Transaction Monitoring Compliance Manager Transaction Monitoring Compliance Manager …

Bank of China
in Singapore
Permanent, Full time
Last application, 22 Oct 21
Commensurate with experience
Bank of China
in Singapore
Permanent, Full time
Last application, 22 Oct 21
Commensurate with experience
Bank of China
Reporting to the Team Head, you will be perform detailed review of cases across business segments generated by the transaction monitoring system and/or exception reports and take appropriate follow-up actions. Ideally, you bring with you at least 5 years of relevant experience with strong AML/CFT knowledge.

Job Description: 

  • Perform detailed review of cases generated by the transaction monitoring system and/or exception reports and take appropriate follow-up actions.
  • 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 5 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.
  • Effectively bilingual in English and Chinese to understand and write Chinese reports to Head Office.
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