Compliance Officer (Transaction Monitoring)

Borr Drilling; Singapore; On-site; SGD 20,000 - 60,000; Full time

Job summary

A leading compliance team in Singapore is looking for a qualified candidate to review transaction alerts and KYC processes. The ideal candidate should possess a diploma/degree in relevant fields and demonstrate strong understanding of AML/CFT regulations. This role requires excellent problem-solving skills and the ability to work under pressure while maintaining high ethical standards.

Qualifications

• Solid understanding of MAS' AML/CFT regulatory requirements.
• Ability to work under pressure in a team environment.
• Diligent and firm with high ethical standards.

Responsibilities

• Review transaction alerts and perform holistic reviews as part of KYC.
• Draft Suspicious Transaction Reporting and generate statistics.
• Assist in ad-hoc projects related to compliance and AML.

Skills

Problem-solving

Adaptability

Interpersonal skills

Communication

Attention to detail

Education

Diploma/Degree in Accountancy, Finance, or Business

Job description

Key Responsibilities:

• Perform review of transaction alerts which are generated out of the transaction monitoring system
• Perform holistic of review of transactions as part of the KYC periodic review process
• Review name screening hits arising from payments screening at pre-transaction level
• Perform investigation of transactions
• Draft Suspicious Transaction Reporting
• Generate statistics of alerts generated/ cleared alerts and pending alerts
• Perform threshold analysis review to determine appropriateness
• Contribute and assist in ad-hoc projects undertaken by the Compliance Team (e.g Remediation efforts, Audits, AML/CFT Trainings for employees, UAT testing for new systems)
• Demonstrate adaptability and promptness in adjusting to new Anti-Money Laundering (AML) policies, processes, and system knowledge

Requirements:

• Diploma/Degree in Accountancy, Finance or Business or other relevant qualification
• Solid understanding of MAS’ AML/CFT regulatory requirements
• Proactive and problem-solver who is creative, with ability to adapt and improvise accordingly
• Meticulous and sensitive in handling clients’ information.
• Ability to work effectively under pressure in a team environment
• Excellent interpersonal and communication skills (candidate is expected to collaborate with different Business Teams)
• Diligent and firm with high ethical standards