Responsibilities
- This is a hands-on role, where the individual will contribute to the development, implementation and oversight of the AML program of payment institution (MPI).
- Act as Money Laundering Reporting Officer (MLRO) and the responsible manager for AML of the MPI
- Collaborate with internal stakeholders to develop, review, update, enhance, implement and monitor the AML programs (i.e. policies, procedures, controls and systems) to ensure its effectiveness
- Conduct regular risk assessments to identify potential areas of vulnerability and key areas of improvements
- Closely collaborate with internal stakeholders to provide AML compliance advisory for various business and product developments
- Oversee and report key AML compliance matters to senior management, compliance committee, and board of directors of the MPI, as well as headquarter, proposing reasonable and effective remedial actions where necessary
- Liaise with relevant regulatory bodies, responding to inquiries, requests, and audits in relation to AML in a timely and accurate manner
- Maintain awareness of industry trends on AML compliance, emerging threats, and appropriate steps to mitigate the risks.
- Perform ad-hoc tasks as requested by senior management.
Qualifications
. University degree in Law, Accountancy, Finance, Risk Management or a business-related discipline preferred
. Holder of CAMS certification is preferred
. At least 6 years of experiences in AML/CFT in payment or banking industry, experience of being a MLRO is preferred
. Strong knowledge of AML/CTF related laws and regulations in Singapore is a must
. Self-motivated, excellent team work ability, ability to make independent judgment calls ability to multi-task and take responsibility in challenging situations
. Proficiency in English and Mandarin
Candidates with strong potential will also be considered where not all above qualifications could be met.
