Mizuho Bank
Associate - AML (Transaction Monitoring)
Job Location
Singapore, Singapore
Job Description
Overview of Division/Department
The Anti-Money Laundering (AMLD) team is part of the Legal & Compliance Group (comprising Legal, Compliance and Anti-Money Laundering); and is principally responsible for the management of money laundering/terrorism financing (AML/CFT) risks of the Bank .
This includes identifying and managing such AML/CFT risks arising in the processing of transactions or in connection with any existing and proposed applications, products, systems and technologies. More particularly, AML/CFT risks controls and management is undertaken through such pillars including, (i) Customer Due Diligence (CDD), (ii) Transaction Monitoring (TM), (iii) Sanctions Filtering (SF).
Company Profile
MIZUHO BANK LTD IS THE BANKING SUBSIDIARY OF MIZUHO FINANCIAL GROUP OF JAPAN, ONE OF THE WORLD'S LARGEST FINANCIAL SERVICE PROVIDERS.
IN 1974, ONE OF MIZUHO'S LEGACY BANK COMMENCED ITS BRANCH OPERATION IN SINGAPORE AND FOR OVER 40 YEARS, WE HAVE A PRESENCE IN SINGAPORE.
MIZUHO BANK SINGAPORE BRANCH HOLDS A FULL BANK LICENSE AND PROVIDES BANKING SERVICES TO MORE THAN 2,000 JAPANESE AND NON-JAPANESE CUSTOMERS, OPERATING WITH STAFF STRENGTH OF MORE THAN 700 IN SINGAPORE. ITS PRINCIPAL BUSINESS ENCOMPASSES CORPORATE FINANCE, TRADE FINANCE, CASH MANAGEMENT, FUNDS TRANSFERS, PROJECT FINANCE AND TREASURY. IT ALSO COLLABORATES WITH ITS AFFILIATE COMPANY, MIZUHO SECURITIES, TO PROVIDE INVESTMENT BANKING SOLUTIONS TO ITS CUSTOMERS.
Job Responsibilities
To manage overall Anti-Money Laundering risk in Singapore branch and Anti-Money Laundering Section.
AMLD is responsible to be the second line of defence to manage money laundering/terrorism financing risks of the branch. AMLD is required to identify and manage the mentioned risks when transactions are being processed or when applications, products, systems and technologies are being adopted.
Job Requirements
Qualifications & Experience:
Skills & Attributes:
Location: Singapore, SG
Posted Date: 9/20/2024
The Anti-Money Laundering (AMLD) team is part of the Legal & Compliance Group (comprising Legal, Compliance and Anti-Money Laundering); and is principally responsible for the management of money laundering/terrorism financing (AML/CFT) risks of the Bank .
This includes identifying and managing such AML/CFT risks arising in the processing of transactions or in connection with any existing and proposed applications, products, systems and technologies. More particularly, AML/CFT risks controls and management is undertaken through such pillars including, (i) Customer Due Diligence (CDD), (ii) Transaction Monitoring (TM), (iii) Sanctions Filtering (SF).
Company Profile
MIZUHO BANK LTD IS THE BANKING SUBSIDIARY OF MIZUHO FINANCIAL GROUP OF JAPAN, ONE OF THE WORLD'S LARGEST FINANCIAL SERVICE PROVIDERS.
IN 1974, ONE OF MIZUHO'S LEGACY BANK COMMENCED ITS BRANCH OPERATION IN SINGAPORE AND FOR OVER 40 YEARS, WE HAVE A PRESENCE IN SINGAPORE.
MIZUHO BANK SINGAPORE BRANCH HOLDS A FULL BANK LICENSE AND PROVIDES BANKING SERVICES TO MORE THAN 2,000 JAPANESE AND NON-JAPANESE CUSTOMERS, OPERATING WITH STAFF STRENGTH OF MORE THAN 700 IN SINGAPORE. ITS PRINCIPAL BUSINESS ENCOMPASSES CORPORATE FINANCE, TRADE FINANCE, CASH MANAGEMENT, FUNDS TRANSFERS, PROJECT FINANCE AND TREASURY. IT ALSO COLLABORATES WITH ITS AFFILIATE COMPANY, MIZUHO SECURITIES, TO PROVIDE INVESTMENT BANKING SOLUTIONS TO ITS CUSTOMERS.
Job Responsibilities
To manage overall Anti-Money Laundering risk in Singapore branch and Anti-Money Laundering Section.
AMLD is responsible to be the second line of defence to manage money laundering/terrorism financing risks of the branch. AMLD is required to identify and manage the mentioned risks when transactions are being processed or when applications, products, systems and technologies are being adopted.
- Monitor Branch compliance with AML/CFT regulations & law
- Keep abreast with AML/CFT regulations and provide advisory to counterparts on the regulations
- Review, investigate and approve AML alerts generated
- Perform QC checks on closed Stage 1 review alerts
- Prepare suspicious transactions reports and responses to requests by regulatory authorities.
- Assist in following up on AML-relevant audit findings and their rectification
- Ensure AML/CFT policies and procedures are up-to-date
- Conduct AML/CFT related training
- Participate in projects and providing support to the team when required
Job Requirements
Qualifications & Experience:
- Bachelor's Degree from a reputable institution.
- Preferably 3 years of relevant experience.
- Experience in Transaction Monitoring in Corporate Bank would be an advantage.
- Sound knowledge in corporate banking products would be preferable.
Skills & Attributes:
- Self-motivated team player with the ability to work independently.
- Meticulous and attentive to detail.
- Time management and organizational skills; ability to keep to strict timeline and multitask.
- Strong communication and interpersonal skills to foster collaboration with stakeholders at different levels.
Location: Singapore, SG
Posted Date: 9/20/2024
Contact Information
| Contact | Human Resources Mizuho Bank |
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