Support the company's AML/CFT framework by conducting transaction monitoring, investigating suspicious activities, and escalating potential risks in line with MAS Notice PSN01 requirements for a Major Payment Institution. The role focuses on ensuring effective detection, investigation, and reporting of financial crime risks within payment services. assist with compliance matters for a major payment institution.

1. Job Responsibilities:

1. Transaction Monitoring

· Review alerts generated by transaction monitoring systems and manual triggers

· Identify suspicious patterns such as structuring, rapid fund movement, unusual payment flows, sanctions risks, and high-risk jurisdictions

· Assess transactions against customer profile, source of funds, and expected business activity

· Perform enhanced reviews for higher-risk customers, products, corridors, and merchants

· Monitor merchant acquiring risks (e.g. abnormal sales, excessive refunds, irregular settlement patterns, third-party payment risks)

2. Investigation & Case Management

· Conduct investigations using KYC data, transaction history, counterparties, and supporting documents

· Document clear, concise investigation findings with proper rationale for closure or escalation

· Maintain complete audit trails and supporting evidence

· Ensure timely completion of alerts within SLA requirements

3. Suspicious Activity Escalation

· Escalate potential suspicious activities to Compliance Manager / MLRO

· Support preparation of Suspicious Transaction Report (STR) recommendations

· Assist in STR filing in accordance with internal policies and regulatory requirements

· Maintain strict confidentiality of all investigations

2. Qualifications and Experience

· AML certifications (ACAMS, ICA, CFE) preferred

· Experience with MAS inspections, audits, or remediation projects is an advantage

· Knowledge of payment services, merchant acquiring, cross-border transactions, and marketplace models

3. Core Competencies and Skills

· Strong analytical and investigative mindset

· Clear and structured writing for case documentation and escalation

· High attention to detail and ability to identify red flags

· Proficient in Excel and handling transaction data

· Ability to work independently while engaging stakeholders

· Strong time management to handle alert volumes and deadlines

SG Transaction Monitoring Analyst (6 months) (MJ000036)