AVP AML Manager recruitment

About Our Client

Our Client is a leading global bank that escaped relatively unscathed from the banking crisis. They are expanding their presence in Asia focusing on capital markets and private wealth.

Job Description

•  Reporting jointly to Regional Head of AML and Head of Singapore Compliance.

•  Work within Singapore Compliance and particularly with other Compliance Managers to be responsible for and manage day-to-day AML related matters including approving new accounts, reviewing AML exceptions on a daily basis, producing AML related statistics, sanction and payment clearances, review PEP accounts, etc.

•  Medium term potential to become the MIRO for Singapore

•  Interpret local Legal and Regulatory requirements and liaising where appropriate with the the Law Group and carry out impact assessments.

•  In conjunction with the appropriate operating areas, determine if clients or payments are actual matches to various control lists and escalate to the Regional AML Head for further actions to be taken. Report to local regulators and law enforcement authorities as appropriate.

•  Provide regulatory advice on a case-by-case basis to client relationship teams accepting that the final decision resides within the Business.

•  Provide advice and support for clients designated under the Risk Segmentation as “High Risk”.

•  Identify and, where appropriate, escalate to the Regional AML Head issues of Legal, Regulatory or Reputational Significance.

•  In conjunction with the Business Groups, ensure that all new products and services are subjected to an initial AML, TF, ES, Fraud and ABC risk assessment prior to implementation.

•  Attend Industry, Regulatory and other appropriate working groups and committees to represent the banks concerns and issues.

•  Act as the primary point of contact for all AML, TF, ES, Fraud and ABC matters in Singapore.

The Successful Applicant

An individual who is a team player, self-driven, creative, and excited about an opportunity to learn and being a key contributor towards building a strong and respected Compliance team.

Someone interested in being part of a bank which is in expansion mode;

•  This person will be expected to work within an established strong teamwork culture within the Singapore Compliance team and with Regional Head of AML and to cultivate a knowledge sharing approach.

•  Degree with with strong AML compliance knowledge within a financial institution, regulator and/or other comparable environment;

•  Excellent understanding and applicability of Singapore laws and regulations related to AML / TF / ES / ABC. Knowledge of international laws and regulations related to AML / TF / ES / ABC would be helpful;

•  Background in dealing with Regulators, Law Enforcement and Government

•  Excellent analytical skills and ability to solve problems;

•  Strong interpersonal, oral and written communication skills;

•  Able to demonstrate commercial sense and initiative, solution orientation, accountability;

•  Able to manage conflicts and manage competing priorities

What's on offer

A leading bank with a supportive and developing approach to their staff. Excellent benefits and a good compensation package.

Apply for this job           
Apply online using the Apply button below or phone Annabel Roberts on + 65 6533 2777 quoting jobref H1342590