Job Description

A new and exciting Transaction Monitoring position for a large bank in Singapore. Key Responsibilities:

• Transaction Monitoring:
  • Conduct real-time monitoring of customer transactions for unusual or suspicious activity.
  • Utilize advanced analytics tools and systems to identify potential risks and anomalies.
  • Investigate and analyze alerts generated by the monitoring systems.
• Risk Assessment:
  • Assess the risk level of flagged transactions and determine the appropriate course of action.
  • Collaborate with other departments to gather additional information for comprehensive risk assessment.
• Documentation and Reporting:
  • Prepare detailed reports documenting investigation findings and recommendations.
  • Ensure timely submission of suspicious activity reports (SARs) to regulatory authorities.
• Communication and Collaboration:
  • Work closely with the Compliance team to stay abreast of regulatory changes and updates.
  • Collaborate with other departments to enhance transaction monitoring processes and controls.
• Training and Awareness:
  • Provide training to staff on transaction monitoring best practices and compliance requirements.
  • Stay informed about industry trends, emerging risks, and best practices in transaction monitoring.

Qualifications:

• Bachelor\'s degree in Finance, Accounting, Business, or a related field.
• 5 years of experience in transaction monitoring, AML, or financial crime detection.
• Strong understanding of AML regulations and compliance requirements.
• Proficient in using transaction monitoring systems and analytics tools.
• Excellent analytical and problem-solving skills.
• Effective communication and collaboration skills.
• Professional certification in AML (e.g., CAMS) is a plus.

If you are interested in this position, please feel free to drop me a message and send your CV over to slam@argyllscott.sg Argyll Scott Singapore Pte Ltd Su-May Lam EA Reg No: R1873088 Argyll Scott Asia is acting as an Employment Agency in relation to this vacancy.