AVP/VP, Transaction Monitoring (6 months contract)

Our client is looking to add an experienced Transaction Monitoring Investigator into their team.You will be directly seconded to a leading investment bank, with high potential for renewal as the this role covers a major project.

Responsibilities:

1. Monitor and analyse banking transactions and customer activities with bank systems. Identify suspicious patterns, unusual behavior, and high-risk activities that may indicate money laundering, fraud, or other illicit activities. Review and document findings, including detailed analysis with supporting evidence.
2. Conduct in-depth analysis of large volumes of transactional data, identifying patterns, trends, and potential risks.
3. Collaborate closely with cross-functional teams, including compliance, risk management, and technology, to optimize monitoring processes and address emerging risks.
4. Review and assess complex customer profiles, account documentation, and transactional history to ensure compliance with AML and KYC regulations.
5. Conduct investigations on identified suspicious transactions or activities.
6. File STRs to SONAR, ensuring compliance with regulatory reporting obligations and timelines.
7. Handling of day-to-day TM alerts/matters and proactively monitor aging status of TM alerts.
8. Prepare comprehensive reports and documentation of suspicious activities for regulatory reporting purposes, ensuring accuracy and adherence to regulatory requirements.
9. Participate in regulatory examinations, audits, and internal investigations as a subject matter expert on transaction monitoring and AML compliance.

Qualifications:

1. Diploma/Bachelor's degree with min 8 years of experience in Transaction monitoring, and/or AML and CFT in a financial instituition
2. Additional certifications in AML will be advantageous
3. Expert knowledge of Singapore AML and KYC regulations
4. Proven track record of developing and implementing effective monitoring strategies and methodologies
5. Excellent communication and interpersonal skills with the ability to collaborate effectively across teams and influence stakeholders at all levels.

EA Reg. No.: R22111318

EA Licence No. 16S7919