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VP, Compliance (Transaction Monitoring)

Job description

Our client, a prestigious private bank, is looking for a seasoned Compliance Specialist to assist the management team in ensuring relevant Anti-Money Laundering (AML) advisory under transaction monitoring. The successful candidate will be instrumental in maintaining a robust control framework, monitoring transactions and ensuring adherence to both group and local regulatory requirements.

 

Responsibilities:

  • Support the management team, including the Head of Compliance and the Head of AML, in implementing and adhering to AML/S/CFT/ABC policies and procedures.

  • Conduct transaction monitoring and account surveillance, utilising data mining techniques to identify potential compliance issues.

  • Assist in the implementation and maintenance of AML monitoring tools such as SWIFT, Pythagoras and IMTF.  

  • Perform threshold tuning exercises to optimise AML monitoring tools.

  • Identify and address control weaknesses through ongoing reviews and monitoring of the AML/S/CFT/ABC control framework.

  • Conduct regular reviews and surveillance of compliance and AML controls, including client acceptance processes, transaction monitoring, payment filtering, client screening and timely filing of Suspicious Transaction Reports (STRs).

  • Prepare working papers and draft monitoring reports, ensuring timely follow-up and resolution of identified issues.

  • Assist in the preparation and submission of compliance and regulatory reports to management, regulators and auditors.

  • Conduct training sessions on AML/CFT/FATCA/CRS regulations, ensuring that staff are updated on new or revised regulations.

  • Support the preparation of training materials for AML/S/CFT/ABC compliance training.

  • Assist in audits, inspections and investigations as needed.

  • Collaborate with the Head of Compliance, Head of AML and the compliance team on various tasks related to monitoring, surveillance, and general compliance advice.

  • Participate in ad hoc special projects as required.

 
Requirements

  • Prefer 5 - 7 years experience in general compliance and FCC, with Bachelor's degree in finance, business administration or related field.

  • Relevant certifications in AML or compliance are a plus.

  • Mandatory experience in private bank. 

  • Evidence of good analytical and problem-solving skills with attention to detail.

  • Proficiency in using AML monitoring tools.

  • Excellent written and verbal communication skills.

  • Ability to work collaboratively in a team-oriented environment.

  • Knowledge of local and international AML regulations and compliance best practices.


Benefits

  • Attractive salary and performance-based bonuses.

  • Annual leaves, wellness and health insurances.

  • Opportunities for professional development and career advancement.

  • A collaborative and dynamic work environment.

 
Salary: Up to SGD$160,000 per year (negotiable)

 

If you are interested in this role or would like to have a discussion, please reach out to functions@tenten-partners.com.

 

Equal Opportunity Statement

TENTEN Partners is an equal opportunity firm and is committed to providing equal employment opportunities to all qualified individuals without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, age, disability, or any other protected characteristic as outlined by applicable laws.