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