Primary Objective:
- Ensure compliance with Singapore and HQ regulators’ AML/CFT requirements by: carrying out AML/CFT transaction monitoring and investigate alerts in a timely manner and resolve or escalate the alerts.
- To conduct AML investigations on suspicious transaction activities and to engage relevant stakeholders in obtaining required information ensuring proper documentation are in place.
- Be the key liaison officer for the handling of Production Orders issued by the authorities.
Key Responsibilities:
Ensure Compliance with Singapore and HQ Regulators' AML/CFT Requirements
Carry out AML/CFT transaction monitoring and investigate alerts in a timely manner;
- Resolve or escalate 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)
- To liaise with the relevant stakeholders in handling Production Orders issued by the authorities
- 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
