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.

Argyll Scott