AML Risk Management (CARM) / AML Analyst

Success Human Resource Centre Pte Ltd; Singapore; On-site; SGD 29,000 - 48,000; Full time

Job summary

Success Human Resource Centre Pte Ltd invites professionals to join an AML risk management team on a 6-month contract in Singapore. You will analyse customer profiles and transactions for sanctions/AML/TF, provide risk assessments, and recommend mitigating strategies for senior management.

Expect regulatory-driven duties including CDD/EDD reviews and escalation of STRs. Candidates should hold a Diploma or Degree with at least 2 years in sanctions/AML/CFT operations or related certification.

Qualifications

• Minimum Diploma or Degree holders aspiring to develop a career in AML risk management.
• Minimum 2 years of Sanctions/AML/CFT operational experience and/or Certification in Sanctions/AML/CFT.
• Technical knowledge and understanding of regulatory requirements relating to sanctions, money laundering and terrorism financing.
• Passionate in developing a career in AML risk management and compliance.

Responsibilities

• Analysing new and existing customers’ profiles and transactions in sanctions, ML and TF.
• Providing relevant sanctions/ML/TF risk assessments of customers’ profiles and transactions, highlighting any key risk area(s).
• Recommending effective risk mitigating strategies for senior management consideration.
• Implementing approved risk mitigating strategies by ensuring thorough and consistent execution.
• Processing escalated name screening alerts and/or transaction activities alerts.
• Processing priority requests from compliance or local authorities.
• Reviewing and/or filing off internal STRs to assess if further escalation.
• Conducting Standard or Enhanced Customer Due Diligence reviews.
• Managing customers and internal stakeholders' request for information and documents.
• Exiting and closure of customer banking relationships.
• Tracking of activities progress through MIS update and reporting.
• Providing AML advisory support to internal stakeholders where required.
• Participating in on demand risk management projects and activities, including optimisation, RPA and AI RegTech initiatives.
• Period: 6 months contract; Working Hours: Monday to Friday, 9am to 6pm.

Skills

AML risk management

Regulatory knowledge

Analytical thinking

Communication skills

Stakeholder collaboration

Education

Diploma or Degree

Sanctions/AML/CFT certification

Job description

Employment Type: Contract

Monthly Salary: Up to $4300

Job Descriptions:

• Analysing new and existing customers’ profiles and transactions in the relevant sanctions, money laundering (ML) and terrorism financing (TF);
• Providing relevant sanctions/ML/TF risk assessments of customers’ profiles and transactions, highlighting any key risk area(s) for attention;
• Recommending effective risk mitigating strategies for senior management consideration; and
• Implementing approved risk mitigating strategies by ensuring thorough and consistent execution

Key learnings and duties:

Processing escalated name screening alerts and/or transaction activities alerts

Processing of priority requests from compliance or local authorities

Reviewing and/or fling off internal Suspicious Transaction Reports (UTR) to assess if further escalation to Group Regulatory Compliance Unit for STR filing is enquired

Conducting Standard or Enhanced Customer Due Diligence reviews

Managing customers and internal stakeholders' request for information and documents

Exiting and closure of customer banking relationships

Tracking of activities progress through MIS update and reporting:

Providing AML advisory support to internal stakeholders where required

Participating in on demand risk management projects and activities, including optimisation, RPA and Al RegTech initiatives

Period: 6 months contract

Working Hours: Monday to Friday, 9am to 6pm

Salary: up to $4300

Job Requirements:

• MinimumDiploma or Degree holders aspiring to develop a career in AML risk management
• Minimum 2 years of Sanctions/AML/CFT operational experience and/or Certification in Sanctions/AML/CFT
• Technical knowledge and understanding of regulatory requirements relating to sanctions, money laundering and terrorism financing.
• Passionate in developing a career in AML risk management and compliance

Independent self starter with a strong positive mindset and self-motivation ability

Meticulous, committed and focused

Possesses on inquisitive mind and raises critical challenges to augment current work processes

Strong analytical and problem-solving abilities

Has a good sense of risk acumen

Ability to influence and collaborate well with stakeholders and team members

Good written and oral communication skills and ability to interact effectively with people to different levels

Forward looking and embraces technology to drive efficient and effective AML risk management

Success Human Resource Centre Pte Ltd(EA License Number: 97C4832)
160 Robinson Road, #13-07/08/09 SBF Center, Singapore 068914
T: 6337 3183 | F: 6337 0329 | W: www.successhrc.com.sg