Transaction Monitoring Officer

Transaction Monitoring Officer/ Assistant Manager

About The Company

Sing Investments & Finance Limited has more than 50 years of lending experience in the financing arena in Singapore. Our core activities include the acceptance of fixed and saving deposits from the public as well as the provision of loans and credit facilities to individuals and corporations, particularly the Small and Medium Enterprises (SMEs) in Singapore. The relationships that have been built over the years have earned us the reputation as one of Singapore's trusted finance companies. We are seeking dynamic individuals to grow with us and to continue building relationships with our valued customers.

We are looking for an experienced AML officer to join the AML team to support the company’s client on-boarding and ongoing monitoring activities and to ensure alignment with the company’sstandards, policies and procedures and regulatory requirements.

Responsibilities:

• Assist with timely client on-boarding and ongoing review and monitoring.
• Provide support and guidance to first line of defence on the document requirement for individual and non-individual clients.
• Provide advisory on AML CFT related matters and red flags identified by staff of the company.
• Ensure adverse news hits and increased risk factors have been appropriately identified and escalated in accordance with the company’s procedures and regulatory requirements.
• Ensure timely monitoring, reviewing, investigating and disposal of daily alerts generated by the automated Transaction Monitoring (TM) System and name screening system.
• Liaise with team, business/ support units on the investigation of cases and provide transaction monitoring and name screening advisory on alerts flagged.
• Review and disposal of transaction alerts escalated by the team.
• Follow up on media/ adverse news reporting that requires review of customers’ transactional behaviour.
• Conduct periodic sample checks on the quality of alerts disposed and to put up recommendation/ proposal for improvements.
• Conduct annual and ad hoc review of TM alert scenarios/ threshold/ parameters.
• Manage TM system enhancement activities including UAT, fine tuning of existing/ new enhancement requirements.
• Assist to provide statistics and trend analysis for periodic management report on transaction and name screening alerts flagged.
• Reporting, investigating, documenting and filing of STR on suspicious transactions and fraudulent activities.
• Provide training/guidance to junior compliance officers on disposal of transaction and name screening alerts.
• Handle queries from MAS, auditors and other external parties relating to TM and name screening system and processes.
• Keep up to date with investigation best practices including staying relevant with latest typologies, with a view to incorporate appropriate updates into the AML/CFT policy and procedure.
• Conduct annual and ad hoc review of the AML/CFT policy and procedures relating to TM system and activities.
• Conduct gap analysis on new/existing MAS Notices, Guidelines, Circulars relating to AML CFT related matters affecting TM and name screening system and processes.
• Assist with any other task as assigned by Team Lead, Deputy and Head of Compliance.
• Assume as covering officer for Team Members/ Team Lead/ Supervisor when required.

Requirements:

• A recognized university degree, tertiary education or relevant professional qualification in financial service.
• 2-5 years’ experience working in a similar capacity.
• Sound knowledge of applicable Anti-Money Laundering and Counter Terrorist Financing Regulations.
• Possess strong analytical, written and verbal communication skills.
• Attention to details and have an investigative, inquisitive and questioning nature.
• Team player, proactive and able to work well independently.

Only shortlisted candidates will be notified.

Remuneration and corporate rank will commensurate with experience.