Position
Objective : As the senior member
of the AML operations team, support the Lead, FCC, in ensuring the
efficient operation of the AML programme and guiding a team of
analysts to deliver quality results on a timely
basis.
As the SME for EDD, provide the
end-to-end support for the onboarding of high risk customers (HRC)
from the high net worth (HNW) and offshore business segments which
will include performing the relevant CDD, SOF, SOW collection and
corroboration, EDD investigation and customer risk assessment on a
timely basis.
Roles and
Responsibilities : Risk Assessment &
Compliance :
(EDD) on high-risk customers and complex
cases.
ensure timely escalation of potential risks to senior
management
channels and other support units (such as New Business) to
coordinate the EDD case management and ensure relevant supporting
documents address the risks assessed.
Suspicious Activity Reports (SARs) in compliance with regulatory
and internal requirements.
FCC, by reviewing and providing input on the investigations and
assessments performed by junior analysts.
Reporting &
Documentation :
all EDD and correspondence in accordance with company policies and
regulatory obligations.
in regular and ad-hoc reporting to senior management, Group
Compliance, regulators and auditors and other
stakeholders
findings, analysis, and recommendations to internal teams or
regulators when necessary.
Operational Support
& Process Improvement :
inefficiencies in the AML operations processes and recommend
improvements and participate the enhancement initiatives, including
UAT, update of operational manuals
training, advisory and guidance to the relevant business units on
the EDD requirements, especially on the SOF / SOW corroboration
requirements and proactively identify areas of improvements in
relation to the area of independent assessment, risk mitigations
and benchmarking
implementation of new processes to address evolving AML risks and
landscape.
Team Support &
Mentoring :
guidance on more complex investigations and
cases.
ensure the team's knowledge and skills are continuously evolving in
line with industry standards.
Lead, FCC, in monitoring the performance of the analysts and
ensuring timelines are met
Minimum Job
Requirements : Education :
Bachelor's degree in Finance, Law, Business, or a related field (or
equivalent experience).
Anti-Money Laundering (e.g., CAMS, CFE, or other relevant
certifications)
Experience :
Minimum of 5-7 years of experience in AML compliance, financial
crime prevention, or a related field
Experience in the insurance industry
Experience in AML systems (e.g., Actimize, SAS,
etc.)
onboarding for HNW / offshore customers, including good
understanding of the various issues and practical solutions of the
SOF / SOW corroborations for high-risk
clients.
Skills &
Attributes :
investigative skills with attention to detail.
Ability to work independently and manage multiple priorities under
pressure.
(Excel, Word, PowerPoint) and data analysis
skills
AML regulations and standards (e.g., FATF, OFAC, MAS,
TSIFA).
and development of junior team members
interpersonal skills and ability to positively influence internal
(distributions channels and support staff) and external parties
(brokers, bankers, agents) to ensure strong and effective AML risk
and compliance governance.
Consultant • Singapore