Compliance Specialist

1 week ago


Singapore WOORI BANK Full time
Roles & Responsibilities

Job Description

As a Compliance Specialist, you will play a critical role in ensuring that the organization complies with Anti-Money Laundering (AML) and Countering the Financing of Terrorism (CFT) regulations. Your expertise will support the institution’s efforts to detect and prevent financial crimes and uphold the organization's integrity.

  • Customer Due Diligence (CDD) / Know Your Employee (KYE) : Oversee and perform CDD/EDD/KYE reviews, ensuring that all customer information is accurate, complete and compliant with the bank’s internal policies and procedures
  • Document Review: Collaborating with front and back offices on FATCA/CRS and AML/KYC documentary requirements
  • Advisory Support: Handle escalations from the first line of defence on financial crime compliance matters
  • Transaction Monitoring and Name List Screening: Review and analyse transaction monitoring and name list screening alerts, identify suspicious activities, and escalate issues as needed
  • Investigation and Reporting: Investigate unusual and/or potentially suspicious transactions, preparing and filing of reports such as STRs and internal reports for submission to Global Financial Crime Compliance team
  • Training: Support the MLRO with conducting training sessions on AML/CFT, sanctions, CDD, and related topics.
  • Internal Collaboration: Work closely with front line teams to ensure compliance with AML/KYC requirements and provide guidance on adherence to the bank’s policies & procedures and regulatory expectations
  • Policy Update and Implementation: Assist in developing, updating and implementing AML/CFT policies, procedures and controls
  • Documentation and Record Keeping: Maintain comprehensive records of AML/CFT activities and ensure documentation is readily accessible for audits and reviews
  • Additional Duties: Perform other compliance-related tasks as assigned by management.

Requirements
  • Educational Background: A degree in Finance, Business, Computer Science, or a related field.
  • Professional Experience: At least 2 years of experience in AML/CFT within a financial institution.
  • Regulatory Knowledge: Familiarity with MAS regulations and industry best practices.
  • Technical Skills:

- Proficient in Microsoft Word and Excel.

- Proficiency in using FAML software and tools for transaction monitoring and transaction screening

  • Personal Attributes:

- Keen interest in compliance with a long-term commitment to the field.

- Self-motivated, resourceful, and eager to learn.

- Strong attention to detail and ability to manage multiple tasks.


Additional Information
  • Employment Type: Permanent, 5-day work week.
  • Compensation: Candidates must include their current and expected monthly salary in their application.

Tell employers what skills you have

Defence
Due Diligence
Strong Attention To Detail
Customer Information
Investigation
Team Training
Compliance
Audit Management
Trade Compliance
Audits
AML
Microsoft Word
Regulatory Requirements
Screening
Document Review

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