JOB DESCRIPTION
- Customer AML/KYC CDD review for high risk and medium risk on deposit account holders including new or existing individual and entity customers.
- Review transaction monitoring alerts for plausibility/suspicion and documentation of its results.
- Periodic quality assurance testing on disposition of real-time transactions’ sanctions & related screening alerts & deliver its results for review.
- Assist in RFI (request for info) correspondence with internal or external stakeholders.
- Investigate, prepare information and if necessary put up recommendation to file / not file Suspicious Transaction Reporting (“STR”) & assess for any violation of sanctions regulations.
- Participate in Compliance Committee Meeting if there is a potential Suspicious Transaction Reporting (STR) case being raised.
- STR submitter in SONAR system and record keeping of the related documents.
- Update and maintains STR register.
- Assist (upon receipt of Head Office’s circular on countries risk ratings updates) to update & maintain the internal system database for operational use
- Review periodic name screening results upon delta change or incremental update in watch/sanction list(s).
- Check on media sweep hits to ensure they are properly disposed and documented
- Coordinate and prepare the MAS AML annual survey’s returns for review.
- Assist to prepare monthly MIS report to Head Office (input for transaction/screening alerts’ count).
- Assist in correspondence and liaising with auditors.
- Assist in facilitating in-house periodic compliance training.
- Assist in facilitating in-house compliance and risk awareness training to newly joined staff members.
- Assist in putting up IT job request (for the annual CRS reporting returns generation) annually.
- Ensure by reminding owners of outsourcing arrangements to timely complete periodic risk review.
- Assist CCO to attend to court orders or legal letters by mainly checking against our customer base and prepare reply to legal firms.
- Assist in other compliance ad-hoc duties as may be assigned.
Requirements
1. Eager to learn and grow within the field of banking compliance and AML.
2. Comfortable to liaise with Mandarin speaking Chinese clients and documentations.
3. Possess a recognised University Degree or diploma in Business / Accountancy / Banking / Finance Engineering
4. Strong interest to handle adhoc projects to develop long term professional career growth.
5. Possess good analytical, good interpersonal and communication skills. Co-operative team player.
