Transaction Monitoring (private Banking)

Singapore, Singapore

Job Description






New



Location: Singapore


Salary: Negotiable per annum


Job Type: Permanent

Sector: Business Transformation Function: Operations Contact: Su-May Lam Expiry Date: 28 December 2023 Job Ref: JN -112023-482749

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.

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Job Detail

  • Job Id
    JD1388350
  • Industry
    Not mentioned
  • Total Positions
    1
  • Job Type:
    Full Time
  • Salary:
    Not mentioned
  • Employment Status
    Permanent
  • Job Location
    Singapore, Singapore
  • Education
    Not mentioned