EDD Analyst (AML/CFT) | Bank | Contract

Job Scope

• Perform holistic EDD assessments, with a primary focus on event-driven reviews.
• Conduct screening and background checks on customers, related parties and counterparties to identify potential risks, including sanctions exposure and adverse media.
• Analyse triggers for event-driven reviews and formulate well-structured requests for information questions to gather relevant information from customers.
• Assess money laundering, terrorism financing and sanctions risk across customer profiles and transactions and provide well-reasoned recommendations on account management strategies.
• Conduct investigations into high-risk customer profiles, suspicious transactions and unusual activities.
• Prepare and submit STRs to STRO, ensuring compliance with regulatory reporting obligations and adherence to submission timelines.
• Prepare insightful Management Information System (MIS) reports for internal and regulatory reporting, including periodic updates to the AML team.
• Proactively identify opportunities to enhance and optimise the design of EDD rules, processes and frameworks to align with evolving business needs and regulatory expectations.
• Provide expert AML/CFT advisory support to business units as required.
• Collaborate closely within AML team and other departments within the bank.
• Stay abreast of the latest regulatory developments in AML/CFT and ensure our processes align with industry-leading practices and regulatory guidelines.
• Proactively prepare for and navigate regulatory audits to ensure the frameworks and processes remain compliant.
• Support the AML team and Team Lead in executing key AML/ CFT initiatives/projects and other ad-hoc compliance matters as required.

Job Requirements

• Diploma or degree holder with a minimum 3 - 4 years of experience in Enhanced Due Diligence (EDD) reviews, investigations and/or Anti-Money Laundering (AML) and Countering Terrorism Financing (CFT) compliance within a digital, Small and Medium-sized Enterprise (SME) or corporate banking environment. Additional AML certifications will be advantageous.
• Understanding of Singapore’s AML/CFT regulations and guidelines or equivalent regulatory frameworks.
• Good verbal and written communication skills.
• Ability to prioritise tasks, manage workload efficiently and support team members in meeting deadlines.
• Self-starter with the ability to working independently with minimal supervision, while also being a collaborative team player who fosters great rapport with internal stakeholders and customers.
• Entrepreneurial mindset with the ability to analyse challenges and develop practical and innovative solutions.
• Ability to work effectively under tight deadlines and adapt to a fast-paced and dynamic environment.

We respect your privacy and all communication will be treated with confidentiality. If you wish to know more about this position or explore other roles, please prepare your updated profile and get in touch with carolyn.mendoza@manpower.com.sg | Personnel Reg No.: R1105160 | EA License: 02C3423

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