Transaction Monitoring Specialist, Corporate Banking Compliance
OCBC Bank
- Singapore
- Permanent
- Full-time
- Perform investigations using bank proprietary systems as well as transaction review of customers flagged out through the models as part of CDD Uplift efforts.
- Conduct triggering event reviews on customers including the mapping of the customer’s organization structure, name screening of individuals/entities using prescribed search engines such as Dow Jones Factiva, Google and bank proprietary systems.
- Preparing of Unusual Transactions Report (UTR) for submission to Group Financial Crime Compliance Team.
- Ensure that all tasks are completed/submitted in accordance to the department’s desk manual, group policies and regulatory requirements within the agreed timelines/SLA.
- Assist with the development, implementation, and ongoing maintenance of the department’s Transaction Review Guidelines.
- Work with Internal or external audit, conduct training, participate in ad hoc projects and duties where assigned and ensure the effective discharge of the tasks assigned.
- Minimum 5 years of experience in post-transaction review and must be adept at detecting red flags during transaction review.
- A good understanding of money laundering, terrorist financing and sanctions issues, including policies, procedures, sanctions, regulations, industry best practice, developing trends and knowledge of review of trade finance transactions is required.
- Candidates with experience in performing KYC for corporate customers, or in formulating and analysing data analytics models would have an added advantage.
- Candidate who has experience working with bank’s internal audit or external audit, or hands on experience from assurance testing would have an added advantage.
- Professional certification such as ICA or ACAMS would be an added advantage.
- Min Diploma/Degree Holder