Financial Crime Compliance Specialist

Overview

Join CIMB Singapore as a Financial Crime Compliance Specialist, where you will play a crucial role in investigating anti-money laundering (AML) cases and ensuring compliance with regulatory standards within the banking sector. This role involves collaboration across various teams to ensure thorough reviews and timely reporting.

Key Responsibilities

• Investigate AML case escalations referred to the Singapore Financial Crime Compliance (FCC) team, triggered by transaction monitoring alerts, production orders, internal/external intelligence, or branch escalations, adhering to strict deadlines.
• Prepare clear and concise written summaries of reviews, incorporating all relevant documentation and findings.
• Advise on required post-investigation actions, such as blacklisting, client exit, trigger reviews, or intelligence sharing.
• Escalate investigation outcomes timely to the Head of SG FCC or designated delegate through comprehensive case memos.
• Coordinate with different bank units, including Singapore Compliance and business units, by initiating and following up on Requests for Information (RFI) as needed.
• Identify and contribute to process improvement initiatives aimed at increasing the efficiency and effectiveness of AML investigative procedures.
• File Suspicious Transaction Reports (STRs) with the Suspicious Transaction Reporting Office promptly, in compliance with current regulatory mandates.
• Maintain complete and accurate records of all AML investigation documentation following the bank’s record retention policies.
• Provide support for regulatory inquiries and external/internal audits as requested by the Head of FCC.
• Execute additional tasks as assigned by the Head of FCC.

Qualifications and Experience

• Possess a Diploma or Degree from a recognized institution in a relevant field.
• Professional certifications such as ICA or ACAM are advantageous.
• Have between five and ten years of pertinent experience within Compliance or Financial Crime Compliance roles in financial institutions.
• Exhibit strong attention to detail, analytical skills, and problem-solving capabilities.
• Demonstrate effective verbal and written communication skills.
• Capable of working collaboratively within a team environment.
• Ability to independently manage and promptly address a substantial workload involving the review and clearance of alerts.

Additional Information

Operating across 15 markets in the region, CIMB offers extensive opportunities for professional growth and resilience testing. The team welcomes individuals eager to contribute meaningfully both to their personal development and the bank's success.