Seeking a seasoned Senior Executive, to head the Anti Money Laundering (AML) Operation establishment, within retail banking, responsible to lead Line 1 Anti Money Laundering (AML) operation functions, driving operational excellence and proactive risk management across the retail banking continuum, playing a strategic pivotal role in the organization's AML Uplift initiatives.
Responsibilities
Strategic Management
- Lead the design and execution of AML controls across Group Retail, including frontline, product, digital, operations, and support units.
- Drive the strategic prioritization of initiatives required for AML Operational controls in alignment with MAS directives and internal governance structures.
- Maintain oversight and accountability over offshored AML activities and teams.
- Spearhead the AML Enterprise-Wide Risk Assessment (EWRA) and AML Control Self-Assessment (CSA) programs.
- Partner Line 1.5 and Line 2 to ensure that emerging trends and threat as observed are feedback as well as cascaded to Line 1 control functions.
Quality Execution
- Partner with Line 1.5 Advisory and Assurance team to ensure cohesive implementation of controls.
- Oversee end to end AML Operational processes such as data and record retrieval, effective assignment of alerts and triggers. post-STR validations, onboarding reviews (OGR, ODD), and appeals processes.
- Ability to direct large teams on the ground, including teams which may not report directly to himself/herself to ensure quality execution.
- Ability to identify operational gaps and proactively design effective controls to mitigate operational risks.
Data Analytics
- Develop and monitor AML risk metrics and dashboards.
- Leverage data analytics to achieve operational excellence and effective monitoring of end to end risk signals.
Governance & Stakeholder Engagement
- Manage audit and compliance reviews, ensuring timely remediation of gaps.
- Elevate AML competencies through training, communications, and quality assurance.
Senior Leadership
- Spearhead a team of AML Operation Managers, ensuring continuous upskilling and performance management.
- Foster a culture of accountability, integrity, and innovation in AML operations.
Qualifications
- Minimum 20 years of experience in banking, with deep expertise in managing large scale operations. Experience in AML/CFT operations will be preferred.
- Proven leadership in managing cross-functional teams and complex regulatory environments.
- Strong stakeholder management and communication skills.
- Experience in data analytics and risk metrics development is highly desirable.
- Experience in leading transformational initiatives to uplift efficiency and effectiveness.
If you hold experience in managing Anti Money Laundering (AML) operations, within group retail banking, do reach me at [Confidential Information] for a discussion.
EA License no: 16S8066 | Reg no.: R1657935
Only successful candidates will be notified.
