KYC/COMPLIANCE JOB FUNCTIONS DESCRIPTION

Job Functions/Activities include:

• Review and prepare individual/corporate KYC/CDD (liaise with customers/correspondent banks to obtain documentations), and check new account application forms to ensure it complies with the local Authority regulations, especially the KYC requirements.
• Review and release remittance transactions in the system and to request for supporting to verify legitimacy of transactions for true match on names/high risk hits.
• Perform post-transactions analysis and investigate abnormalities in the transaction patterns using Oracle System (Post Transaction Monitoring)
• Reporting of Suspicious Transaction Reports (STRs) accordingly to local authorities for all suspicious transactions.
• Advisory - Provide advice and guidance related to KYC/Compliance regulations to business units.
• Assists on auditors' and authorities' requests (such as MAS, Corrupt Practices Investigation Bureau (CPIB), CAD, Singapore Customs and Accountant-General's Department) to obtaining required information, checking & verifying of investigation report.
• Prepares monthly-consolidated reports for the KYC/Compliance department. (Reports include monthly large cash transactions report, monthly High risk transactions report, monthly Non-Cooperative Countries & Territories (NCCT) transactions report, monthly Politically Exposed Persons transactions (PEP) report, monthly Staff transactions report, monthly Inward & Outward Remittances reports, monthly MCB & MLA reports and monthly current account opening reports)
• Training - Assist in preparing the Compliance and AML/CFT quiz (Every half yearly).
• Any ad hoc jobs as assigned by Compliance Manager