Faith Tan, CAMS, IBFQ
Assistant Manager at CTBC Bank Co. Ltd. (Singapore)- Claim this Profile
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English Native or bilingual proficiency
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Chinese Native or bilingual proficiency
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Korean Elementary proficiency
Topline Score
Bio
Credentials
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Intermediate Anti-Money Laundering
IBFSG - The Institute of Banking & Finance SingaporeMar, 2022- Sep, 2024 -
ACAMS Singapore AML Regime Program
ACAMSAug, 2021- Sep, 2024 -
Blockchain For Corporate Compliance
NTUC LearningHubAug, 2021- Sep, 2024 -
Certified Anti-Money Laundering Specialist (CAMLS)
ACAMSApr, 2021- Sep, 2024 -
ICA Advanced Certificate in Governance, Risk and Compliance (IBF Level 1)
International Compliance AssociationDec, 2016- Sep, 2024 -
Microsoft Office Specialist Expert
Avantus Training Pte LtdJun, 2014- Sep, 2024 -
Microsoft Office Specialist
Avantus Training Pte LtdAug, 2013- Sep, 2024
Experience
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CTBC Bank Co. Ltd. (Singapore)
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Singapore
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Banking
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100 - 200 Employee
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Assistant Manager
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Sep 2022 - Present
-Provide advice to business unit on KYC/CDD- related matters -Ensure all new client comply with all AML/KYC regulatory requirement (eg MAS) as well as the bank’s internal policy -Ensure client profile review is completed timely and within quality expectations -Confirm client identifies, source (s) of wealth and risk rating that driving the client review and due diligence checking -Review and assess the adequacy of the Source of Wealth narrative and corroboration submitted by the business unit for new to bank prospects client -Engages actively with key stakeholders such as front office on KYC related matters -Identify areas of work process improvement or system enhancement leading to better control & efficiency -Provide training to front office when required -Participate in project such as IRA
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Industrial and Commercial Bank of China
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China
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Banking
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700 & Above Employee
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Senior AML Compliance Officer
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Jul 2019 - Sep 2022
• Provide day-to-day advisory support to internal stakeholders for customer on-onboarding/periodic review and AML related matters • Responsible for reviewing KYC on-boarding and reviews for FIs, NBFIs and Corporates (High Risk only) • Review, formulate and implement AML/CFT related policies and procedures • Conduct quarterly Compliance testing for KYC • Investigating, analyzing and closing transaction alerts that are flagged under the agreed set of rules and thresholds and flag out suspicious transactions based on the rules set in the system and do further assessment as to whether a suspicious transaction reporting to the Authorities is required to be filed. • Prepare AML/CFT monthly report, Quarterly AMLC meeting. • Conduct Annually Compliance training to raise staff awareness on AML/CFT controls, trends and typologies. • Conduct policy gap analysis for AML/CFT policy, CDD risk methodology and procedural updates to meet new requirements • Review audit findings from internal &external reviews to assess adequacy of control and facilitate formulation of corrective actions. • Support the Head of Compliance in providing reports and statistics to Senior Management and business units on AML /Audit related matters • Other duties as assigned by the Head of Compliance (I.e Enterprise Risk Assessment, AMLC, Product Risk and etc)
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Scotiabank
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Canada
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Banking
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700 & Above Employee
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Analyst, GBM Onboarding
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Sep 2017 - Jun 2019
• Perform due dillgence analysis on clients (FI/NBFI/Corporate) which involves identifying client information / managements / directors / shareholders • Review, analyse client KYC documentation and information and ascertain whether on-boarding or periodic review or trigger event of the client will post additional AML and reputation risk. • Ensure all client KYC records are compliant with regulatory standards, and ensure high quality and timely completion of all client level due diligence requirement. • Follow up closely with RM/Business/Clients for relevant information or documents for review. • Screening of clients through public record database (World-Check, Factiva, Internal Alert Scan), Screening includes but not limited to negative media, Politically Exposed Person (PEP) & Sanctions. • Make independent recommendations regarding AML/Sanction risk and escalations as first line of defence. • Create/Update KYC information to internal system accurately in order for background screening to take place. • Coordinate with Operations teams for account opening, closing and ongoing maintenance related to KYC information updates. • Coordination with teams in APAC (Hong Kong, India, UK, etc): Participate in multi-disciplinary teams to address new business initiatives, KYC remediation projects, technology system enhancement projects, and other ad-hoc projects as required.
