AML/Surveillance Compliance (5-mth contract) – Private Bank – Singapore recruitment

Job Requirements

To conduct detailed analyses of sanctions and anti-money laundering (AML) risks in the escalated private banking transactions.
Facilitate resolution of aged transactional queries.
Participate in testing of AML surveillance parameters e.g. benchmarking exercises.
Oversee correct handling of Negative Information cases escalated to AML Compliance from Know Your Customer (KYC) review team for existing clients and third party payment approval requests from business.
Conduct Surveillance risk assessments relating to (i) real-time payment screening systems and (ii) post transaction monitoring systems alerts related to Correspondent Banking driven alerts.
Conducting investigations and filing suspicious activity reports (SARs) as appropriate.
Provide training to Business / Support teams on sanctions and AML compliance-related risks.
Familiarity with trading surveillance techniques and measures.
Working on special projects pursuant to requests from senior management or necessitated by pertinent current events.

Experience

Experience must include interpreting Office of Foreign Asset Control (OFAC) sanctions regulations; managing anti-money laundering (AML) compliance; supporting post-transaction monitoring to identify suspicious transactions; implementing AML Surveillance parameters, etc.
At least 3-5 years of compliance experienced gained from the banking sector here in Singapore
Experienced with AML/CFT matters, monitoring and transaction surveillance and regulatory frameworks
Familiar with MAS rules and regulations
Prior private banking compliance experienced would be a strong advantage

Taylor Root Singapore

Taylor Root - a member of The SR Group

EA Licence No. 10C4100

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