AML Officer

SHINHAN BANK; Singapore; On-site; SGD 60,000 - 80,000; Full time

Job summary

A leading financial institution in Singapore is seeking a skilled professional to manage transaction monitoring and compliance. The role involves overseeing alerts, guiding due diligence processes, and ensuring timely reporting to regulatory authorities. Ideal candidates will have a Bachelor's degree in a related field, AML certifications, and fluency in Korean. Previous banking experience, especially in AML/CFT compliance, is highly preferred. This position offers an opportunity to play a vital role in maintaining the institution's compliance with regulations.

Qualifications

• Bachelor’s degree in Finance, Business, Law, Accounting, or a related discipline.
• AML-related certifications such as ACAMS, ICA, or equivalent.
• Prior experience in the banking or financial services industry is preferred.
• Strong knowledge of MAS Notice 626 and AML/CFT standards.
• Business-level fluency in Korean.

Responsibilities

• Oversee transaction monitoring alerts and conduct in-depth investigations.
• Manage guidance on CDD and EDD for new and high-risk customers.
• Ensure timely preparation and submission of STRs to MAS and STRO.
• Lead AML/CFT risk assessments and enhance internal control procedures.

Skills

Transaction monitoring

Conducting investigations

Guidance on CDD and EDD

Understanding of regulatory requirements

Fluency in Korean

Education

Bachelor's degree in Finance, Business, Law, Accounting, or related discipline

AML-related certifications such as ACAMS, ICA

Job description

Job Description

• Oversee and review transaction monitoring alerts, conduct in-depth investigations, and identify potential suspicious activities requiring escalation and filing of Suspicious Transaction Reports (STRs).
• Manage and provide guidance on CDD and Enhanced Due Diligence (EDD) for new and high-risk customers, including complex ownership structures and cross-border relationships.
• Ensure the accurate and timely preparation, review, and submission of STRs to the Monetary Authority of Singapore (MAS) and the Suspicious Transaction Reporting Office (STRO), in accordance with regulatory requirements.
• Lead AML/CFT risk assessments, maintain and enhance internal control procedures, and drive remediation efforts to address identified compliance gaps.

Requirements

• Bachelor’s degree in Finance, Business, Law, Accounting, or a related discipline.
• AML-related certifications such as ACAMS, ICA, or equivalent.
• Prior experience in the banking or financial services industry; hands‑on experience in AML/CFT or financial crime compliance is highly preferred.
• Strong working knowledge of MAS Notice 626, MAS AML/CFT Guidelines, and international AML/CFT standards (e.g. FATF).
• Business-level fluency in Korean, with the ability to effectively communicate with head office counterparts and Korean clients.