Financial Crime Surveillance Operations

Job ID: 13129

Location: Singapore, SG

Area of interest: Business Support, Management & Efficiency

Job type: Apprentice

Work style: Hybrid Working

Opening date: 3 Jan 2025

**Financial Crime Surveillance Operations (FCSO) Apprentice 2025**
- Recent Polytechnic Graduates who join the Financial Crime Surveillance Operations (FCSO) Apprenticeship Programme will go through a 12-month learning and development journey across various SG FCSO functions (including but not limited to Transaction Monitoring and Fraud, Name Screening & Regulatory Control & Risk Management Operations).**About FCSO**

FCSO is the Bank’s specialist utility in the 1st Line of Defence (1LOD) undertaking review of risk events generated, analysis of red flags and resolution or escalation of risk. We are the first step in the Bank’s fight against Financial Crime, responsible for managing the risk in the processes and ensuring an effective control environment. Our teams are located across 25 locations, supporting over 40 markets worldwide. At FCSO, we aim to work collaboratively with our partners across the businesses to deliver deliver effective and sustainable surveillance capabilities to protect the bank from financial crime risk.**FCSO Investigations**

To investigate risk events / cases
- Escalated by Financial Crime Surveillance Unit (FCSO-AA) teams (arising from Transaction Monitoring, Trade AML &/or Name Screening);
- Other escalations as per procedures / DOI; and
- Any other matter as directed by Country Head of FCSO

Responsible for identifying suspicious transactions / activities, in compliance with Group policy and procedures, laws and regulations on Anti Money Laundering (AML)/ Counter Financial Crime (CFT) in SingaporeTo support Country Head of FCSO to lead and manage the Singapore Financial Crime Surveillance Operations (FCSO) Team, including but not limited to
- Providing guidance and training to Case Investigation Specialists and relevant value chain stakeholders (e.g. FCSO-AA, FCSO-QCO, and FCSO-RFI);
- Monitoring relevant metrics and lead requisite actions to intervene, where required;
- Establishing and maintaining effective working relationship with relevant stakeholders including but not limited to Business Units, Financial Crime Compliance (FCC) and like;
- Securing credible audit / review outcome for the function;
- Ensuring timely reporting and escalation of significant risk issues to management; and
- Supporting initiatives to enhance relevant work processes for both effectiveness and efficiency purpose

**Transaction Monitoring & Fraud**
- The Transaction Monitoring & Fraud (TM) team handles monitoring of Anti Money Laundering (AML) & Fraud cases for both Correspondent & Non-Correspondent Banking based on the detection scenario rules set up in various monitoring systems. TM is a proactive, risk-focused process where analysts in FCSO identify and escalates transactions for review that are deemed unusual and may ultimately be determined to be suspicious.**Name Screening (NS)**

Name Screening process predominantly covers screening of clients and related parties prior to onboarding a relationship and on an ongoing or periodic basis. This would include screening of all New to Bank (NTB) and Existing to Bank (ETB) clients. Confirmed true matches will lead to CDD trigger reviews to manage the sanctions, politically exposed person (PEP) & adverse news risk. The process primarily focuses on identifying whether any of our bank’s existing or potential customers match against the various regulatory & internal lists used for screening.**Regulatory Control & Risk Management**

The role of the FCSO Regulatory Control & Risk Management team is to partner and support the FCSO organisation to proactively identify, quantify, prioritise and mitigate all non-financial risks. The team defines and implements a robust internal risk management framework that ensures appropriate governance and adherence to company policies and standards**About the Apprenticeship Programme**
- During this learning journey, you will embark on two 6 months rotations. You will be exposed to different projects and tasks, alongside structured trainings, mentorship and on-the-job learning. Through the programme, you’ll experience an incredible and varied global learning experience, which include:

- Talent assignments
- Technical and professional skills training
- Future Skills and development workshops
- Targeted online learning
- Inspiring thought leadership speaker events
- Real-life business problem solving and more.

**Eligibility**
- We welcome graduates from all Polytechnic Diploma disciplines with less than 2 years of working experience.
- Have the permanent legal right to work in Singapore
- Keen interest in Banking and Finance industry

**Core Skills**
- Strong analytical and judgement skills: Ability to analyse data, working knowledge of Internet and MS Office Suite & independently assimilate, analyse and evaluate information from disperse data source