Compliance officer - Geylang

Job Scope of Compliance Officer

1. CDD: Client onboarding and ongoing monitoring- Review CDD onboarding and periodic reviews, including name screening, ensuring all due diligence is completed according to AML/CFT procedures and AML regulatory requirements.
2. Backtesting and data integrity checks for transaction monitoring: Perform regular backtesting to improve model performance and parameter tuning in transaction monitoring and transaction escalation. Perform regular reviews on data integrity for transaction monitoring.
3. Screening: Ensure adverse news hits and AML risk factors have been appropriately identified and escalated in accordance with AML procedures and regulatory requirements
4. EWRA: Assist in EWRA exercise and compilation of risk assessment results, propose resolution plans for any residue risks identified.
5. Transaction monitoring: Ensure timely Level 1 review, investigation and disposal of daily alerts generated by transaction monitoring system and name screening system. Escalate any unusual and suspicious activities to Compliance Head.
6. Assist in the responses to AML questionnaire, Sanctions questionnaire relating to due diligence for correspondent banking/RMA relationships.
7. AML Transactional reviews: Assessment and documentation of Level 1 transactional review for remittances and/or trade finance transactions, escalating material AML risks/concerns to Department Head.
8. Gap analysis(AML): Conduct gap analysis relating to AML/CFT and MAS Regulations/Best Practices affecting transaction monitoring and name screening system and processes.
9. Audits and inspection: Liaise with auditors on the information request and draft responses for observations, if any.
10. Prepare draft suspicious transactions reports.
11. Compliance Monitoring Program: Assist in drafting of compliance monitoring program .
12. Compliance Testing: Conduct regular compliance testing on monthly basis.
13. Gap analysis(Non-AML Topics): Conduct gap analysis for applicable MAS regulations/best practices (non-AML) against branch processes.
14. Maintain the compliance regulatory obligation register and controls to address new regulatory requirements.
15. Participate in ad-hoc tasks as assigned by Department Head.

Preference will be given to Singapore Citizens.