Compliance Specialist (Transaction Monitoring)

Bangkok-Bank-Public-Company-Limited; Singapore; On-site; SGD 90,000 - 120,000; Full time

Job summary

Bangkok Bank Singapore is seeking a Compliance Specialist to join the Transaction Monitoring Team. The role requires deep understanding of AML/CFT regulations specific to Singapore and hands-on experience in transaction monitoring and investigations.

The successful candidate will review alerts, perform post-monitoring analyses, report suspicious activities, and liaise with business units. A strong analytical mindset and proactive approach are essential.

Qualifications

• Recognized degree with 3–5 years in financial services; at least 2 years AML/CFT experience.
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• Strong knowledge of MAS regulations, sanctions and AML rules.
• Good written communications and investigative mindset.

Responsibilities

• Perform 2nd level review to identify AML/CFT concerns and approve escalations.
• Review post-transaction monitoring alerts and conduct post-analysis when needed.
• Ensure identification and monitoring of suspicious activities with timely reporting to authorities.
• Coordinate with Business Units to provide transaction monitoring advisory.
• Assist with AML report checks, watchlist reviews and document extracts for audits.
• Support KYC reviews and provide statistics as required.
• Maintain understanding of red flags, sanctions and developing trends in AML/TF.

Skills

AML/CFT Compliance

Transaction Monitoring

Analytical thinking

Communication skills

Education

Bachelor's degree

Job description

Bangkok Bank Singapore is a full license bank operating in Singapore since 1957. We provide a wide range of wholesale and consumer banking and financial services to meet the diverse needs of our clients. We have an immediate vacancy for a suitably qualified individual to join us as:

COMPLIANCE SPECIALIST

The selected candidate will join the Transaction Monitoring Team in the Bank's Compliance Department. He/She is expected to demonstrate understanding of the prevailing AML regulations specific to Singapore. The roles and responsibilities include the following:

• Perform 2nd level review and analysis to determine any potential AML/CFT concerns and provide approval for escalations of trade transactions, remittances including cheques/ cash to Compliance. Document the risk assessment and the risk mitigations that support the advisory decisions (pre transaction monitoring, escalation from Operationsto Compliance).
• Review and investigate all post transaction monitoring alerts generated by Transaction Monitoring System. Perform post transaction analysis where necessary.
• Ensure efficient identification and monitoring of suspicious activities and transactions, and timely reporting of suspicious transactions to the authorities.
• Communicate with relevant Business Units and Operations to provide transaction monitoring advisory and expertise on all transaction monitoring matters.
• Assist with daily/monthly AML report checks, updating internal local list, high risk country list, review of watchlist reports and transaction escalation received from Business Units / Operations.
• Undertake other ad hoc duties as and when required e.g. KYC reviews / extract of documents for audit review, provide statistics.
• Maintain a current understanding of trade based money laundering red flags; money laundering and terrorist financing issues as well as sanctions, including policies, procedures, regulations, industry best practices, criminal typologies and developing trends.
• Identify opportunities for process improvements and any other roles where the Bank is required of you.

The ideal candidate must meet the following requirements:

• Recognized Degree with minimum total work experience 3 – 5 years in the financial industry, which should include minimum of 2 years’ experience in AML/CFT Compliance - Transaction Monitoring (with knowledge of Trade ECDD and other types of transactions due diligence) and Investigation.
• Sound knowledge of MAS regulations (MAS Notice 626, Guidelines to MAS Notice 626 and best practice papers), Sanctions, investigation and Anti-Money Laundering regulations.
• Strong analytical skills and meticulous with an investigative mindset.
• Good written skills for the purpose of detailing analysis and recommendation in Compliance Comments for transaction review/ investigation reports/ memo.
• Good communications skills, hands-on, independent and proactive in carrying out daily tasks and investigations.
• Team player and proactive and able to take initiative.