Company Overview:
China Merchants Bank Singapore branch provides comprehensive cross-border financial services for local Singapore and Chinese enterprises and high net worth individual customers. Main business covers Corporate Banking service, Financial Institution service, Treasury service and Private Banking services. Including deposit and settlement, cross-border financing loans, trade finance, merge & acquisition, syndicated loans, risk participation, import/export refinancing, spot/forward foreign exchange transactions and foreign exchange derivatives, bond financial adviser, all-round private banking services, etc.

Job description:

• Monitor daily transaction alerts generated from AML systems, conduct investigations into suspicious activities, and escalate or file Suspicious Transaction Reports (STRs) as required.
• Reviewed and disposition hits from name screening tools (e.g. sanctions, PEPs, adverse media), ensuring compliance with applicable international sanctions regimes (e.g. OFAC, UN, EU).
• Review and monitor client onboarding and periodic reviews to ensure proper Customer Due Diligence (CDD), Enhanced Due Diligence (EDD) for high-risk clients, including source of wealth/funds verification.
• Prepare and validate client data related to FATCA and CRS for reporting purposes, ensuring data integrity and regulatory compliance.
• Support the operation and enhancement of AML systems, including transaction monitoring and name screening platforms.
• Assist in the execution and periodic update of the Enterprise-Wide Risk Assessment (EWRA), including risk identification and control evaluation.
• Maintain and update AML/CFT policies and procedures in alignment with MAS Notice 626, head office standards, and regulatory requirements.
• Assist in drafting and reviewing internal AML framework, policies, and procedures.
• Support regulatory submissions, respond to queries from authorities, and assist in internal/external audits, inspections, and compliance reviews.
• Provide AML/CFT advisory to business units, including sanctions, CDD documentation and requirements, control implementation and risk mitigation guidance.
• Deliver AML/CFT training and awareness to staff across functions.
• Keep abreast of regulatory developments and assist in implementing necessary control enhancements.
• Perform all other duties as assigned by, or in the absence of, the Head or Deputy of Legal and Compliance Department.

Requirements:

• A degree holder with at least 4 years or above of KYC AML compliance experience in banks/FI, preferably in both private and corporate banking space with relevant Transaction Monitoring experience.
• Self-starter with excellent interpersonal and communication skills.
• Good analytical and problem solving ability.
• Able to work independently and as part of a team.
• Fluent in both English and Mandarin to liaise with internal and external Chinese stakeholders.