Job description
Job Description:
- Establish,with regular review, the AML and ABC framework, taking into consideration regulatory requirements, Group standards and operating environment, including the different types of risks such as customer, product and geographical location
- Assist the Head of Governance Transformation and Acting Head of Risk and Compliance in collaborating and presenting complex information, recommendations and risk mitigants in the area of AML and ABC with senior stakeholders in the organisation
- Work with Head of Governance Transformation and Acting Head of Risk and Compliance to perform annual review of the enterprise-wide AML & ABC risk assessments
- Perform quarterly quality assurance review on screening and transaction monitoring alerts closed by AML Ops and FCC
- Oversee the preparation of quarterly MI reporting for AML and ABC for risk committee meeting
- Oversee annual high-risk customer review
- Actively identify and manage key AML & ABC controls: screening, enhanced due diligence, transaction monitoring, gifts and hospitality controls
- Manage regulatory contact with MAS and enforcement agencies on AML matters.
- Report suspicious activity to the authorities
- Partner with relevant business functions on all AML matters, including documentation requirements for higher-risk customers
Job Requirements:
- Minimum Degree in preferably in Business, Compliance, and/or Finance related fields
- 5-8 years of experience in an AML related role, preferably having dealt with AML requirements for high net worth / private banking customers.
- Analytical and attentive to details
- Excellent understanding of AML requirements
