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Experience
Experienced
About the role
This role supports the company in meeting its regulatory and regional obligations on Anti-Money Laundering/Sanctions (AML) and Anti-Bribery & Corruption (ABC). You will help build a framework suited to the company's business model while executing day-to-day AML activities and strengthening the AML & ABC frameworks. It suits an experienced compliance professional with a strong understanding of AML requirements.
What you'll do
Establish and regularly review the AML and ABC framework, considering regulatory requirements, Group standards and operating environment, including customer, product and geographical risks.
Exercise delegated MLRO authority to approve high risk AML/CFT cases and provide oversight on non high-risk cases.
Maintain strong governance over AML investigations, documentation, audit trails and ensure proper escalation of suspicious activities.
Oversee transaction monitoring and screening framework, including quality assurance or clearing of complex alerts.
Lead and deliver AML-related projects and initiatives, including automation and system enhancements.
Drive continuous process improvements to enhance efficiency and control effectiveness.
Conduct AML/CFT risk assessments for new products and business initiatives.
Represent Compliance in governance forums, committees and key projects.
Develop and deliver AML/CFT training for the company.
Promote a strong AML and ABC risk awareness and culture within the company.
Perform annual review of the enterprise-wide AML & ABC risk assessments.
Prepare quarterly MI reporting for AML and ABC for risk committee meeting.
Oversee and manage periodic customer risk review.
Actively identify and manage key AML & ABC controls: screening, enhanced due diligence, transaction monitoring, gifts and hospitality controls.
Support in reporting and presenting findings, as required, to local management, Group office and Board Audit Committee.
Ensure adherence to and provide advice and guidance to senior management, business units on new products, processes and/or initiatives to identify financial crime risks and recommend proposed risk mitigants.
Collaborate with other relevant business functions or units on all AML and ABC related matters.
Manage audit engagements and regulatory enquiries.
Support management meetings by preparing agendas, taking minutes and tracking follow-ups to ensure timely action.
Support ad hoc tasks as required by the Head of Risk and Compliance.
Good to know
Location: Singapore.
Requirements
10-12 years of experience in an AML role, preferably having dealt with AML requirements for retail, corporate, high net worth / private banking customers
Analytical and attentive to details
Excellent understanding of AML requirements
Strong stakeholder management and influence
Degree/diploma in any discipline
AML certifications preferred (e.g. ACAMS, ICA)
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