About Income Insurance
Income Insurance Limited is one of Singapore’s leading composite insurers, offering life, health, and general insurance. Since 1970, Income has focused on putting people first, addressing protection, savings, and investment needs for individuals, families, and businesses. Its lifestyle-centric and data-driven approach empowers customers with innovative solutions to enhance financial well-being.
Internship Overview
As an AML Compliance Intern, you will support the team in monitoring transactions, reviewing alerts, and assisting with investigations to detect potential suspicious activities. This role offers hands-on experience in anti-money laundering (AML) compliance and the processes financial institutions use to prevent money laundering and terrorist financing.
Success in this role requires strong attention to detail, analytical thinking, and a keen interest in compliance.
Key Responsibilities
- Assist in AML watchlist screening and handle related queries for the AML team
- Conduct Enhanced Customer Due Diligence (ECDD) reviews for new and existing customers, including verifying KYC documents and screening against watchlists
- Perform periodic reviews of customers to identify changes in risk profiles
- Review transaction monitoring alerts to identify suspicious activities
- Respond promptly to queries from business units
- Participate in AML-related projects and perform ad hoc tasks as assigned
Requirements
- Pursuing a degree in Data Science / Data Analytics, Information Systems / Business Analytics, Business, Finance, Accountancy, Economics, or a related field
- Strong analytical, research, and problem-solving skills with excellent attention to detail
- Good written and verbal communication skills
- Ability to work independently and collaboratively in a team environment
- Curious, proactive, and adaptable with integrity
- Demonstrates initiative in process improvement and optimizing results
