Transaction Monitoring
- Conduct review on alert generated from the Transaction Monitoring system within the stipulated timeline using various internal and external system/database and where applicable, raising a “Request for Information” (RFI) to the relevant Business Unit (BUs).
- Summarize, in writing, clear and concise findings of the review. Documenting and narrating the review findings with all supporting documentation within the alert of the Transaction Monitoring system.
- Ensure timely escalation to SG Compliance for suspicious transaction identified in the review via a complete “Escalation Memo”.
- Liaise with various units of the bank - SG Financial Crime Compliance (FCC), SG Compliance, BUs and Operations (including CADD) as part of the review process
- To provide summary report on customer's transactions, including metrics and MI, as requested by SG Compliance or SG FCC.
- Support the retrieval of data for AML investigations by SG Compliance.
- Perform Quality Assurance ("QA”) on alerts to validate that transactions monitoring alerts were adequately reviewed and disposed timely, and potentially suspicious transactions were escalated, as warranted.
- Identify and support any process change initiatives to increase the efficiency and effectiveness of the transactions monitoring process
Ad hoc duties
- Support client database searches for regulatory name search requests, as required by the Head of FCC
- Perform adhoc tasks, as assigned by Head of FCA and or the Head of FCC.
KEY REQUIREMENTS:
• Bachelor’s degree in Business, Banking & Finance, or related fields
• Min. 2 years of relevant banking compliance experience
• Meticulous and detail oriented, analytical with problem-solving ability
• Good spoken and written communication skills
• Ability to work in a team.
• Able to independently manage volume-based work (i.e. the alerts assigned to be reviewed and disposed timely).