EDD Compliance

Success Human Resource Centre; Singapore; On-site; SGD 39,000 - 61,000; Full time

Job summary

Success Human Resource Centre Pte Ltd is seeking an AML Compliance Analyst in Singapore to perform Enhanced Due Diligence checks and monitor AML/CFT compliance for banking customers. The role requires at least 6 months of KYC/AML experience, a degree, and proficiency in Excel/Word.

You will review system alerts, investigate and document actions, file STRs when required, and coordinate with stakeholders. Prior banking experience is a plus.

Qualifications

• Minimum degree holder
• Must have some KYC/AML experience (Min 6 months)
• Proficient in English Language
• Proficient in Microsoft Excel and Microsoft Word
• Proficient in using email
• Good team player
• Experience in transaction monitoring will be an advantage
• Experience in retail banking or corporate banking will be an advantage

Responsibilities

• Perform Enhanced Due Diligence (EDD) checks on bank customers
• Ensure AML/CFT compliance with Singapore regulators and HQ requirements by monitoring transactions and investigating alerts
• Resolve or escalate alerts; document handling of alerts
• File suspicious transaction reports (STRs) when necessary within stipulated timelines
• Review and investigate system-generated alerts to determine next steps
• Conduct further investigations engaging relevant stakeholders to obtain required information
• Close alerts promptly with proper documentation of closure rationale
• Assist team lead with reporting to management and other stakeholders
• Maintain STRs register and follow up on requests from authorities
• Work with AML team to maintain monitoring systems and participate in testing
• Participate in projects as required by Team Lead or Head of Department
• Collaborate with other teams in Compliance space
• Handle ad-hoc duties as assigned by supervisor

Skills

KYC/AML experience

English proficiency

Team player

Transaction monitoring

Financial compliance

Retail/corporate banking experience

Education

Bachelor's degree

Tools

Microsoft Excel

Microsoft Word

Job description

Responsibilities:

• To perform EDD (Enhanced Due Diligence) checks on bank customers
• To ensure compliance with Singapore and HQ regulators' AML/CFT requirements by :
  • carry out AML/CFT transaction monitoring and investigate alerts in a timely manner;
  • resolve or escape the alerts, where appropriate
  • ensure proper documentation on the handling of alerts
  • file suspicious transaction reports, if necessary, to the relevant authorities within the stipulated timeline
• AML Transaction Monitoring
  • To review and investigate system-generated or any alerts, to determine the next course of action
  • Conduct further investigations, if necessary, by engaging relevant stakeholders to obtain the required information to ensure proper closure
  • To close the alerts promptly and maintain proper documentation on the rationale of the closure
  • To assist team lead in carrying out any necessary reporting to management as well as other stakeholders
  • To file STRs to the relevant authorities and attend to any follow-up requests from the relevant authorities to ensure proper handling and closure
  • To maintain the register of STRs filed/not filed
• Other function(s)
  • Work with other AML members to maintain the AML/CFT transaction monitoring system and conduct testing when required
  • Perform any task or participate in projects as required by the Team Lead or Head of Department
• Work closely, and support other teams within the Compliance space
• Other ad-hoc duties as assigned by supervisor

Location:

• Free shuttle bus from North, Northeast, West, Northwest

Requirements:

• Minimum Degree holder
• Must have some KYC/AML experience (Min 6 months)
• Proficient in English Language
• Proficient in Microsoft Excel and Microsoft word
• Proficient in using email
• Good team player
• Experience in transaction monitoring will be an advantage
• Experience in retail banking or corporate banking will be an advantage