AML Investigator
5 days ago
An AML Investigator plays a critical role in combating financial crime by identifying, analyzing, and reporting suspicious activities for a MNC bank. This involves a deep understanding of AML laws, regulations, and investigative techniques.
Core Responsibilities
- Conduct thorough investigations into potentially suspicious transactions and activities flagged by monitoring systems or reported by internal sources.
- Analyze complex financial data, account activities, and customer profiles to identify patterns and indicators of money laundering, terrorist financing, fraud, or other illicit financial activities.
- Prepare comprehensive SARs (Suspicious Activity Reports) / STRs (Suspicious Transaction Reports) or other regulatory filings for submission to relevant financial intelligence units (FIUs) or regulatory bodies.
- Document investigation findings clearly, concisely, and in compliance with internal policies and regulatory requirements.
- Collaborate with internal stakeholders, including Compliance, Legal, Business Units, and other investigation teams.
- Stay updated on current AML/CFT (Combating the Financing of Terrorism) laws, regulations, typologies, and industry best practices.
- Participate in quality assurance processes and provide constructive feedback to enhance transaction monitoring rules and processes.
- Respond to law enforcement inquiries and regulatory requests as required.
Required Skills and Qualifications
- Bachelor's degree in Finance, Accounting, Law, Criminal Justice, Economics, or a related field. A Master's degree or professional certifications (e.g., CAMS, ICA Diploma) are highly preferred.
Qualifications:
- 2-5+ years of experience in AML investigations, financial crime compliance, risk management, or a related field within the financial services industry. Experience with correspondent banking, trade finance, or private banking is often a plus.
- Proficiency in using AML transaction monitoring systems (e.g., Actimize, Mantas).
- Knowledge of AML regulations
- Strong analytical and problem-solving skills, with the ability to interpret complex data and draw sound conclusions.
- Excellent written and verbal communication skills for report writing and stakeholder interaction.
- Proficiency in Microsoft Office Suite (Excel, Word, PowerPoint).
- Familiarity with various data analysis tools and techniques.
Regulatory Landscape:
- In-depth knowledge of the Corruption, Drug Trafficking and Other Serious Crimes (Confiscation of Benefits) Act (CDSA) and the Terrorism (Suppression of Financing) Act (TSOFA).
- Compliance with requirements from the Monetary Authority of Singapore (MAS) Notices and Guidelines (e.g., MAS Notice 626 for banks).
- Understanding of Suspicious Transaction Reporting Office (STRO) guidelines.
Market Nuances:
- Experience in a diverse, multicultural financial environment.
- Understanding of regional payment corridors and trade finance activities.
- Exposure to high-net-worth individual (HNWI) client segments and associated AML risks.
Language:
- Proficiency in English is mandatory as English is the primary medium of written and verbal communication. Knowledge of other official languages (Malay, Mandarin, Tamil) can be beneficial, especially for dealing with regional cases or diverse client bases.
The work location is CBP
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