Financial Crime Compliance Specialist (Contract)

NETS; Singapore; On-site; SGD 140,000 - 210,000; Full time

Job summary

NETS is seeking a capable compliance professional to support the Vice President of Financial Crime Compliance in managing AML/CFT and sanctions risks in Singapore. You will help develop enterprise-wide programs, collaborate with stakeholders across units, and advise on customer due diligence and product assessments from ML/TF and sanctions perspectives.

You will review monitoring alerts, perform trend analysis on high-risk customers, and escalate investigations as required.

Qualifications

• Degree in accounting/finance/financial analysis/economics or business.
• ACAMS certification or Diploma in AML required.

Responsibilities

• Assist VP Financial Crime Compliance in managing AML/CFT and sanctions risk.
• Develop and implement enterprise AML/CFT and sanctions surveillance programs.
• Advise Business Units on customer due diligence for ML/TF and sanctions risk.
• Review alerts from name screening and transaction monitoring systems.
• Conduct trend analysis on high-risk customers and investigate suspicious activity.
• Escalate and lodge STRs with local authorities as needed.
• Provide advisory inputs to strengthen AML/CFT procedures and monitoring.
• Coordinate with government/law enforcement on information sharing.
• Ensure proper documentation and record-keeping of investigations.
• Prepare monthly compliance reports for Senior Management and Board.

Skills

Analytical thinking

Attention to detail

Stakeholder management

Team collaboration

Education

Bachelor's degree in accounting/finance/business/economics

Tools

ACAMS

Job description

In this role, you will assist the Vice President Financial Crime Compliance in managing the risks of money laundering, terrorism financing and sanctions.

Key Responsibilities

• Responsible to develop and implement an enterprise-wide Anti-Money Laundering and Terrorism Financing (“AML/CFT”), Sanctions Surveillance programs;
• Work collaboratively with the internal stakeholders to identify and manage money laundering, terrorism financing, sanction risks;
• Provide advisory to Business Units and Operations for customer due diligence and new product assessment from ML/TF and Sanctions risk perspectives;
• Review and assess the alerts generated by the name screening and transaction monitoring systems, as well as to contribute to the ongoing fine-tuning of thresholds and parameters within the monitoring systems;
• Perform ongoing trend analysis and monitoring on higher risk customers;
• Conduct investigation into suspicious activities/trend and escalations as well as to lodging STR with the local authority;
• Provide relevant advisories to business/support units on matters arising from ML/TF related reviews and investigations conducted;
• Liaise with government/law enforcement agencies on requested intelligence or information sharing;
• Ensure proper documentation and record keeping of reviews and investigation cases in accordance to Group standards;
• Provide inputs and support to strengthen the AML/CFT transaction monitoring and procedures;
• Manage monthly compliance reporting to Senior Management and Board; and
• Drive adhoc compliance projects assigned, including engagement of business stakeholders for successful implementation.

Requirements

• A relevant degree in related discipline accounting, finance, financial analysis, economics and business;
• Possess a Certified Money Laundering Specialists (“ACAMS”) certification or a Diploma in AML with the International Compliance Association;
• Minimum 3 years of relevant working experience in financial crime surveillance/AML;
• Experience in financial institutions, law enforcement, intelligence/analysis, or regulatory environment is preferred;
• Must be well-organized, have the ability to work under tight deadlines, make decisions, work well as part of a team and independently;
• Proven ability to engage, collaborate, influence and negotiate with key senior stakeholders.
• Possess strong analytical skills, paying careful and particular attention to detail.
• Excellent problem-solving skills, ability to prioritise and manage multiple tasks assigned.
• Strong team player with track record of working well in a collaborative environment with strong stakeholder management and communication skills.
• Strong in documentation and report writing skills.
• Self-driven with the ability to work independently