AML/KYC Compliance Officer

CHINA MERCHANTS BANK CO., LTD; Singapore; On-site; SGD 70,000 - 90,000; Full time

Job summary

A leading banking institution in Singapore seeks an AML/KYC Compliance Officer. The role involves monitoring transactions, conducting investigations, and ensuring regulatory compliance. Candidates should possess a minimum degree and have 4-6 years of experience in AML/KYC compliance within banks or CPA firms. Proficiency in both English and Mandarin is required to communicate with stakeholders effectively. The position demands strong analytical skills and the ability to work independently or as part of a team.

Qualifications

• Minimum 4-6 years of AML/KYC compliance experience in banks or CPA firms.
• Self-starter with strong interpersonal skills.
• Good analytical and problem-solving capabilities.

Responsibilities

• Monitor daily transaction alerts from AML systems.
• Conduct investigations into suspicious activities.
• Support the operation and enhancement of AML systems.
• Support operation and enhancement of AML systems.
• Assist in drafting and reviewing internal AML framework.

Skills

AML/KYC compliance experience

Interpersonal skills

Analytical skills

Problem-solving ability

Communication skills

Teamwork

Fluency in English and Mandarin

Education

Degree holder

Job description

Job Description

• Monitor daily transaction alerts generated from AML systems, conduct investigations into suspicious activities, and escape or file Suspicious Transaction Reports (STRs) as required.
• Reviewed and disposition hits from name screening tools (e.g. sanctions, PEPs, adverse media), ensuring compliance with applicable international sanctions regimes (e.g. OFAC, UN, EU).
• Review and monitor client onboarding and periodic reviews to ensure proper Customer Due Diligence (CDD), Enhanced Due Diligence (EDD) for high-risk clients, including source of wealth/funds verification.
• Prepare and validate client data related to FATCA and CRS for reporting purposes, ensuring data integrity and regulatory compliance.
• Support the operation and enhancement of AML systems, including transaction monitoring and name screening platforms.
• Assist in the execution and periodic update of the Enterprise-Wide Risk Assessment (EWRA), including risk identification and control evaluation.
• Maintain and update AML/CFT policies and procedures in alignment with MAS Notice 626, head office standards, and regulatory requirements.
• Assist in drafting and reviewing internal AML framework, policies, and procedures.
• Support regulatory submissions, respond to queries from authorities, and assist in internal/external audits, inspections, and compliance reviews.
• Provide AML/CFT advisory to business units, including sanctions, CDD documentation and requirements, control implementation and risk mitigation guidance.
• Deliver AML/CFT training and awareness to staff across functions.
• Keep abreast of regulatory developments and assist in implementing necessary control enhancements.
• Perform all other duties as assigned by, or in the absence of, the Head or Deputy of Legal and Compliance Department.

Requirements

• Min. Degree holder with at least 4 - 6 years of AML/KYC compliance experience in banks and/or CPA firms (Big 4), preferably in private and corporate banking.
• Self-starter with excellent interpersonal and communication skills.
• Good analytical and problem solving ability.
• Able to work independently and as part of a team
• Proficient in both spoken and written English and Mandarin to liaise with internal and external Chinese stakeholders