• Commensurate with experience
  • Singapore
  • Permanent, Full time
  • Bank of China (Singapore)
  • 2019-06-15

Reporting to Team Head, you will be part of a team of 8 - 9, to mainly perform review on transaction monitoring and STR investigations. Ideally, you bring with you minimum 3 years of relevant experience, with sound knowledge of applicable Anti-Money Laundering and Counter Terrorist Financing Regulations.

We, a leading foreign bank, invite applications for the following position:

Compliance Officer, Transaction Monitoring & STR Team

Reporting to Team Head, you will be part of a team of 8 - 9, to mainly perform review on transaction monitoring and STR investigations. Ideally, you bring with you minimum 3 years of relevant experience, with sound knowledge of applicable Anti-Money Laundering and Counter Terrorist Financing Regulations.

Responsibilities:

  • Perform detailed review of cases generated by the transaction monitoring system and/or exception reports and take appropriate follow-up action including transaction analysis, clarification of transactions with front-line staff, escalating internal STR, etc.
  • Ensure the timely disposition of cases flagged by the transaction monitoring system and adequate documentation of analysis and follow-up actions.
  • Conduct internal STR investigation and provide analysis and recommendation to AMLO or designate. Prepare Suspicious Transaction Report for submission to local agency.
  • Execute post-STR actions on STR-filed parties to subject customers to enhanced due diligence and safeguard the interest of the Branch.
  • Review and monitor parameter values and provide support and recommendations for parameter adjustments or enhancements according to regulatory developments, new transactional trends noted or system enhancement/UAT etc.
  • Maintain registers and ensure records of STR are kept in accordance with the Branch’s record retention requirement.
  • Draft, update and maintain bank-wide and departmental AML/CFT Policy and Procedure.
  • Prepare periodic and regular MIS reports for Senior Management and/or Head Office.
  • Provide proactive support to Business Units and departments in ensuring the Branch operates in accordance with the Group Policy and regulatory requirement.
  • Coordinate information request from internal auditor, external auditors and agencies such as CAD and MAS pertaining to transaction monitoring and STR.
  • Conduct and coordinate AML/CFT related trainings and AML/CFT Programs implementation.
  • Other ad-hoc duties and projects as required.

Requirements:

  • A recognised University Degree or relevant professional qualifications in financial services or audit.
  • At least 3 years of working experience in similar capacity.
  • Sound knowledge of applicable Anti-Money Laundering and Counter Terrorist Financing Regulations (KYC, Transaction Surveillance and Sanctions).
  • Possess strong analytical, written and verbal communication skills.
  • Team player, proactive and able to work independently.
  • Good proficiency in Chinese as the incumbent is required to understand Chinese documents from Head Office.