AML Compliance Associate
Job Summary: The AML Compliance Associate plays a crucial role in ongoing monitoring, identifying, investigating and flagging suspicious financial activities to ensure compliance with applicable laws, regulations, and internal policies. This position requires a detail-oriented individual with strong analytical skills who is committed to combating financial crime and protecting the integrity of the financial system.
Key Responsibilities:
- Quality Assurance:
- Perform sample checks on onboarding process periodic reviews, name screening, transaction monitoring and Know Your Transactions (KYT)
- Regulatory Compliance:
- Keep abreast of any changes in Regulatory requirements from respective jurisdictional Regulators
- Update Standard Operating Procedures where required
- Reporting Support:
- Assist in monthly Regulatory reporting to MAS
- Assist in monthly metrics reporting to Group Compliance
- Audit:
- Coordinate scope and tasks for annual audits and/or supervisory audits by Regulators
- Liaise with Group Compliance on audit matters
- Suspicious Transaction Reporting:
- Assist MLRO in filing of Suspicious Transaction Report (STR) to Law Enforcement Authorities
Qualifications and Skills:
● At least 3+ years of work experience in AML/CFT compliance or financial crime investigations preferably in Digital Payment Token companies.
● Knowledge of AML/CFT Compliance, regulations and guidelines (e.g. MAS Payment Services Notices, OFAC Sanctions, FATCA and etc).
● Proficiency in transaction monitoring systems, name screening software, block chain analytics tools.
● Certified Anti-Money Laundering Specialist (CAMS), ICA or similar certification is preferred.
● Excellent analytical, problem-solving, and decision-making skills.
● Strong written and verbal communication skills.
● Ability to work independently and manage multiple priorities in a fast-paced environment.
● High level of integrity, meticulous and client focused.
● Team player with flexibility and adaptability to change.