Compliance Officer (12-month contract)

HABIB BANK LIMITED; Singapore; On-site; SGD 50,000 - 70,000; Full time

Job summary

A banking institution located in Singapore is seeking a Compliance Officer adept at handling transaction monitoring and alerts management. The role involves reviewing compliance systems, preparing reporting on KYC clients, and ensuring policies and procedures are up-to-date. Candidates should possess strong analytical abilities and experience in financial crime compliance. This position is integral to maintaining the integrity of the banking operations, ensuring all alerts are appropriately managed and reported.

Qualifications

• Experience in transaction monitoring and compliance management.
• Strong analytical skills to assess alerts and identify suspicious activities.

Responsibilities

• Review and manage transaction monitoring alerts in compliance systems.
• Prepare management information reports on KYC clients.
• Track and manage policies and procedures revisions.

Job description

Screening/Transaction Monitoring Alerts Management

• Ensure timely review/discounting of alerts in SafeWatch (SSW) and Financial Crime Compliance Management (FCCM) system.
• Ensure all RFI requests are duly and promptly provided to the Centre of Excellence (CoE) for the timely closure of all SSW alerts.
• Refer alerts (both SSW and FCCM) with suspicious elements/red flags to the Compliance Managers for further review and investigation.
• At the close of each working day, ensure all SSW alerts are cleared/released and to liaise with other relevant internal stakeholders for transactions that are pending SSW filtering and clearance.
• Ensure all FCCM alerts are closed within the stipulated turnaround time.

Maintenance and preparation of Management Information Reporting

• Ensure the timely updates and the accuracy of the KYC clients list monthly with the relevant stakeholders.
• Assist the Compliance Managers in the preparation of MI reporting to head office and senior management.

Policies and Procedures Management

• Track the revision due dates of all P&Ps in the branch and send out timely reminder to all stakeholders to ensure all P&Ps are revised in a timely manner.

Sanctions Bulletin

• Ensure all sanctions bulletin from head office are duly screened against the entire clients’ portfolio for the review of any true sanctions hits.

Ad Hoc Tasks/Assignments

• Perform screening/checks on information requests from MAS and other government agencies (e.g. MHA, CAD, etc.) and escalate any abnormalities found to the Compliance Managers for further review and investigation.
• Assist the Head of Compliance and the Compliance Managers with any ad hoc tasks/assignments from time to time.