Key Responsibilities:
- Assisting the CEO and management in taking measures to promote best practices and awareness across the bank with respect to MAS laws and regulations (both AML and non-AML related) that the Bank need to comply with
- Act as liaison officer between the Bank and MAS and ABS for clarification on matters/issues pertaining compliance to with local regulations such as Banking Act, MAS Notices, MAS Circulars, etc
- Liaising with external auditors on any queries, audit or license-related matters
- Work closely with the businesses to ensure compliance monitoring with the existing and new regulations
- Provide support for compliance-related risk assessment and control evaluations as requested
- Provide advice either independently or with other team members on regulatory compliance issues
- Conduct customer due diligence/end-to-end evaluation of new and existing customers
- Conduct due diligence investigations for AML Monitoring Team of suspicious payments, closing false alerts and escalating to the team leader for further investigation
- Handle any other additional/Ad-hoc tasks as requested by the senior management
- Perform KYC/CDD to the standards expected of the MAS and in accordance with the Bank’s AML and KYC Policies and Procedures
- To safeguard the Bank from money laundering and terrorist financing risk by ensuring the transaction monitoring structure and process is effective
- Arranging AML and other related compliance training to the staff periodically including compliance orientation for new joiners
- Reporting on compliance matters to the Board and senior management
Key Requirements:
- Minimum of 5 years of relevant compliance or risk & control experience in a bank
- A Bachelor’s Degree or above
- Strong regulatory knowledge of banking, finance, and capital markets, along with experience in communication with MAS
- Certifications in AML such as Certified Anti Money Laundering Specialist (CAMS) or similar would be an advantage
- Have a good working knowledge of regulations (i.e. Banking Act, SFA, FAA)
- Hands-on experience in conducting and reviewing KYC on banking products, reviewing customer transactions for AML-related investigations, and preparing SARs
- Strong English oral communication skills
- Excellent stakeholder management, internally and externally
- Advanced proficiency in Microsoft Office
Essential Skills:
- Pro-active, self-motivated, independent, assertive, and confident personality
- Team player who works well under pressure
- Self-starter with a strong ability to work independently
- Strong organization and problem-solving/analytical skills
Only shortlisted candidates will be notified, thanks!
EA Reg No. R1110977
EA License No. 16S8296
____________________________________________
By submitting your curriculum vitae or personal data to us in connection with your job application, you are deemed to have read and agreed to the terms of our Privacy Policy and consented to the collection, use and disclosure of your personal data by us and our affiliates, in accordance with our Privacy Policy. Please visit www.btiexecutivesearch.com for a copy of our Privacy Policy.