REQUIREMENTS

• Bachelor’s degree in any Finance & Banking or equivalent fields
• Minimum 10 years of relevant experience in banking in risk and operation management.
• At least 5 years of hands-on experience in the AML field (client onboarding review [including documentation], ongoing periodic client review, transactions monitoring) in a Private Bank and must be familiar with the MAS 626 requirements or other international AML/CFT standards

ROLE SUMMARY

• Responsible for overseeing account approval, AML and compliance risk by monitoring the KYC and CDD, to ensure Private Banking account opening procedure meets Singapore regulatory requirement for high-net worth individual clients.
• Develop AML control strategies to optimize account opening and underwriting opportunities to support business growth, while ensuring an appropriate balance between risk and return.
• Support management to formulate business plans and develop sales management reports and MIS to drive business growth.
• Provide general client service support to front office.

AML/CTF RESPONSIBILITIES

• Comply with anti-money laundering / counter terrorist financing requirement and sanction risks controls in accordance with regulatory standards and bank’s policies.