Bangkok Bank Singapore is a full license bank operating in Singapore since 1957. We provide a wide range of wholesale and consumer banking and financial services to meet the diverse needs of our clients. We have an immediate vacancy for a suitably qualified individual to join us as:

COMPLIANCE SPECIALIST

The selected candidate will join the Transaction Monitoring Team in the Bank's Compliance Department. He/She is expected to demonstrate understanding of the prevailing AML regulations specific to Singapore. The roles and responsibilities include the following:

Perform 2nd level review and analysis to determine any potential AML/CFT concerns and provide approval for escalations of trade transactions, remittances including cheques/ cash to Compliance. Document the risk assessment and the risk mitigations that support the advisory decisions (pre transaction monitoring, escalation from Operationsto Compliance).
Review and investigate all post transaction monitoring alerts generated by Transaction Monitoring System. Perform post transaction analysis where necessary.
Ensure efficient identification and monitoring of suspicious activities and transactions, and timely reporting of suspicious transactions to the authorities.
Communicate with relevant Business Units and Operations to provide transaction monitoring advisory and expertise on all transaction monitoring matters.
Assist with daily/monthly AML report checks, updating internal local list, high risk country list, review of watchlist reports and transaction escalation received from Business Units / Operations.
Undertake other ad hoc duties as and when required e.g. KYC reviews / extract of documents for audit review, provide statistics.
Maintain a current understanding of trade based money laundering red flags money laundering and terrorist financing issues as well as sanctions, including policies, procedures, regulations, industry best practices, criminal typologies and developing trends.
Identify opportunities for process improvements and any other roles where the Bank is required of you.

The ideal candidate must meet the following requirements:

Recognized Degree with minimum total work experience 3 - 5 years in the financial industry, which should include minimum of 2 years experience in AML/CFT Compliance - Transaction Monitoring (with knowledge of Trade ECDD and other types of transactions due diligence) and Investigation.
Sound knowledge of MAS regulations (MAS Notice 626, Guidelines to MAS Notice 626 and best practice papers), Sanctions, investigation and Anti-Money Laundering regulations.
Strong analytical skills and meticulous with an investigative mindset.
Good written skills for the purpose of detailing analysis and recommendation in Compliance Comments for transaction review/ investigation reports/ memo.
Good communications skills, hands-on, independent and proactive in carrying out daily tasks and investigations.
Team player and proactive and able to take initiative.

Compliance Specialist (Transaction Monitoring)