Overview

The individual would be part of a wider team that will need to ensure the applicable internal standards and local Singapore AML/CFT laws and regulatory requirements are duly and effectively implemented in the business. The individual will be required to work closely with Singapore Head of PB FCC to identify AML/CFT risks and fostering a culture of compliance within the bank.

Responsibilities:

  • Provide AML compliance advisory support to the PB business and supporting functions on rules and regulations, clients, transactions as well as guidance on AML policies and procedures
  • Undertake investigations into any suspicious transactions reported by staff, alerts from the AML monitoring solution (Mantas), production orders, regulatory requests and any other external triggers, etc. Where a suspicion is formed, support the MLRO in drafting the appropriate Suspicion Transaction Report
  • Ensuring ongoing monitoring tasks such as CL Search, Fircosoft are appropriately dealt with
  • Performs appropriate controls testing include sample testing or review of exception reports to ensure the AML Program, controls and processes are in line with expected program standards
  • Represent AML as needed on various Change-The-Bank or Run-the-Bank projects as needed\
  • Identify, coordinate, undertake or lead projects as needed to improve process and application of AML Compliance’s policies and procedures;
  • Remediation of any findings issued by Regulators or Auditors as needed\
  • Produce content, presentations and responses to regulatory or internal requests as needed
  • Provide management with sufficient, frequent and objective information to get an accurate picture of the ML risks the bank is exposed through its activities and individual business relationships
  • Provide AML input into the design of new business, products, services or delivery channels
  • Provide training to new joiners or staff
  • Any other tasks assigned by the manager or department head

Qualification:

  • Pro-active and self-starter; problem solver with ability to think out of the box
  • Able to work under pressure; able to multi-task and prioritize
  • Good communicator with effective writing and presentation skills
  • Adaptable and a team player, able to work well with a growing team
  • For AVPs, at least 5 years of relevant AML track record including AML Advisory and/or experience with conducting, leading investigations and dealing with law enforcement
  • For ENOs, preferably 2 years of similar experience
  • Besides persons of Financial Crime, AML background, those with Regulatory, Law Enforcement, Compliance or Audit background covering AML will also be considered
  • Part of AML experience would need to be within the Private Banking space for AVPs
  • Solid knowledge of Singapore AML/CFT laws and regulations (i.e. Notice 626 and accompanying Guidelines, CDSA, TSOFA, Info Paper on PB Controls etc) and international AML standards (FATF, Wolfsberg). Additional awareness of regional rules would be beneficial
  • Experience in dealing with the regulator, auditors would be desirable
  • Accounting / Business / Economics / Finance Degree

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