AML/KYC Compliance Officer

The AML/KYC Compliance Officer is responsible for supporting the branch’s Anti-Money Laundering, Countering the Financing of Terrorism, sanctions compliance, customer due diligence, and regulatory compliance framework. The role involves monitoring transaction activity, reviewing customer onboarding and periodic review files, managing screening alerts, supporting regulatory reporting, and ensuring that the branch’s AML/CFT controls remain aligned with MAS regulations, internal policies, and head office requirements.

Key Responsibilities

• Conduct daily review and investigation of transaction monitoring alerts generated by AML systems to identify unusual, complex, or potentially suspicious customer activities.
• Perform detailed analysis of customer transactions, account behavior, source of funds, transaction patterns, and business rationale to determine whether activities are consistent with the customer’s profile and expected account conduct.
• Escalate suspicious or high-risk matters to senior compliance management and assist in the preparation, review, and filing of Suspicious Transaction Reports where required.
• Review and clear name screening alerts relating to sanctions, politically exposed persons, adverse media, and other watchlist matches using internal and external screening platforms.
• Assess potential true matches against applicable sanctions and regulatory lists, including OFAC, United Nations, European Union, and other relevant international sanctions regimes.
• Support the customer onboarding process by reviewing KYC documentation, customer profiles, ownership structures, beneficial ownership information, risk ratings, and supporting documents.
• Conduct Customer Due Diligence and Enhanced Due Diligence reviews for higher-risk customers, including private banking clients, corporate banking clients, Chinese enterprises, and cross-border customers.
• Review and verify source of wealth and source of funds information for high-risk clients, ensuring documentation is adequate, reasonable, and in line with internal standards and regulatory expectations.
• Perform periodic reviews and trigger-event reviews of existing customers to ensure customer information, risk ratings, business activities, and KYC records remain accurate and up to date.
• Identify and escalate gaps, inconsistencies, or red flags in customer documentation, ownership structures, transaction activity, or business relationships.
• Prepare, validate, and maintain client information required for FATCA and CRS reporting, ensuring completeness, accuracy, and compliance with tax transparency obligations.
• Support the operation, testing, and enhancement of AML systems, including transaction monitoring, sanctions screening, name screening, and alert management platforms.
• Assist in reviewing system-generated alerts, identifying potential system issues, and supporting improvements to monitoring rules, screening processes, and compliance controls.
• Participate in the execution and periodic update of the Enterprise-Wide Risk Assessment, including identification of AML/CFT risks, assessment of control effectiveness, and documentation of key risk indicators.
• Assist in maintaining and updating the branch’s AML/CFT policies, procedures, manuals, and internal guidelines in accordance with MAS Notice 626, MAS Guidelines, head office standards, and other applicable regulatory requirements.
• Support the drafting, review, and enhancement of internal AML frameworks, compliance procedures, escalation protocols, and control processes.
• Assist with regulatory submissions, compliance reporting, responses to regulatory queries, and preparation of information requested by authorities, auditors, or head office.
• Support internal audits, external audits, regulatory inspections, compliance reviews, and remediation exercises relating to AML/CFT, sanctions, KYC, and financial crime compliance.
• Provide practical AML/CFT advisory support to front office, operations, relationship managers, and other business units on customer due diligence requirements, sanctions screening, documentation standards, risk assessment, and control implementation.
• Advise business stakeholders on AML/CFT red flags, client risk concerns, transaction monitoring issues, and appropriate risk mitigation measures.
• Deliver AML/CFT training and awareness sessions to staff across business and support functions to promote compliance culture and understanding of regulatory obligations.
• Monitor regulatory developments, industry guidance, enforcement actions, and changes in AML/CFT and sanctions requirements, and support the implementation of necessary control enhancements.
• Work closely with the Head and Deputy Head of Legal and Compliance to support the overall compliance function and ensure timely completion of assigned duties.
• Perform ad hoc compliance tasks, investigations, projects, and administrative duties as assigned by the Legal and Compliance Department.

Requirements

• Degree holder with at least 4 years of relevant KYC, AML, CFT, sanctions, or financial crime compliance experience within a bank or financial institution.
• Prior experience in transaction monitoring, customer due diligence, enhanced due diligence, name screening, and suspicious transaction investigation is preferred.
• Experience covering both corporate banking and private banking clients would be highly advantageous.
• Good understanding of MAS AML/CFT requirements, including MAS Notice 626, sanctions compliance expectations, KYC standards, and regulatory reporting obligations.
• Strong analytical skills with the ability to assess customer risk, identify red flags, review complex ownership structures, and evaluate suspicious transaction patterns.
• Good written and verbal communication skills, with the ability to prepare clear investigation summaries, escalation notes, compliance reports, and policy documentation.
• Self-motivated, detail-oriented, and able to work independently while managing multiple deadlines and priorities.
• Strong interpersonal skills and the ability to work effectively with front office, operations, senior management, auditors, regulators, and head office stakeholders.
• Fluent in English and Mandarin to support communication with Chinese-speaking internal and external stakeholders, including clients, business teams, and head office representatives

Interested candidates are encouraged to submit their resumes along with a cover letter outlining their relevant experience and achievements to apply79@talentvis.com or click apply now!

**We regret to inform that only shortlisted candidates would be notified**

Talentvis Singapore Pte Ltd | EA License No: 04C3537

EA Personnel Name: Reggie Tiongson | EA Personnel No: R1324767