*NEW* 6 Months Contract Compliance Executive #NJA

Recruit Express Pte Ltd; Singapore; On-site; SGD 50,000 - 80,000; Full time

Job summary

Recruit Express Pte Ltd is seeking an AML/Transaction Monitoring professional to review and clear TM alerts and assess AML/CFT risks in accordance with bank policies.

The role involves handling ad-hoc escalations, conducting due diligence, and providing advisory to various business units while ensuring timely escalation and STR filing as needed.

Qualifications

• 2 to 5 years of relevant AML/Transaction Monitoring experience within banking or financial services.
• Good understanding of AML/CFT requirements, transaction monitoring processes and STR reporting.
• Diploma or Degree in Banking, Finance, Business, Law, Compliance, or related discipline.

Responsibilities

• Review, investigate, and clear Transaction Monitoring (TM) alerts to support timely reduction of the alert backlog.
• Conduct detailed analysis of TM alerts and assess potential AML/CFT risks per bank policies.
• Perform timely reviews of ad-hoc escalations from other AML team units.
• Conduct due diligence and background checks on customers and transactions related to suspicious cases.
• Provide AML and TM advisory and SMEs to business lines and internal units.
• Liaise with stakeholders to obtain information and supporting documents for alert investigations.
• Escalate potentially suspicious cases and file Suspicious Transaction Reports (STRs) when required.

Skills

AML/Compliance knowledge

Alert investigation

Stakeholder management

KYC/CDD processes

Education

Diploma or Degree in Banking/Finance/Business/Law/Compliance

Job description

• Review, investigate, and clear Transaction Monitoring (TM) alerts to support the timely reduction of the alert backlog
• Conduct detailed analysis of transaction monitoring alerts and assess potential AML/CFT risks in accordance with the bank's policies and procedures.
• Perform timely reviews of ad-hoc escalations received from other functional units within the AML team.
• Conduct due diligence and background checks on customers and transactions relating to suspicious cases or alerts.
• Provide AML and Transaction Monitoring advisory and subject matter expertise to relevant business lines and internal functional units.
• Liaise with stakeholders to obtain relevant information and supporting documentation required for alert investigations.
• Ensure timely escalation of potentially suspicious cases and facilitate the appropriate escalation and filing of Suspicious Transaction Reports (STRs) where required.

Job Requirements

• Diploma or Degree in Banking, Finance, Business, Law, Compliance, or a related discipline.
• 2 to 5 years of relevant experience in AML, Transaction Monitoring, KYC/CDD, or Financial Crime Compliance within the banking or financial services industry.
• Good understanding of AML/CFT requirements, transaction monitoring processes, and suspicious transaction reporting.