The role of Line 1 AML Advisory and Assurance is to work with Line 2 and Line 3 to jointly operationalize the risk and controls frameworks. Given the heightened risks, this role will require someone who can think out-of-the-box to challenge existing processes and better leverage data analytics to proactively manage the risks. 

• Focus on proactive AML risk management by exercising risk oversight and ensuring end-to-end activities are consistent with the Group’s business strategy and risk appetite. 
• Responsible for process and control design of Group Retail AML activities spanning the different BUs from frontline sales, product teams, digital channel, operations units and support units. 
• Design metrics to measure AML portfolio risks and oversee the AML Enterprise Wide Risk Assessment and AML Control Self Assessment.  
• Provide timely and independent advisory support and guidance, training to the BUs within Group Retail.

This includes: 

• Reviewing and endorsing the customer onboarding and retention of relationships  
• Thorough impact analysis and operationalization of controls for new regulatory requirements within stipulated timelines and prevent regulatory breaches due to inappropriate controls
• Perform independent quality assurance reviews through thematic testing and required transaction reviews to ensure effectiveness of control frameworks
• Central liason with Line 2 and Line 3 for discussion on policy and framework matters to continuously push boundaries by thinking out-of-the-box to leverage data to make the processes more efficient. Manage audit and compliance review and drive remediation for identified gaps.
• Act as secretariat for Group Retail AML Forum and other related panels

Team responsibilities

• Manage a team that specialises in AML advisory and assurance
• Training: Ensure that all BRCM staff complete the required competency trainings set out by GC; Conduct and maintain oversight on mandatory trainings to be conducted by BU

Job Requirements

• At least 15+ years of experience in financial services, related to AML risk and regulatory compliance
• Proven leadership and people management skill
• Stratgic thinking, analytical and result-oriented
• Strong stakeholder management