Job Description
1. Transaction Monitoring
- Timely escalation of any suspicious transactions/ parties identified arising from the review of daily/ monthly alerts
- Performed investigations and conducted independent analysis on suspicious transaction activities/ parties. Assessed and recommended the need for STR filing/ exit of accounts
- Prepared STR (where warranted) and internal report/ narrative that detail investigation findings. Responsible for following up on any MAS queries
- Tabled complex cases to the Senior Management for further deliberation and approval
- Monitored any transactional activities post STR filing and advised the business accordingly.
2. Implement AML/CFT controls, policies and procedures
- Support the implementation of risk and compliance controls in accordance with AML/CFT policies and frameworks
- Conduct routine monitoring and surveillance activities
- Execute regulatory AML/CFT compliance management procedures and escalate deviations
- Support internal AML/CFT compliance testing activities
- Generate suspicious activity reports for trade, transactions and other activities
- Track the implementation of AML/CFT policies, processes and procedures and evaluate their effectiveness
3. Execute AML/CFT-related administration
- Ensure AML/CFT-related policies, processes, activities and reports are documented
- Monitor communication channels for AML/CFT queries and escalate to relevant parties
- Direct stakeholders to AML/CFT resources and references
- Report AML/CFT issues from a technology system standpoint
- Gather evidence and documentation for AML/CFT investigations
4. Support AML/CFT knowledge management
- Conduct research on industry best practices and developments to update knowledge management systems
- Gather information on the latest regulations and requirements to support the preparation of AML/CFT reports
- Compile AML/CFT activity status reports
- Document AML/CFT assessments, monitoring and surveillance findings
- Coordinate responses to compliance queries and/or regulatory queries concerning AML/CFT
- Assist in preparation of AML/CFT-related training materials
- Disseminate AML/CFT-related communication and memos
Job Requirements
- Candidate is mature with good manners.
- As Candidate is required to be familiar with the AML/CFT requirements of MAS, those with at least 3 years of working experience in a bank in Singapore (with not more than 6 FIs) will have advantage.
- Given that we are a Taiwanese bank, knowledge of mandarin is essential in performing our task efficiently.
