Financial Crime Compliance Specialist

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Date: 9 Jan 2025

Location: Braddell, SG

Company: Network For Electronic Transfers (S)

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 dealing with fraud investigation as well as managing the risks of money laundering, terrorism financing and sanction.

 

Key Responsibilities
  • Responsible to develop and implement an enterprise-wide Anti-Money Laundering and Terrorism Financing (“AML/CFT”), Sanctions and Anti-Fraud Surveillance programs;
  • Work collaboratively with the internal stakeholders to identify and manage money laundering, terrorism financing, sanction and fraud risks;
  • Provide advisory to Business Units and Operations for customer due diligence and new product assessment from ML/TF, Sanctions and Fraud risk perspectives;
  • 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;
  • Perform ongoing trend analysis and monitoring on higher risk customers; - Conduct investigation into suspicious activities/trend and incidents of fraud as well as to lodging STR with the local authority;
  • Provide relevant advisories to business/support units on matters arising from ML/TF and fraud related reviews and investigations conducted;
  • Liaise with government/law enforcement agencies on scam & fraud related intelligence or information sharing;
  • Ensure proper documentation and record keeping of reviews and investigation cases in accordance to Group standards;
  • Provide inputs and support to strengthen the AML/CFT and fraud transaction monitoring and procedures;
  • Manage monthly compliance reporting to Senior Management and Board; and
  • Drive adhoc compliance projects assigned, including engagement of business stakeholders for successful implementation.

 

Requirements
  • A relevant degree in related discipline 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;
  • Minimum 5 years of relevant working experience in financial crime/fraud surveillance/AML;
  • Experience in financial institutions, law enforcement, intelligence/analysis, or regulatory environment is preferred;
  • Must be well-organized, have the ability to work under tight deadlines, make decisions, work well as part of a team and independently;
  • Proven ability to engage, collaborate, influence and negotiate with key senior stakeholders.
  • 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 with strong stakeholder management and communication skills.
  • Strong in documentation and report writing skills.
  • Self-driven with the ability to work independently.

 

Network for Electronic Transfers (Singapore) Pte Ltd.