AML Transaction Monitoring Specialist
Job description
We are seeking a talented individual to join our team as an Anti-Money Laundering (AML) Transaction Monitoring Specialist focusing on corporate clients. In this role, you will be responsible for conducting thorough analysis of corporate transactions to detect suspicious activities and ensure compliance with regulatory requirements.
Key Responsibilities:
Conduct ongoing monitoring of corporate transactions to identify potentially suspicious activities, including but not limited to unusual patterns, large transactions, and high-risk counterparties.
Prepare and file Suspicious Transaction Reports (STRs) with relevant regulatory authorities in a timely and accurate manner, adhering to internal policies and regulatory guidelines.
Assess the AML risks associated with corporate clients and transactions, considering factors such as industry, geographic location, ownership structure, and transactional complexity.
Provide guidance and advisory support to junior members of AML TM team and TM lead, as required
Prepare insightful MIS reports for internal and/or regulatory related reporting
Conduct detailed investigations into alerted transactions, leveraging available resources such as transaction monitoring systems, customer due diligence records, and external data sources. Collaborate with cross-functional teams to resolve alert disposition and escalate potential issues as necessary.
Perform periodic reviews and quality assurance checks on transaction monitoring alerts and STR filings to ensure accuracy, completeness, and consistency with regulatory requirements and internal standards.
Job Requirements
Diploma/ degree holder with minimum 8 years’ experience in Transaction Monitoring and/or Anti-Money Laundering (AML) and Countering Terrorism Financing (CFT) in a digital and/or SME/Corporate banking environment. Additional certifications in anti-money laundering (AML) will be advantageous.
Proficiency in the Singapore AML/CFT regulations and guidelines
Ability to organise and prioritize workload, support and motivate the team in delivering all commitments on time
An accountable team player with collaborative spirit, ability to build rapport with internal stakeholders and customers
Entrepreneurial mindset – overcome challenges with creative thinking and innovative solutions
Excellent command of both spoken and written English and Mandarin Chinese to communicate with our Mandarin speaking stakeholders