AML Transaction Monitoring and Investigation Manager

RHB Bank

Singapore
Permanent
Full-time

20 days ago
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Company DescriptionRHB Bank was established in Singapore in 1961 as UMBC Bank, prior to the country’s independence in 1965. We assumed our present name – RHB Bank Berhad Singapore (RHBS) in 1999, after a series of expansions and strategic mergers. As a bank that has been here since the beginning, we have garnered invaluable experiences and insights which we turn into innovative solutions designed to help individuals and businesses grow and progress. Throughout the decades in Singapore, we have formed lifetime relationships with our clients and partners who have made us one of the most trusted financial institutions. Together with our experiences, insights and knowledge, we now cater to a cross-section of clients with requirements ranging from personal banking to corporate financing, offering seamless solutions and growing wealth for people and businesses. Our core businesses are streamlined into Retail Banking, Commercial Banking, Corporate Banking, Asset Management, offered through RHB Bank Berhad and RHB Asset Management Pte. Ltd. As a progressive and growing financial institution, RHB Singapore sees the importance for a strong collaborative and cohesive culture while welcoming diversity in views. As part of RHB’s aim to become the employer of choice, talent and career development initiatives are put in place to ensure equal opportunities for personal development and growth among our people. We look forward to having on board talented individuals to join our dynamic and engaging team of more than 600 employees.Job DescriptionPrimary Objective:

Ensure compliance with Singapore and HQ regulators’ AML/CFT requirements by: carrying out AML/CFT transaction monitoring and investigate alerts in a timely manner and resolve or escalate the alerts.
To conduct AML investigations on suspicious transaction activities and to engage relevant stakeholders in obtaining required information ensuring proper documentation are in place.
Be the key liaison officer for the handling of Production Orders issued by the authorities.

Key Responsibilities:Ensure Compliance with Singapore and HQ Regulators' AML/CFT RequirementsCarry out AML/CFT transaction monitoring and investigate alerts in a timely manner; * Resolve or escalate the alerts, where appropriate

Ensure proper documentation on the handling of alerts
File suspicious transaction reports, if necessary, to the relevant authorities within the stipulated timeline

AML Transaction Monitoring * To review and investigate system-generated or any alerts, to determine the next course of action

Conduct further investigations, if necessary, by engaging relevant stakeholders to obtain the required information to ensure proper closure
To close the alerts promptly and maintain proper documentation on the rationale of the closure
To assist team lead in carrying out any necessary reporting to management as well as other stakeholders
To file STRs to the relevant authorities and attend to any follow-up requests from the relevant authorities to ensure proper handling and closure
To maintain the register of STRs filed/not filed

Other function(s) * To liaise with the relevant stakeholders in handling Production Orders issued by the authorities

Work with other AML members to maintain the AML/CFT transaction monitoring system and conduct testing when required
Perform any task or participate in projects as required by the Team Lead or Head of Department
Work closely, and support other teams within the Compliance space

QualificationsRequirements:

Diploma in Business, Accounting, Banking, Finance, Economics or other related disciplines.
Preferably with minimum 3 years experience in AML Compliance in related industry
Able to exercise sound judgment and possess critical thinking skills
Possess good writing and articulation skills
Self-driven and meticulous

Additional InformationRHB is a dynamic organization that promotes a work culture of high performance, where its biggest asset, the RHB-ians, are continuously developed & nurtured to their fullest potential through its robust talent management practices.At RHB, we take PRIDE in our people and our teams. Great relationships built on trust, a ‘leading it right’ environment, challenging assignments and a culture of excellence are the pillars to the dynamic and diversified workplace we call home.

RHB Bank