Compliance Anti Money Laundering Risk Management Analyst - Part-Time

The Compliance Anti Money Laundering Risk Management Analyst role is an integral role to a MNC bank's Singapore Independent Compliance Risk Management team. The role is responsible for an intermediate level, plays a crucial role in recommending and establishing internal procedures to prevent money laundering while assisting in financial crime matters in coordination with the broader Anti-Money Laundering (AML) team. The incumbent utilizes disciplinary knowledge to identify inconsistencies in data and formulates strategic recommendations on policies, procedures, and practices.

Responsibilities:

• Identify, vet, and address potential risks or escalated issues with assistance from functional partners and key stakeholders.
• Utilize information from regulatory changes, new regulations, and internal policy changes to identify new key risk areas.
• Analyze comparative data, prepare and present reports related to AML risk assessments, and monitor AML-related issues and escalations.
• Conduct investigations and research on potentially suspicious clients using various internal and external systems and databases.
• Conduct Cross Sector reviews among multiple business lines.
• Document and report review/investigation findings and prepare case files with required supporting documentation.
• Summarize, in writing, clear and concise findings of the investigation.
• Advise senior management on next steps and provide recommendations on the next course of action (relationship retention, termination, Suspicious Activity Report (SAR)).
• Manage risk by analyzing the root cause of issues and their impact on business.
• Operate with a limited level of direct supervision.

Qualifications:

• Bachelor’s Degree/University degree or equivalent experience.
• 0-2 years of relevant experience.
• Experience and knowledge of AML regulations/laws (e.g., Bank Secrecy Act, US Patriot Act, US Treasury AML guidelines, OFAC requirements).
• Experience writing and preparing Suspicious Activity Reports (SARs).
• Proficient computer skills, particularly with Microsoft Office applications.
• Consistently demonstrates clear and concise written and verbal communication.

The Work Location will be in the Changi Business Park.