforms) is an advantage.
- CAMS (Certified Anti-Money Laundering Specialist) certification or other relevant certifications is a plus.
How to Apply:
Interested applicants, please email your resume to [email protected]
Please note that only shortlisted candidates will be contacted
Clara Crystal Lim Tyn Wei
CEI No: R23117784
Recruit Express Pte Ltd
EA Licence No: 99C4599