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Bank of China
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Banking
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700 & Above Employee
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Business Control Manager
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Jun 2016 - Sep 2017
• Review and ensure on-boarding / periodic KYC review documents are appropriate, sufficient and completeness of customer’s documents are in accordance to the AML requirement for corporate / NBFI Customer. • Ensure all the name screening is screen according to the procedure. • Ensure all the AML risk ratings is rated correctly according to each account. • Ensure AML risk ratings are tagged correctly in the internal system. • Perform review of customer transactions to identify unusual/suspicious transactions, trends and conduct investigations where required • Work closely with the relationship managers to assist the department in complying the AML/KYC requirements • Work closely with Compliance on Suspicious Transaction Report (STR), help to track and trigger review. • Prepare weekly report for management on different risk level. • Escalate to Legal&Compliance department when any suspicious or abnormal activities about the customer and initiate STRs filing if necessary • Handle ad-hoc project work such as Common Standard Reporting (CSR), Dormant Account and MAS report (CRAFT), Procedures for STR and etc
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United Overseas Bank Limited
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India
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Banking
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Senior Officer - Client Fulfillment & Service, Group Wholesale Banking
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Jan 2015 - Jun 2016
Onboarding Review• Conduct new Know Your Customer – Customer Due Diligence [KYC CDD] profiles for wholesale banking clients to be on-boarded and ensure that the following information and details are accounted for and properly identified and verified against independent source documents• Handle global clients like FI / NBFI / Corporate / Fund / Trust• Collation with RM in document collection for onboarding and preparation of CDD documents• Create & update customer data on internal system – AS400• Perform AML/CFT screening through Internal System (Detica) using Worldcheck one (previously: Dow Jones / Factiva)• Evaluate and escalate any adverse news/ hits and inadequate/ discrepancy of AML controls to Compliance• Track and follow up with the Relationship Managers [RM] for the KYC CDD sign off Periodic Review• Monitor / Ensure CDD reviews are performed before due date and monitor till completion• Checker role: Ensure all Periodic Review KYC/CDD is done and met the AML/CFT requirement.• Checker role: Clear daily alert (Adverse news / Sanction hits) Others• Daily maintenance customer database• Manage queries relating to KYC/CDD from Business Unit and Overseas Branches/Subsidiaries• Work closely with Compliance on any requirement issue.• Scan approved KYC CDD profiles and send to the requesting oversea branches or banking subsidiaries via email• Provide Training to investigator to ensure CDD/KYC procedures are done according to SOP• Identify and coordinate the implementation of process improvement related to AML / CFT• Assist the team in completing ad hoc projects and provide support for urgent request.
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KYC & AML Control, Global Markets
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Dec 2011 - Dec 2014
Onboarding Review• Conduct new Know Your Customer – Customer Due Diligence [KYC CDD] profiles for wholesale banking clients to be on-boarded and ensure that the following information and details are accounted for and properly identified and verified against independent source documents• Handle global clients like FI / NBFI / Corporate / Fund / Trust• Collation with RM in document collection for onboarding and preparation of CDD documents• Create & update customer data on internal system – AS400• Perform AML/CFT screening through Internal System (Detica) using Worldcheck one (previously: Dow Jones / Factiva)• Evaluate and escalate any adverse news/ hits and inadequate/ discrepancy of AML controls to Compliance• Track and follow up with the Relationship Managers [RM] for the KYC CDD sign off Periodic Review• Monitor / Ensure CDD reviews are performed before due date and monitor till completion• Checker role: Ensure all Periodic Review KYC/CDD is done and met the AML/CFT requirement.• Checker role: Clear daily alert (Adverse news / Sanction hits) Others• Daily maintenance customer database• Manage queries relating to KYC/CDD from Business Unit and Overseas Branches/Subsidiaries• Work closely with Compliance on any requirement issue.• Scan approved KYC CDD profiles and send to the requesting oversea branches or banking subsidiaries via email• Provide Training to investigator to ensure CDD/KYC procedures are done according to SOP• Identify and coordinate the implementation of process improvement related to AML / CFT• Assist the team in completing ad hoc projects and provide support for urgent request.
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Education
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RMIT University
Bachelor of Economics and Finance, Economics and Finance -
Temasek Polytechnic
Diploma, Information Technology
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