Transaction Monitoring Analyst (6-month contract)

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:a. 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) b. 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 c. 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 • Strongtime management to handle alert volumes and deadlines