Job description

Job Description

Anti-Financial Crimes (AFC), AML/CFT Policy, Advisory and Training (PAT) is responsible for developing and owning AML/CFT Policies and Procedures to meet all requirements of relevant Regulations and Notices and reflect risk appetite and risk management philosophy as dictated by the Bank. AFC AML/CFT PAT supports relevant stakeholders (primarily the 1st and 1.5 lines), in designing, putting in place and executing ongoing controls to meet requirements of the AML/CFT Policies and Procedures.

AFC AML/CFT PAT oversees the execution of controls by relevant stakeholders (primarily the 1st and 1.5 lines), for compliance with requirements of AML/CFT Policies and Procedures and principle of sound risk management and reports its assessment to relevant Senior Management.

Job Responsibilities

The successful candidate will be part of the Group Compliance, AML/CFT, Sanctions Policy, Advisory & Training team and the key responsibilities are as follows:

• Serves as the Team Head, AML/CFT Policy, Advisory Training (PFS), Group Compliance in delivering and supporting GC’s compliance agenda / book of work.
• Provide leadership, guidance and lead a team of 6 members in supporting the PFS business within the team.
• Conduct review of high-risk customers (Group Retail, focusing on PFS) or escalated cases (due to STRs, trigger events, ad hoc requests etc) and highlights areas of ML/TF concerns to Business.
• As the subject matter expert, this individual will be required to partner closely with our Group Retail PFS businesses, in providing advice/collaborating with Business and Business Risk & Control Management in the development and review of AML controls, processes and procedures to ensure risks are effectively identified and mitigated.
• Reviews and contributes to the maintenance of Group AML/CFT policies and procedures to ensure its effectiveness and relevancy to laws, regulations and best practices.
• Provide SME advice, interpretation and implementation of Group AML/CFT procedure in a pragmatic and risk-based approach.
• Partner closely with the other GC functions, in ensuring group wide consistency approach in adoption of regulatory and internal requirements are adhered to.
• Provide key updates on AML/CFT related matters to the respective business forums and committees.
• Monitors development on related AML/CFT laws, regulations and risk trends.
• Handles request from MAS, assurance, internal and external audits.
• Drive, provide support and participate in AML/regulatory-related projects.
• Any other support as required by the Head, AML/CFT, Sanctions Policy, Advisory & Training from time to time.

Job Requirements

The successful candidate will be part of the Group Compliance, AML/CFT, Sanctions Policy, Advisory & Training team and the key responsibilities are as follows:

• Degree or professional qualification in business or banking/financial services related areas.
• Has minimum 15 years of relevant work experience preferably in AML/CFT compliance advisory function with focus on Retail Banking/Consumer Banking will be a minimum must have.
• Excellent research skill including experience with online research tools and databases.
• Good knowledge/understanding of banking and financial services laws & regulations, compliance best practices and understanding of financial products & systems.
• Ability to work effectively, under pressure, in a rapid changing environment, as well as autonomously and as an effective member of a dynamic team.
• A team player, possesses strong interpersonal, stakeholder management, analytical and problem-solving skills.
• Having a professional AML-related certification.

Additional Requirements

Develop, Engage, Execute, Strategise, The successful candidate will be part of the Group Compliance, AML/CFT, Sanctions Policy, Advisory & Training team and the key responsibilities are as follows:
Degree or professional qualification in business or banking/financial services related areas.

Has minimum 15 years of relevant work experience preferably in AML/CFT compliance advisory function with focus on Retail Banking/Consumer Banking will be a minimum must have.

Excellent research skill including experience with online research tools and databases.

Good knowledge/understanding of banking and financial services laws & regulations, compliance best practices and understanding of financial products & systems.

Ability to work effectively, under pressure, in a rapid changing environment, as well as autonomously and as an effective member of a dynamic team.

A team player, possesses strong interpersonal, stakeholder management, analytical and problem-solving skills.

Having a professional AML-related certification.