EDD Analyst (AML/CFT) | Bank | Contract

Location Singapore
Discipline Banking & Finance
Job Reference BBBH149063_1744102806
Salary S$4000 - S$5500 per month
Consultant Name Carolyn Ann Santibanez Mendoza
Consultant Email [email protected]
Consultant Contact No. 65515316
EA License No. 02C3423
Consultant Registration No. R1105160


Job Scope

  • Perform holistic EDD assessments, with a primary focus on event-driven reviews.
  • Conduct screening and background checks on customers, related parties and counterparties to identify potential risks, including sanctions exposure and adverse media.
  • Analyse triggers for event-driven reviews and formulate well-structured requests for information questions to gather relevant information from customers.
  • Assess money laundering, terrorism financing and sanctions risk across customer profiles and transactions and provide well-reasoned recommendations on account management strategies.
  • Conduct investigations into high-risk customer profiles, suspicious transactions and unusual activities.
  • Prepare and submit STRs to STRO, ensuring compliance with regulatory reporting obligations and adherence to submission timelines.
  • Prepare insightful Management Information System (MIS) reports for internal and regulatory reporting, including periodic updates to the AML team.
  • Proactively identify opportunities to enhance and optimise the design of EDD rules, processes and frameworks to align with evolving business needs and regulatory expectations.
  • Provide expert AML/CFT advisory support to business units as required.
  • Collaborate closely within AML team and other departments within the bank.
  • Stay abreast of the latest regulatory developments in AML/CFT and ensure our processes align with industry-leading practices and regulatory guidelines.
  • Proactively prepare for and navigate regulatory audits to ensure the frameworks and processes remain compliant.
  • Support the AML team and Team Lead in executing key AML/ CFT initiatives/projects and other ad-hoc compliance matters as required.



Job Requirements

  • Diploma or degree holder with a minimum 3 - 4 years of experience in Enhanced Due Diligence (EDD) reviews, investigations and/or Anti-Money Laundering (AML) and Countering Terrorism Financing (CFT) compliance within a digital, Small and Medium-sized Enterprise (SME) or corporate banking environment. Additional AML certifications will be advantageous.
  • Understanding of Singapore's AML/CFT regulations and guidelines or equivalent regulatory frameworks.
  • Good verbal and written communication skills.
  • Ability to prioritise tasks, manage workload efficiently and support team members in meeting deadlines.
  • Self-starter with the ability to working independently with minimal supervision, while also being a collaborative team player who fosters great rapport with internal stakeholders and customers.
  • Entrepreneurial mindset with the ability to analyse challenges and develop practical and innovative solutions.
  • Ability to work effectively under tight deadlines and adapt to a fast-paced and dynamic environment.

Carolyn Ann Santibanez Mendoza EA License No. 02C3423 Personnel Registration No. R1105160

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