Toa Payoh - Compliance Officer

Job purpose:

To perform daily TBML related hits discounting (mainly level 2 review) and other compliance duties as assigned by the Compliance Managers and Head of Compliance.

Main responsibilities:

• Ensure timely review of all TBML related hits at level 2.
• 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.

• 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.

• 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.

• 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.

• Ensure all sanctions bulletin from head office are duly screened against the entire clients’ portfolio for the review of any true sanctions hits.

• Provide support for KYC related review and matters.

• Assist the Head of Compliance and the Compliance Managers with any ad hoc tasks/assignments from time to time.

Requirements:

Minimum qualifications:

• Diploma/Bachelor Degree

Minimum experience:

• Minimum 2-3 years experience in banking (for graduate level), 4-5 years experience in banking (for Diploma level).

• 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.