You will be part of the Anti-Financial Crime team within Group Retail that covers a range of banking segments and products. As we continually build on our foundation of strong governance and control, you will be charged with ensuring that the governance and controls framework is applied and tested for assurance, in addition to creating additional risk awareness, an ethical culture and professionalism within our workforce.  

You are a competent subject matter expert in the area of anti-money laundering, countering the financing of terrorism, sanctions and fraud. As a seasoned practitioner, you are at the forefront of regulatory developments in these areas where you will be able to design and conceptualise dashboards and key risk indicators to provide impact analysis, interpretation, advisory and recommendations to Business Units for the implementation of AML related policies and practices. You will suggest recommendations to sharpen our risk awareness and provide solutioning on how to manage any emerging areas for improvement / risks / trends.

You are a team player and able to effectively collaborate with the business to build an efficient environment for Compliance and Audit to effectively operationalize their requirements. You can enhance the design of the existing framework to provide an effective testing framework to provide assurance to the senior management on the effective controls. Additionally, the senior management   will look to you to translate key risk indicators for the effective management.    

• Proficient in the Group AML/CFT policies and regulatory requirement

• Plan and execute the operationalization of any policy change

• Review and ensure AML control effectiveness in various business functions

• Proactively suggest suitable and relevant operational advisory to business units for key processes such as customer on-boarding and retention of customer relationships

• Identify and propose to business units on areas of improvement to manage AML/CFT risks

• Review new business initiatives for compliance to AML/CFT governance requirements

• Conduct investigation into suspected ML/TF activities

• Review audit findings from internal & external reviews to assess adequacy of controls and facilitate formulation of corrective actions.

• Participate in strategic AML projects and initiatives to advise on AML controls

• Facilitate the gathering and provision of data/information to Management oversight

• Plan and conduct Compliance Training to raise staff awareness on AML/CFT controls, trends and typologies

• Prepare regular management reports to raise senior management awareness on the risk areas and exposure

• Timely turnaround on regulatory RFIs and initiatives

• Secretariat for AML governance forums

Job Requirements

•    Bachelor’s Degree in Business Management or related fields
•    Working knowledge of MAS 626 Regulations and Guidelines
•    Relevant 10 or more years of experience in AML/CFT/Sanctions or relevant Audit or Regulatory experience 
•    ACAMs certification and prior experience in AML system and process design is preferred
•    Resourceful, meticulous, analytical with strong interpersonal and communication skills 
•    Proficient in Microsoft office suite of applications
•    Use of analytical tools such as Power BI, Qilkview is an advantage