Performing the role of the Money Laundering Reporting Officer (MLRO) for a Singapore payment entity within the Ant International, the individual will have overall responsibility for developing, maintaining and implementing the entity's Anti-Money Laundering (AML) / Countering the Financing of Terrorism (CFT) Programme.
The individual will work closely with regulators such as the Monetary Authority of Singapore (MAS), internal business and operation teams of the entity, as well as other internal stakeholders, including but not limited to members of the Legal, Compliance and other various departments and functions within Ant International.
The ideal candidate will be a confident self-starter with strong interpersonal and organizational skills with ability to work independently and collaboratively in a dynamic working environment. The candidate will be versatile and flexible with the ability to manage with ambiguity in a dynamic environment with changing priorities.
Key Responsibilities and Expectations
- Act as key person for the oversight of all activities relating to AML / CFT matters for a Singapore entity, including the implementation of effective and sustainable controls
- Handle and advise internal stakeholders on AML / CFT related enquiries
- Carry out AML / CFT risk assessment at the entity level and on products and services offered
- Formulate, implement and perform periodic reviews of the entity's AML / CFT Programme, policies and procedures
- Identify and mitigate potential areas of AML compliance vulnerability and risks / gaps
- Ensure a speedy and appropriate reaction to any matter in which money laundering or terrorism financing breach is suspected
- Actively identify and report suspicious transactions by reviewing internal disclosures and act as the main point of contact with the Singapore regulators and law enforcement agencies
- Monitor, keep abreast and assess impact of AML/CFT regulatory developments
- Ensure AML / CFT training for employees is adequate, appropriate and effective.
- Provide support / guidance to senior management to ensure that AML / CFT risks are adequately identified, understood and managed, in particular to communicate key AML / CFT issues including significant compliance deficiencies
- Collaborate with Compliance and other risk and control departments to address AML compliance issues and engender a culture of compliance within the business
Minimum Qualification and Experience
- University Graduate with at least 10 years of relevant AML experience and expertise within financial services or payment industry
- Familiarity with Singapore AML / CFT and sanctions laws and regulations
- Technically-inclined with an ability to engage and work with technology specialists and very comfortable navigating in a fast-paced rapidly evolving environment where structure is a work in progress
- Ability to work under pressure, meet deadlines and work effectively with multiple stakeholders
- Proficiency in Mandarin is a plus for working with some of our internal and external stakeholders
