My Client, a leading digital bank in Singapore, offers a broad spectrum of banking services. Renowned for its innovation and customer-focused approach.
Job Responsibilities
Lead and provide guidance within the AML EDD Team, providing strategic direction and expert guidance.
Oversight of day-to-day EDD alerts/matters and monitor aging status of EDD alerts. Vigilantly monitoring team timelines to ensure prompt and accurate alert reviews by the team.
Provide expert AML advisory to all business lines.
Perform holistic EDD reviews with focus on Event-driven reviews.
Conduct screening and background checks for customers, related parties and counterparties.
Analyse the triggers for the event and review draft questions (RFI) for customers to address the triggers.
Draft memo on ML/TF/Sanctions risk assessment based on customer profiles, transaction lookbacks and customer's response and recommend account management strategies.
Conduct investigations on identified customer profiles, suspicious transactions or activities.
Filing of STRs to SONAR, ensuring compliance with regulatory reporting obligations and timelines.
Prepare and present insightful Management Information System (MIS) reports for internal and/or regulatory-related reporting.
Periodic review of customer profile risk scoring mechanism.
Enhance and optimize the design and management of KYC system logics and processes, tailored to meet the needs of our evolving and diverse client base.
Stay abreast of the latest regulatory developments in AML/CFT and ensure our processes align with industry-leading practices and regulatory guidelines. Proactively prepare for and navigate regulatory audits to ensure our EDD framework and processes remains compliant.
Foster a collaborative approach within AML Team and other departments within the Bank.
Support AML Team in the execution of ad-hoc key AML/ CFT matters where required.
Requirements
10 years' experience in Enhanced Due Diligence Reviews and/or Anti-Money Laundering (AML) and Countering Terrorism Financing (CFT) in a digital and/or SME/Corporate banking environment.
Team lead or managerial experience will be advantageous.
Proficiency in the Singapore AML/CFT regulations and guidelines
Morgan McKinley Pte Ltd | EA Licence No: 11C5502 | EA Registration No. R21100351
