Lead, AML & Financial Crimes (PFA) - #1125422

Job Summary:

In this role, you will be the designated Money Laundering Reporting Officer (MLRO) and will support the Company in meeting its regulatory and regional obligations on Anti-Money Laundering/Sanctions (AML) and Anti-Bribery & Corruption (ABC). You will also contribute to build a framework that commensurate with the business model of the Company. Given the increasing regulatory expectations, you will focus on supporting the MLRO in strengthening the AML & ABC frameworks and building the competency of the team.

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 

• Provide leadership, direction and day-to-day guidance. 

• 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 

• Promoting a heathy and strong AML and ABC awareness and culture within the organization 

• 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 

• Support in reporting and presenting findings, as required, to local management, Group office and Board Audit Committee 

• Ensure adherence to and provide advice and guidance to senior management, business units on new products, processes and/or initiatives to identify financial crime risks and recommend proposed risk mitigants 

• Manage regulatory contact with MAS and enforcement agencies on AML matters.  

• Report suspicious activity to the authorities and act as cover to Head of Governance Transformation and Acting Head of Risk and Compliance for any incoming queries regarding suspicious activity 

• Oversight and delivery of AML & ABC training to the Board of directors, staff and agency force 

• Partner with relevant business functions on all AML matters, including documentation requirements for higher-risk customers 

• Designated approver, as delegated by the Board, for onboarding higher-risk customers 

Who we are looking for: 

• 10 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 

• Degree/diploma in any discipline 

• AML certifications preferred (e.g. ACAMS, ICA)