Contract AML/KYC Compliance Officer

CHINA MERCHANTS BANK CO., LTD; Singapore; On-site; SGD 50,000 - 70,000; Full time

Job summary

A leading bank in Singapore is seeking candidates for an AML/KYC compliance position. Responsibilities include monitoring transactions, investigating suspicious activities and ensuring compliance with regulatory requirements. The successful candidate will have 1-3 years of experience in AML/KYC compliance, along with excellent interpersonal and analytical skills. Fluency in both English and Mandarin is required. This role offers a great opportunity to further your career in a dynamic environment.

Qualifications

• 1-3 years of AML/KYC compliance experience in banks or CPA firms.
• Strong interpersonal and communication skills.
• Good analytical and problem-solving abilities.

Responsibilities

• Monitor daily transaction alerts and conduct investigations into suspicious activities.
• Ensure compliance with international sanctions regimes.
• Review and monitor client onboarding and CDD processes.
• Prepare client data related to FATCA and CRS reporting.

Skills

AML/KYC compliance experience

Interpersonal skills

Analytical ability

Problem-solving ability

Fluency in English

Fluency in Mandarin

Education

Degree holder

Job description

Job Description

1. Monitor daily transaction alerts generated from AML systems, conduct investigations into suspicious activities, and upscale or file Suspicious Transaction Reports (STRs) as required.
2. Reviewed and disposition hits from name screening tools (e.g. sanctions, PEPs, adverse media), ensuring compliance with applicable international sanctions regimes (e.g. OFAC, UN, EU).
3. Review and monitor client onboarding and periodic reviews to ensure proper Customer Due Diligence (CDD), Enhanced Due Diligence (EDD) for high-risk clients, including source of wealth/funds verification.
4. Prepare and validate client data related to FATCA and CRS for reporting purposes, ensuring data integrity and regulatory compliance.
5. Support the operation and enhancement of AML systems, including transaction monitoring and name screening platforms.
6. Assist in the execution and periodic update of the Enterprise-Wide Risk Assessment (EWRA), including risk identification and control evaluation.
7. Maintain and update AML/CFT policies and procedures in alignment with MAS Notice 626, head office standards, and regulatory requirements.
8. Assist in drafting and reviewing internal AML framework, policies, and procedures.
9. Support regulatory submissions, respond to queries from authorities, and assist in internal/external audits, inspections, and compliance reviews.
10. Provide AML/CFT advisory to business units, including sanctions, CDD documentation and requirements, control implementation and risk mitigation guidance.
11. Deliver AML/CFT training and awareness to staff across functions.
12. Keep abreast of regulatory developments and assist in implementing necessary control enhancements.
13. Perform all other duties as assigned by, or in the absence of, the Head or Deputy of Legal and Compliance Department.

Requirement

1. A degree holder with at least 1-3 years of AML/KYC compliance experience in banks and/or CPA firms (Big 4), preferably in private banking/corporate banking.
2. Self-starter with excellent interpersonal and communication skills.
3. Good analytical and problem-solving ability.
4. Able to work independently and as part of a team.
5. Fluent in English and Mandarin.