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About Standard Chartered We are a leading international bank focused on helping people and companies prosper across Asia, Africa and the Middle East.
To us, good performance is about much more than turning a profit. It's about showing how you embody our valued behaviours - do the right thing, better together and never settle - as well as our brand promise, Here for good.
We're committed to promoting equality in the workplace and creating an inclusive and flexible culture - one where everyone can realise their full potential and make a positive contribution to our organisation. This in turn helps us to provide better support to our broad client base.
The Role Responsibilities
escalated by Financial Crime Surveillance Unit (FCSU) teams (arising from Transaction Monitoring, Trade AML &/or Name Screening); or
internal escalations submitted or referred by Business &/or other Conduct, Financial Crime and Compliance (CFCC) stakeholders (Country, Region or Group) on concerns of financial crime or
intelligence or information received via law enforcements' production orders, AML/CFT Industry Partnership (ACIP) advisories or Monetary Authority of Singapore
any other matter as directed by Singapore Head of Financial Crime (SG Head of FC)
for identifying suspicious transactions / activities and filing Suspicious Transactions Reports, in compliance with Group policy and procedures, laws and regulations in Singapore on AML/CFT.
Maintain all the registers and provide MIS in a timely manner.
Scope of role include Standard Chartered Bank (SCB) Singapore Branch, SCB (Singapore) Limited.
As a Case Investigation Specialist, conduct detailed investigations on the cases (Retail Banking's Mass market and Priority Banking clients, straightforward Trade AML cases) for the purpose of identifying suspicious transactions and preparation of Suspicious Transaction Reports (STR)/recommending for filing STR to SG Head FCC or designate.
Conduct reviews of the cases escalated by FCSU from Global Name Screening system to mitigate Sanction risks, identify customers who are PEPs or linked to adverse news and take appropriate action either by preparing Suspicious Transaction Reports (STR) or by communicating to the respective business units/RM for further action.
Ensure that cases and/or risk events raised by the Transaction Monitoring system are validated, investigated, disposed satisfactorily and investigation outcome is adequately documented, in a timely manner within Case Analysis Duration (CAD)
Contact point for all external law enforcement agencies in respect to Production Orders to the Bank. Also conducts further review of customer's features in Production Orders for possible misuse of their accounts with the Bank.
In respect of transaction surveillance, establish and develop effective working relationship with Business Units, Group and ASA Financial Crime Compliance, FCSU Transaction Surveillance team and other country CFCC teams.
Maintain registers such as SAR/STR, Case registers up-to-date & ensure timely escalations, trigger event mails are sent to RM/business touch points.
Ensure that records of suspicious activity reports are kept in accordance with the Bank's record retention requirements.
Secure 'Acceptable' audit ratings for the unit and ensure timely resolution of audit and risk related issues
Provide pro-active support to Business Units and senior management in ensuring the Bank operates in accordance with legal, regulatory and Group requirements in respect of the identification, timely reporting of SARs/STRs and lists names in name screening.
Ensure timely reporting and escalation of significant risk issues to management.
Coordinate & perform IT initiatives in managing database and systems used by the unit to ensure operational issues are promptly addressed.
Support Technology initiatives up to and including development of BRDs to support required system enhancements, UAT and system evaluations.
Coordinate & perform BCP / DR testing in addition to taking appropriate measure for managing crisis situation.
Cooperate and support the management in implementation of any other initiative (including intelligence exchange but not limited) that may arise during the course of the year
Support and drive operational excellence initiatives, to improve effectiveness & efficiency of the unit.
Our Ideal Candidate
Graduate Degree from a recognized university (Accountancy, Banking, Business, Economics or Law) or relevant professional qualification in financial services or audit
Minimum two (2) years' experience in:
conducting AML transaction monitoring investigations, including performing clients transaction reviews and open source research, with the aim of identifying potentially suspicious transactions
conducting Know Your Customer (KYC) related tasks, particularly on high risk clients and preparing/reviewing and/or filing Suspicious Transaction Reports (STRs)
Professional with core compliance or business skills.
Effective collaborative skills that contribute to positive working relationships with FCSU and SCB Singapore Business Units.
Sound knowledge of applicable AML Laws and Regulations of the respective country and the ability to interpret and apply them to actual situations.
Comply with Group Money Laundering Prevention Policy and Procedures to the extent applicable and reporting all Suspicious Transactions to the Line Manager/Team Lead.
Detailed understanding of relevant Group and local policies and standards.
Good knowledge of banking products and support structure.
Good data analytics, application & interpretation skills. An inquisitive approach to practices and procedures. Personal authority and integrity. Independence and resilience.
Strong written and verbal communication skills.
Experienced in AML investigations from financial industry or from law enforcement is a plus.
Candidate with Trade AML experience would have added advantage.
Apply now to join the Bank for those with big career ambitions.
To view information on our benefits including our flexible working please visit our career pages .