Job Description

:KEY RESPONSIBILITIES:Transaction Monitoring

• Conduct review on alert generated from the Transaction Monitoring system within the stipulated timeline using various internal and external system/database and where applicable, raising a \xe2\x80\x9cRequest for Information\xe2\x80\x9d (RFI) to the relevant Business Unit (BUs).
• Summarize, in writing, clear and concise findings of the review. Documenting and narrating the review findings with all supporting documentation within the alert of the Transaction Monitoring system.
• Ensure timely escalation to SG Compliance for suspicious transaction identified in the review via a complete \xe2\x80\x9cEscalation Memo\xe2\x80\x9d.
• To provide summary report on customer\'s transactions, including metrics and MI, as requested by SG Compliance or SG FCC.
• Support the retrieval of data for AML investigations by SG Compliance.
• Perform Quality Assurance ("QA\xe2\x80\x9d) on alerts to validate that transactions monitoring alerts were adequately reviewed and disposed timely, and potentially suspicious transactions were escalated, as warranted.
• Identify and support any process change initiatives to increase the efficiency and effectiveness of the transactions monitoring process

Customer Due Diligence (CDD) and Watch list Management (WLM)

• Perform 1st level checks on CDD alerts across all BUs for closure or assignment to BUs for further assessment.
• Create Manual CDD alerts arising from factors that are tracked outside the AML system.
• Perform 1st level checks for CDD related risk change requests from BU.
• Ensure all CDD request emails are addressed.
• Perform 1st level checks on daily WLM alerts (Name Screening) and ensure proper disposal of alerts.
• Upload relevant Lists in the AML system for CDD-risk scoring and for Name Screening.
• Undertake watchlist maintenance, including the uploading &/or removal of entries across various watchlists

KEY REQUIREMENTS:

• Bachelor\'s degree in Business, Banking & Finance, or related fields
• Min 1 year of work experience, preferably in a financial institution.
• Meticulous and detail oriented, analytical with problem-solving ability
• Good spoken and written communication skills
• Ability to work in a team.
• Able to independently manage volume-based work (i.e. the alerts assigned to be reviewed and disposed timely).

CIMB