Compliance Officer (12-month contract)

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

Job summary

A leading financial institution in Singapore seeks a compliance professional to manage screening and transaction monitoring alerts. Responsibilities include ensuring timely review of alerts, maintaining KYC client lists, and managing policies and procedures. The ideal candidate will work closely with Compliance Managers and assist in preparing management information reports. Strong attention to detail and timely follow-ups are crucial for this role.

Responsibilities

• Ensure timely review and discounting of alerts in SafeWatch and FCCM system.
• Assist in the preparation of MI reporting to head office and senior management.
• Track and send reminders for P&P revisions in a timely manner.

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.