Financial Crime Compliance Specialist Sg

Singapore, Singapore

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).

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Job Detail

  • Job Id
    JD1425941
  • Industry
    Not mentioned
  • Total Positions
    1
  • Job Type:
    Full Time
  • Salary:
    Not mentioned
  • Employment Status
    Permanent
  • Job Location
    Singapore, Singapore
  • Education
    Not mentioned