The AML Compliance Executive supports the team in monitoring transactions, reviewing alerts, and assisting with investigations to detect potential suspicious transactions. Success in this role means demonstrating strong attention to detail, analytical thinking, and a keen interest in AML compliance. The executive will gain hands-on experience in how financial institutions prevent money laundering and terrorist financing and uphold the integrity of the financial system.
Key Responsibilities
1. Transaction Monitoring
• Review and investigate transaction monitoring alerts and escalate unusual transactions with potential AML/CFT red flags.
• Draft Suspicious Transaction Reports (STRs) for submission to STRO when required.
2. Screening Support
• Assist in AML Watchlist Screening and promptly handle screening queries to the AML team.
3. Enhanced Customer Due Diligence (“ECDD”)
• Perform ECDD checks for new and existing customers.
• Review high-risk cases including PEPs, adverse media, high premium and complex structures.
• Assess onboarding risks, customer documentation, and source of wealth and source of funds for high-risk customers
• Escalate cases appropriately and provide recommendations for approval.
• Perform ongoing periodic review of high-risk customers.
4. Training and Stakeholder Engagement
• Deliver AML/CFT training and awareness sessions to staff and representatives.
• Work closely with stakeholders from first-line business units.
• Handle queries from Business Units promptly.
5.Policy, Controls and Improvements
• Support updates of AML/CFT policy, procedures and internal guidelines.
• Participate in control testing, quality assurance reviews and process improvement initiatives.
• Review controls and procedures to ensure compliance with the applicable requirements.
6.Participate in AML-related projects and/or undertake tasks assigned from time to time.
Requirements
1. Education & Qualifications
• Diploma or Degree in any discipline.
• Professional certification such as CAMS, ICA, or IBF in AML/CFT is an advantage.
2. Experience
• AML/CFT-related experience would be preferred.
3. Skills & Competencies
• Strong analytical and research skills with attention to detail.
• Good written and verbal communication skills.
• Ability to work independently and collaboratively in a team environment.
• Curious and proactive learner, adaptable to change, demonstrates integrity, and shows initiative in problem-solving and process improvement.
• Take ownership to optimize results and be detail-minded.
What We Offer
• Opportunity to work in a dynamic compliance team
• Collaborative and supportive work culture
• Professional development
• Exposure to AML/CFT in the insurance industry with expansion to other financial advisory product offerings
Unison Consulting was launched in Singapore on September 2012, the hub of the financial industry, with innovative visions in the technocratic arena. We are a boutique next-generation Technology Company with strong business-interests in Liquidity risk, Market Risk, Credit Risk and Regulatory Compliance.
Unison provides technology consulting and services to implement Risk Management and Risk Analytics System for Financial Institutions. Our services suite comprises of Techno-Functional consulting, systems integration, Business Intelligence, information management, and custom development of IT solutions, plus project management expertise for financial institutions.
We have expertise in latest cutting edge technology to achieve better total cost of ownership. Through our qualified professionals, we assist you drive your unique risk management strategies, whether that means efficient monitoring, improving risk appetite of the financial institutions, complying with regulations, or capturing growth opportunities through innovation, this is what maximizes your decision taking potential. At Unison Consulting, we view clients as partners, and our success is only measured by the success of our partners. So we put it all on the table in order to exceed expectations.
Our staff consists of young, energetic and innovative consultants who are never afraid to challenge the conventions and push the boundaries in an effort to help our clients. For every project, no matter how large or how small, we strive to not only meet your needs, but deliver a showcase in your field.
