As required, communicate relevant new and updated regulatory requirements to impacted departments on a timely basis.
Communicate relevant consultation papers to impacted departments, and consolidate feedback for submission to MAS.
Track and follow up on the timely implementation of new and revised relevant regulatory requirements
Record status of implementation of applicable new regulations / regulatory updates.
AML/CFT
Perform ongoing AML transaction monitoring including but not limited to the review, analysis and disposal of transaction monitoring alerts in accordance with the bank's processes, as well as timely escalation of alerts along with relevant information and due diligence.
Work with the relevant stakeholders to review and recommend segmentation, rule and scoring changes in relation to the SIRON system, and ensure they are tested appropriately prior to implementation
Able to analyse the latest AML typologies and trends and ensure that the existing AML framework continues to be effective in mitigating these new risks.
Able to provide guidance to the stakeholders on AML typologies for TM as well as scenarios for monitoring.
Review unusual transactions and/or activities with an analytical mind and be firm (with strong reasoning) and assertive when being challenged.
Reporting of approved Suspicious Transactions Reports by Head of Compliance to Suspicious Transaction Reporting Office of the Commercial Affairs Department in the Singapore Police Force for the bank.
Covering the approval for TT and also Fund Transfers of High Risk customers including large cash deposits
Provide AML/CFT related training to HL Bank staff when arises.
Upload entities / names from local authorities such as Commercial Affairs Department, Corrupt Practice Investigation Bureau and Singapore Police Force into Safewatch.
Internal Controls
Perform checks on relevant departments so as to ensure that procedures are complied with.
Review and propose enhancement to procedures where necessary.
Regulatory
Ensure new/revised MAS guidelines, consultation papers and other regulatory related matters are reported, reviewed and the relevant policies and guidelines are updated timely.
Job Requirements
Relevant university degree and/or professional qualification
At least 7 years in compliance in financial crimes compliance in the banking and finance industry
Knowledge of Norkom, Siron and Worldcheck will be an advantage
