This is a 12-month contract role.
The role is to assist the Head of Compliance and the Compliance Managers in the operational aspect of the Compliance duties and responsibilities as follow:
- Manage the alerts review and clearance within the stipulated turnaround time
- Perform ad hoc screening checks pertaining to information requests from MAS and other government agencies, as well as any sanctions bulletins or information provided by head office
- Prepare management information for reporting
- Track and ensure all P&Ps are duly revised before the revision due dates
- Assists the Head of Compliance and the Compliance Managers in any other ad hoc tasks/assignments/projects when the need arises.
Detailed Responsibilities are as follows:
Screening/Transaction Monitoring Alerts Management
- Ensure timely review/discounting of alerts in SafeWatch (SSW) and Financial Crime Compliance Management (FCCM) system.
- Ensure all RFI requests are duly and promptly provided to the Centre of Excellence (CoE) for the timely closure of all alerts (both SSW and FCCM).
- Refer alerts (both SSW and FCCM) with suspicious elements/red flags to the Compliance Managers for further review and investigation.
- At the close of each working day, ensure all SSW alerts are cleared/released and to liaise with other relevant internal stakeholders for transactions that are pending SSW filtering and clearance.
- Ensure all FCCM alerts are closed within the stipulated turnaround time.
Ad Hoc Information Requests from Regulator and Other Government Agencies
- Perform screening/checks on information requests from MAS and other government agencies (e.g. MHA, CAD, etc.) and escalate any abnormalities found to the Compliance Managers for further review and investigation.
Maintenance and preparation of Management Information Reporting
- Ensure the timely updates and the accuracy of the KYC clients list on a monthly basis with the relevant stakeholders.
- Assist the Compliance Managers in the preparation of MI reporting to head office and senior management.
Policies and Procedures Management
- Track the revision due dates of all P&Ps in the branch and send out timely reminder to all stakeholders to ensure all P&Ps are revised in a timely manner.
Sanctions Bulletin
- Ensure all sanctions bulletin from head office are duly screened against the entire clients portfolio for the review of any true sanctions hits.
Ad Hoc Tasks/Assignments
- Assist the Head of Compliance and the Compliance Managers with any ad hoc tasks/assignments from time to time.
Minimum qualifications:
Diploma/Bachelor Degree
Minimum experience:
Minimum 1-2 years experience in banking (fresh graduates welcome to apply).
Knowledge and Skill
- Compliance system alerts clearing/management
- Proficient in MS Office, particularly MS Excel.
- Basic understanding of banking operations.
- Keen analytical skills.
- Excellent verbal communication skills.
- Strong writing skills.
