Regional AML Testing VP recruitment
This role will be responsible for the management and maintenance of risk focused testing, performed at country and regional level, with a particular focus in AML.
The key responsibilities of the role will include:
- Establish effective and optimal Test Plans for AML, while working with the Regional Heads and the Country Testing teams, by ensuring that the AML Test Plans in each country are risk based and covering key risk areas
- Work closely with the Regional Heads and the country teams to monitor AML Test Plans progress, test results and observations and adequacy of controls.
- Manage interactions with Regional AML Compliance, proactively identify emerging AML related control concerns and risk areas and/or trends, escalate to appropriate seniors for appropriate actions, and provide recommendations as needed and initiate Testing if required.
- Through advice and expertise, identify practical solutions to address control weaknesses and process deficiencies that are of concern to the business
- Oversee and enhance the AML Testing Analytics function (i.e. AML MIS, trend analysis and monitoring)
- Remain abreast of legal and regulatory changes in order to ensure monitoring and testing practices are up-to-date with the regulatory environment
- Lead and participate in AML reviews and discussions, including planning/scoping of review and execution of the test program.
- Interact with other Testing, Control groups like IA, ERM and in Business Control on AML related control concerns
- Work closely with the global/regional/country Control teams on various AML Testing initiatives, projects, system migration and any ad-hoc requests/deliverables from various sources.
Requirements
- Bachelor's Degree or relevant professional qualification
- 8-10 years of experience in the financial services industry or in Big Four with financial institution engagement, with 4-6 years in compliance, control /or audit /risk management roles
- Possess leadership ability, strategic thinking, problem solving and strong analytical, execution, communication and interpersonal skills
- Balanced approach to Business issues, specially from a Compliance Perspective
- Ability to use technology and analytics in problem solving
- Strategic ability to identify emerging Compliance risks
- Ability to think outside the box and provide balanced views on key issues , particularly to senior management
August 31, 2012
• Tags: Compliance, Legal careers in the Singapore, Regional AML Testing VP recruitment • Posted in: Financial