Intern, Financial Crime Compliance

The NETS Group is a leading payments services group, enabling digital payments for merchants, consumers and banks across the entire payments value chain. 

 

The Group operates Singapore’s national debit scheme enabling customers of DBS Bank/POSB, HSBC, Maybank, OCBC Bank, Standard Chartered Bank and UOB to make payments using their ATM cards or mobile devices at more than 130,000 acceptance points in the country as well as online payments.

Position Summary

In this role, you will assist the Vice President Financial Crime Compliance in managing the risks of money laundering, terrorism financing and sanction.

Key Responsibilities

• Assist in the development of transaction monitoring rules including but not limited to development of rules, and documentation of data used, rules design, implementation and ongoing review of these rules.


• Review and assess the alerts generated by the transaction monitoring rules, and ongoing fine-tuning of thresholds and parameters within the AML/CFT transaction monitoring solutions;


• Provide inputs and support to strengthen the AML/CFT transaction monitoring and procedures; and


• Support adhoc compliance projects assigned.

Requirements

Education and Experience

• Relevant degree or diploma in Computing, Accounting, Finance, Financial Analysis, Economics, Business, or a related discipline


• Knowledge in Data Analytics and Machine Learning or relevant hands-on experience is an advantage


• Experience or familiarity with transaction monitoring, payment data, or financial systems is beneficial

Skills and Knowledge

• Proficient in scripting languages such as SQL, R, and Python (Python is an advantage), including data manipulation libraries


• Skilled in data visualization tools such as Tableau and Power BI


• Ability to understand regulatory red flag guidelines and develop transaction monitoring rules and models


• Capability to interpret transaction monitoring data across payment systems


• Strong analytical skills with high attention to detail


• Excellent problem-solving skills with the ability to prioritize and manage multiple tasks


• Strong team player with experience working in collaborative environments


• Effective communication skills


• Self-driven with the ability to work independently

Network for Electronic Transfers (Singapore) Pte Ltd.