Intern, 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 Vice President Financial Crime Compliance in managing the risks of money laundering, terrorism financing and sanction.

Key Responsibilities

• Develop transaction monitoring rules including but not limited to development of rules, and documentation of data used, rules design, implementation and ongoing review of these rules.
• Review and assess the alerts generated by the transaction monitoring rules, and ongoing fine-tuning of thresholds and parameters within the AML/CFT transaction monitoring solutions;
• Provide inputs and support to strengthen the AML/CFT transaction monitoring and procedures; and
• Support adhoc compliance projects assigned.

Requirements

• A relevant degree or diploma in related discipline computing, accounting, finance, financial analysis, economics or business;
• Proficient in scripting languages - SQL, R, Python – with Python being the advantage, including data manipulation libraries, and proficient in data visualization tools (Tableau, Power BI etc).
• Able to understand the red flags guidance provided by the regulatory bodies and come up with different transaction monitoring rules and models
• Able to learn and interpret transaction monitoring related data across payment transactions.
• Knowledge in Data Analytics and Machine Learning or hands-on experience is an advantage.
• 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 communication skills.
• Self-driven with the ability to work independently.

Network for Electronic Transfers (Singapore) Pte Ltd.