Role Overview:
We are seeking an experienced AVP Compliance (AML Focus) to lead and manage our Anti-Money Laundering (AML) and Countering the Financing of Terrorism (CFT) efforts in accordance with MAS regulations. You will work closely with leadership across compliance, legal, and operations to ensure our policies, controls, and systems align with MAS Notice 626 and other relevant guidelines.
Key Responsibilities:
AML/CFT Compliance Program:
- Develop, implement, and maintain AML/CFT policies, procedures, and internal controls in accordance with MAS Notice 626 and related guidelines.
- Ensure periodic reviews and updates of policies based on regulatory changes or internal risk assessments.
- Prepare and file suspicious transaction reports (STRs) with STRO and ensure proper documentation.
Transaction Monitoring & Case Management:
- Oversee day-to-day transaction monitoring using in-house or third-party AML systems.
- Investigate and escalate unusual or suspicious activities.
- Conduct Enhanced Customer Due Diligence (EDD) for higher-risk clients and transactions.
Customer Due Diligence (CDD)/KYC:
- Supervise onboarding and ongoing due diligence processes to ensure full compliance with MAS AML requirements.
- Oversee screening processes (e.g., sanctions, PEPs) and ensure risk classification of customers.
Regulatory Reporting & Audits:
- Act as liaison with MAS and other regulatory bodies on all AML/CFT matters.
- Support inspections, regulatory reviews, and internal audits.
- Ensure accurate and timely submission of regulatory reports (e.g., STRs, periodic filings).
Training & Advisory:
- Deliver regular AML/CFT training to staff and business units.
- Act as subject matter expert on AML/CFT regulations and provide day-to-day compliance advisory to stakeholders.
Ideal Candidate Profile:
- Experience:
- 58 years in compliance or financial crime roles within fintech, asset management, or financial institutions regulated by MAS.
- Deep working knowledge of MAS AML/CFT requirements, particularly Notice 626, Guidelines to Notice 626, and relevant FATF principles (as adopted by MAS).
- Skills & Competencies:
- Familiarity with KYC, name screening, and transaction monitoring tools.
- Strong understanding of financial crime typologies in the context of private capital and digital finance.
- Excellent communication, investigative, and documentation skills.
- Education & Certifications:
- Bachelor's degree in Law, Finance, Business, or related discipline.
- CAMS, ACAMS, or equivalent AML certification is highly preferred.
