About this role
Role Overview
- Perform reviews on AML/CFT transaction alerts within the stipulated timelines.
- Handle escalation alerts from L1 Analysts, review Accounts/Transactions holistically and perform a more in-depth investigation in order to execute effective risk mitigation measures.
- Analyse transaction data to identify trends & patterns in transactions that may signify suspicious or fraudulent activities, using data and transaction monitoring tools.
- Conduct transaction reviews should transaction anomalies be observed, submit high quality Suspicious Transaction Reports (“STR”) for lodgment to the relevant authorities upon approval from Team Lead and propose Exit/Blacklisting of clients as required.
- Collaborate with other key business functions to ensure a smooth end-to-end internal process to balance business needs along with compliance risks.
- Setting of and/or Testing AML Alert Parameters and Perform UAT.
- Provide Advisory on Transactional related queries from business.
- Be part of upgrading and the ongoing maintenance of AML related Policy/Procedures.
- Be the Subject Matter Expert in AML Monitoring
- Perform any other ad-hoc legal/compliance duties that may be assigned by the team lead.
Requirements
- Compliance & Risk enthusiast – you have racked up at least 2-3 years of experience in compliance and/or transaction monitoring functions, experience in corporate customer will be preferred. You are also passionate about developing a career in risk & compliance and are interested in the financial services or payment industry.
- Analytical & detail-oriented thinker – you possess excellent problem-solving skills with demonstrated experience in solving complex business with analytical thinking. You have the natural tendency to always focus on details and hate to miss out on specifics.
- Travel enthusiast – you are a passionate traveller and understand the psychology of traveller, in particular when it comes to overseas spending behavior and its associated risks.
- Fearless self-starter – you are not afraid to suggest and implement new initiatives to tackle complex business issues, as long as the rationale are logical and sound. You do not mind getting your hands dirty in order to get things done on a tight timeline.