Associate, 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 Senior Vice President Compliance in dealing with fraud investigation as well as managing the risks of money laundering, terrorism financing and sanction.

Key Responsibilities

• Review and assess the alerts generated by the name screening and transaction monitoring systems, as well as to contribute to the ongoing fine-tuning of thresholds and parameters within the monitoring systems;
• Review higher risk customer due diligence including escalation for MLRO’s approval;
• Perform ongoing trend analysis and monitoring on higher risk customers;
• Conduct investigation into suspicious activities/trend and incidents of fraud as well as to prepare STR for MLRO’s approval;
• Prepare monthly compliance reporting to Senior Management and Board; and
• Work on adhoc compliance projects assigned, including engagement of business stakeholders for successful implementation.

Requirements

• A relevant degree in related discipline in accounting, finance, financial analysis, economics and business;
• Possess a Certified Money Laundering Specialists (“ACAMS”) certification or a Diploma in AML with the International Compliance Association;
• Ideally the candidate should possess 2 years of relevant working experience in financial crime/ AML/ fraud surveillance, however fresh graduates with relevant disciplines or contract experiences are welcome;
• Must be well-organized, have the ability to work under tight deadlines, work well as part of a team and independently;
• Possess strong analytical skills, paying careful and particular attention to detail.
• Excellent problem-solving skills, ability to prioritise and manage multiple tasks assigned.
• Strong team player with track record of working well in a collaborative environment
• Strong in documentation and report writing skills.
• Self-driven with the ability to work independently.

Network for Electronic Transfers (Singapore) Pte Ltd.