Responsibilities 1. Customer Due Diligence (CDD): Perform comprehensive CDD and Enhanced Due Diligence (EDD) on new and existing clients, ensuring all KYC (Know Your Customer) information is up to date and accurate. Review and verify customer documents, including identity, address, and financial information, to assess the risk level associated with each customer. Ensure compliance with internal policies, regulatory guidelines, and industry standards for customer onboarding and ongoing monitoring. 2. Transaction Monitoring: Monitor and analyze customer transactions to identify suspicious activity, ensuring adherence to AML regulations. Investigate and escalate suspicious activity reports (SARs) and alerts generated by the bank’s transaction monitoring systems. Collaborate with internal teams to resolve any flagged transactions and mitigate potential risks. 3. Risk Assessment and Reporting: Conduct risk assessments for high-risk clients and recommend appropriate actions to mitigate potential AML risks. Prepare detailed reports and document findings for review by senior management and regulatory authorities. Support the preparation of periodic AML compliance reports and ensure timely submission of SARs. 4. Regulatory Compliance: Stay updated on evolving AML, CDD, and KYC regulations to ensure compliance with local and international standards. Assist in the implementation and maintenance of AML and CDD policies and procedures. Participate in regulatory audits and assist with responding to queries from regulators. 5. Team Collaboration: Work closely with other departments such as Legal, Operations, and Risk Management to address AML-related issues. Provide support and guidance to junior staff members or new joiners on AML and CDD processes. 6. Ad-Hoc Tasks: Support the compliance team with any other AML/CFT (Counter Financing of Terrorism) related tasks or projects as needed. Qualifications: Bachelor’s degree in Finance, Law, Business Administration, or a related field. 1-3 years of experience in AML, CDD, KYC, or compliance operations within the banking or financial services sector. Strong knowledge of AML/CFT regulations, including global standards and local requirements. Familiarity with customer onboarding, risk assessment, and transaction monitoring processes. Excellent analytical and investigative skills with a keen attention to detail. Strong communication and interpersonal skills, with the ability to work effectively across teams. Proficiency in using Microsoft Office and experience with AML monitoring systems (e.g., Actimize, Mantas, or similar platforms) is an advantage. CAMS (Certified Anti-Money Laundering Specialist) certification or other relevant certifications is a plus. How to Apply: Interested applicants, please email your resume to claralim@recruitexpress.com.sg Please note that only shortlisted candidates will be contacted Clara Crystal Lim Tyn Wei CEI No: R23117784 Recruit Express Pte Ltd EA Licence No: 99C4599 #J-18808-Ljbffr RECRUIT EXPRESS PTE LTD
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