Deputy MLRO
My client is an International Wealth Management firm with a growing presence in Asia. They are currently looking to recruit a Deputy MLRO to be based in Singapore.
Key Responsibilities will include:
- Work within Singapore Compliance and particularly with Senior Compliance Managers/ Singapore MLRO to be responsible for providing oversight and governance on day-to-day AML related matters including approving High Risk accounts, reviewing AML exceptions on a daily basis, producing AML related statistics, sanction and payment clearances, review PEP accounts, etc.
- Assist in training other Singapore Compliance team members on AML specific matters on an ongoing basis and promote a culture of knowledge sharing within the team.
- Work alongside Senior Compliance Managers and Regional Head of AML Compliance and/or be assigned lead responsibility on the AML related work streams in key initiatives
- Interpret Legal and Regulatory requirements
- Provide advice and support to Payments operations areas in respect of Sanctions and related screening activity.
- Approve and review the screening "exceptions" ensuring that they are periodically re-visited by the appropriate business area.
- Provide regulatory advice on a case-by-case basis to client relationship teams.
- Provide advice and support for clients designated under the Risk Based Approach as "High Risk".
- Assist in the implementation and delivery of an existing client review program to detect potential AML and TF.
- Assist in the implementation of local policy/ procedures for de-marketing clients that reflects Enterprise Policy Preparing and conducting training on AML Compliance topics.
To be successful in this application, you should have:
- An individual who is a team player, self-motivated, creative, energetic, 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
- 5 or more years of AML Compliance experience within a financial institution, regulator and/or 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 useful;
- Experience in dealing with Regulators , Law Enforcement and Government
- Excellent analytical skills and ability to solve problems;
- Strong interpersonal, oral and written communication skills
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