The AVP will provide assurance and oversight on AML/CFT/Sanctions/Fraud controls within Group Retail, leveraging data analytics to strengthen risk management, control effectiveness, and regulatory compliance. The role requires continuous monitoring, advisory support, and participation in strategic AML initiatives to mitigate financial crime risks.
Key Responsibilities:
AML/CFT Assurance & Control Testing
- Be fully familiar with Group AML/CFT procedures and regulatory requirements.
- Conduct control and quality testing on critical AML/CFT/Sanctions/Fraud policies, procedures, and guidelines.
- Continuously design and update test scenarios to reflect emerging trends and regulatory developments.
- Execute monthly assurance tests in a timely manner and present results to stakeholders meaningfully.
- Translate test results into actionable learning and recommendations.
Operational Advisory & Risk Management
- Proactively suggest operational improvements to business units for key processes such as customer onboarding and retention.
- Identify regulatory risks related to AML/CFT requirements and assess their impact on business segments. Escalate potential risk signals appropriately.
- Assist business units in operationalizing processes and controls to manage risks effectively.
- Review new business initiatives for compliance with AML/CFT governance requirements.
- Conduct investigations into suspected ML/TF activities.
Audit, Reporting & Strategic Initiatives
- Review internal and external audit findings to assess adequacy of controls and facilitate corrective actions.
- Participate in strategic AML projects and initiatives to advise on controls.
- Facilitate the gathering and provision of data/information to support management oversight.
- Prepare regular management reports to highlight risk areas and exposures.
Training & Awareness
- Conduct compliance training to raise staff awareness on AML/CFT controls, trends, and typologies.
Job Requirements:
- Bachelor's Degree in Business Management or related field.
- Working knowledge of MAS 626 Regulations and Guidelines.
- Minimum 5 years of experience in AML/CFT/Sanctions, audit, or regulatory roles.
- ACAMS certification and prior experience in AML system/process design is preferred.
- Proficient in Microsoft Office Suite.
- Familiarity with analytical tools such as Power BI or QlikView is an advantage.
- Resourceful, meticulous, and analytical with strong interpersonal skills.
