AVP, AML - Quality Assurance (PIC) Business Control Dept APD

Company description:

SMBC first opened its doors for business in Singapore in 1963. The Singapore branch was established as our hub in Asia Pacific outside of Japan in 2008 to support the growth and expansion of our customers in and across the region.

SMBC Singapore provides a comprehensive range of wholesale banking solutions as a full commercial bank in Singapore.

In 2023, we are honored to celebrate 60 years of business excellence in Singapore, the heart of our business in Asia Pacific. We continue to embark on our journey with our stakeholders towards a sustainable future.

Job description:

This is a back office role. The working location is our Changi Office.

Responsibilities
- Conduct daily reviews of transaction filtering and screening to ensure compliance with policies and regulatory standards.

- Perform sampling of cleared alerts to assess the accuracy and quality of the adjudication.

- Gather and analyze data to spot trends, recurring issues, or inefficiencies in the filtering process.

- Document findings and assisst in generating reports for manager and stakeholders.

- Work with the filtering team to provide feedback and identify areas of improvement in processes and controls.

- Collaborate to improve workflow, suggest enhancements, and support the implementation of corrective actions.

- Present findings to senior managers and stakeholders, highlighting both successes and areas needing attention.

- Prepare weekly and monthly report that summarize team activities and quality metrics.

Requirements
- Bachelor's Degree

- Minimum 3 years of experience in the banking industry with some exposure to screening process.

- Understanding of financial crime and money laundering risks.

- Strong attention to detail with ability to identify discrepancies and trends in large sets of data

- Strong communication skills to effectively report findings to manager and stakeholders.

- Ability to work collaboratively in a team environment and take direction from senior team members.

- Experience with compliance or AML tools such as World Check, Fircosoft, or other filtering and screening system is a plus.

Location: Singapore, SG

Posted Date: 11/20/2024