Contract Executive, Compliance (1 year contract) Income Insurance Limited

Iax GmbH; Singapore; On-site; SGD 42,000 - 62,000; Full time

Job summary

Iax GmbH is seeking an AML Compliance Analyst to perform watchlist screening, due diligence, and reviews of customer transactions. You will assess risk, prepare reports, and support AML/CFT initiatives across the organization.

The role requires AML/CFT experience, strong analytical and communication skills, and the ability to work with internal stakeholders. Proficiency in Python and Excel VBA is a plus, with responsibilities including reporting and process improvement.

Qualifications

• Diploma or degree in any discipline.
• AML/CFT experience required; certification preferred.
• Experience performing AML watchlist screening and ECDD reviews.
• Familiarity with IUL policies and Unit Trusts is a plus.
• Strong analytical abilities to assess risks and identify suspicious activity.
• Excellent written and oral communication; good stakeholder management.
• Self-motivated, proactive team player with ownership of tasks.
• Python and macro development (Excel VBA or scripting) is a plus.

Responsibilities

• Assist in AML watchlist screening and promptly handle screening queries to the AML team.
• Conduct enhanced customer due diligence reviews for new and existing customers, including screening against watchlists.
• Undertake periodic reviews of customers to identify changes in risk profiles.
• Review transaction monitoring alerts for suspicious activities and file SRs if required.
• Handle queries from Business Units promptly.
• Participate in AML-related projects and training sessions.

Skills

AML/CFT experience

Analytical abilities

Written and verbal communication

Interpersonal skills

Self-motivated

Detail-minded

Education

Diploma or Degree

AML/CFT certification preferred

Tools

Python

Excel VBA

Job description

About the job

Job Description

As part of the Anti-Money Laundering (“AML”) team within Compliance, you will be performing AML watchlist screening, customer due diligence reviews, reviewing transactions for suspicious activity and preparation of review assessments and reports.

Job Description:

1. Assist in AML watchlist screening and promptly handle screening queries to the AML team.


2. Conduct enhanced customer due diligence (“ECDD”) reviews for new and existing customers, including the screening of customers against watchlists using the in-house system, and verification of customer’s Know Your Customer documents.


3. Undertake periodic review of customers to enable the company to identify changes in the customer’s risk profiles.


4. Review the Transaction Monitoring alerts for suspicious activities. File Suspicious Transaction Report to the Commercial Affairs Department, if required.


5. Handle queries from Business Units promptly.


6. Participate in AML-related projects and/or undertake tasks assigned from time to time.


7. Participate in training sessions for staff regarding anti-money laundering/countering the financing of terrorism (“AML/CFT”) regulations and compliance procedures.

Job Requirements:

1. Diploma or Degree in any discipline.


2. AML/CFT-related experience required and certification would be preferred:


3. Conducting of AML/CFT reviews for high-net-worth and affluent individuals.


4. Experienced in reviewing Indexed Universal Life (IUL) policies and Unit Trusts as part of due diligence assessments would be preferred.


5. Strong analytical abilities to assess risks and identify suspicious activities.


6. Strong written and oral communication skills to prepare review findings and reports.


7. Good interpersonal skills to work well with internal and external stakeholders


8. Self-motivated with initiative and a good team player to deliver on the work outcomes.


9. Take ownership to optimize results and be detail-minded


10. Proficiency in Python and macro development (e.g., Excel VBA or scripting tools) is a plus.