AML and CFT Analyst

Job Description – AML and CFT Analyst SV)

Job Number : SV

About the Job

To support the Customer Due Diligence activities in order to comply with the AML / CFT regulations and service level agreements.

Responsibilities

• Perform customer due diligence activities including clearing of screening matches and carrying out enhanced due diligence on high‑risk customers in accordance to the internal processes / procedures and target turnaround time.
• Perform enhanced due diligence of high‑risk customers including customer risk assessment in accordance to the internal processes and procedures on timely manner and to ensure proper documentation of work performed and retention of such documentation.
• Liaise with various business and functional units for information gathering to ensure customer due diligence activities are completed properly and accurately.
• Ensure quality review and closure of Watch List Management (WLM) Customer Due Diligence (CDD) alerts and cases.
• Perform peer quality check / review on activities carried out by other analysts as and when required by the supervisors.
• Escalate positive matches of high‑risk customers and any other matters when AML / CFT activities are suspected to the supervisors.
• Carry out tasks as instructed by the supervisors and / or Head of Compliance.
• Familiarise yourself to all the relevant internal policies, process and procedures; and maintain awareness of industry trends on AML / CFT / TFS and globally in order to carry out the job function properly.
• Assist in the development and testing of new / enhanced AML / CFT systems if any.
• Keep private and confidential and do not disclose any customer and company information obtained or dealt with when carrying out the CDD tasks.
• Takes accountability in considering business and regulatory compliance risks and takes appropriate steps to mitigate the risks.
• Maintains awareness of industry trends on regulatory compliance, emerging threats and technologies in order to understand the risk and better safeguard the company.
• Highlights any potential concerns / risk and proactively shares best risk management practices.

We are looking for people who

Good analytical skills

Legislation and Compliance (AML / CFT)

How you succeed

Who we are

Founded in 1908, Great Eastern is a well‑established market leader and trusted brand in Singapore and Malaysia. With over S$100 billion in assets and more than 16 million policyholders, including 12.5 million from government schemes, it provides insurance solutions to customers through three successful distribution channels – a tied agency force, bancassurance, and financial advisory firm Great Eastern Financial Advisers. The Group also operates in Indonesia and Brunei. The Great Eastern Life Assurance Company Limited and Great Eastern General Insurance Limited have been assigned the financial strength and counterparty credit ratings of “AA‑” by S&P Global Ratings since 2010, one of the highest among Asian life insurance companies. Great Eastern’s asset management subsidiary, Lion Global Investors Limited, is one of the leading asset management companies in Southeast Asia. Great Eastern is a subsidiary of OCBC, the longest established Singapore bank, formed in 1932. It is the second largest financial services group in Southeast Asia by assets and one of the world’s most highly‑rated banks, with an Aa1 rating from Moody’s and AA‑ by both Fitch and S&P. Recognised for its financial strength and stability, OCBC is consistently ranked among the World’s Top 50 Safest Banks by Global Finance and has been named Best Managed Bank in Singapore by The Asian Banker.

To All Recruitment Agencies Great Eastern does not accept unsolicited agency resumes. Please do not forward resumes to our email or our employees. We will not be responsible for any fees related to unsolicited resumes.

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