Compliance Officer (Banking/ 1 yr convertible contract / S$6,500) (ID: 701585)

Position is a 1 year contract, renewable / convertible

Responsibilities:

• Monitor daily transaction alerts from AML systems, investigate suspicious activities, and file Suspicious Transaction Reports (STRs) as necessary.
• Review and assess alerts from name screening tools (e.g., sanctions, PEPs, adverse media) to ensure adherence to international sanctions regulations.
• Conduct reviews of client onboarding processes and periodic assessments to ensure adequate Customer Due Diligence (CDD) and Enhanced Due Diligence (EDD) for high-risk clients.
• Prepare client data for FATCA and CRS reporting, ensuring compliance and data integrity.
• Contribute to the operation and enhancement of AML systems, including transaction monitoring and name screening tools.
• Support the execution and update of the Enterprise-Wide Risk Assessment (EWRA), including risk identification and control evaluation.
• Update AML/CFT policies and procedures in line with regulatory requirements.
• Assist in the drafting and review of internal AML policies and frameworks.
• Respond to regulatory inquiries and assist with internal and external audits and compliance reviews.
• Provide AML/CFT advisory support to business units, including guidance on sanctions and CDD documentation.
• Conduct AML/CFT training sessions to raise awareness among staff across various departments.
• Stay informed on regulatory changes and aid in implementing necessary control enhancements.
• Perform additional duties as assigned by management.
• Required to engage with both Native Chinese internal and external stakeholders

Requirements:

• A degree in a relevant field with a minimum of 4 years of experience in KYC and AML compliance, preferably within both private and corporate banking sectors, with experience in Transaction Monitoring.
• Demonstrated self-starter with strong interpersonal and communication skills.
• Solid analytical and problem-solving skills.
• Ability to work independently as well as collaboratively within a team.
• Proficiency in English and Mandarin to engage with both internal and external Native Chinese stakeholders.

We regret that only shortlisted candidates will be notified.

EA License No.: 01C4394 | PERSOL Singapore Pte Ltd

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