JOB DESCRIPTION:

• Conduct risk assessment and due diligence for new accounts to identify potential vulnerabilities related to AML and Sanctions Risk.
• Perform regular review of accounts arising from periodic reviews (PR)and triggering events (TER)
• Analyse challenging or high-risk retail account update/EDD situation and make appropriate recommendations to management to maintain or exit existing relationship
• Review Daily Name Screening hits assessment from Centre of Excellence Team (COE) and ensure that name screening and risk scoring for retail account KYC/ CDD, account updates and Level 2 assessment of name hits are in line with SOP
• Liaise with relevant stakeholders and Trade representatives to obtain additional information or documents such as source of wealth/source of funds to facilitate timely review of TER/EDD/PR, retail account updates and assessment of name hit alerts.
• Manage AML related account exit in timely manner.
• Prepare and file suspicious activity reports and other regulatory reports as necessary.
• Document findings from investigations and create report for management.
• Ensure the relevant checks/screening are performed for the Enhanced Customer Due Diligence (EDD)
• Assist in the development and implementation of internal AML policies, procedures and training programs.
• Recommend effective risk mitigating strategies for senior management consideration
• Ensure proper governance through updating senior management in meetings on regular basis
• Ensure compliance to audit/compliance issues through maintenance, update & revision of policies and procedures in the AML/CFT & Sanctions Risk procedural manuals
• Conduct gap analysis and take necessary actions to resolve identified gaps and align the procedures, practices, and standards with Group Policies
• Conduct training regular on AML typologies and changes in procedures/policies to team members

JOB SPECIFICATION / QUALIFICATION: (PLEASE USE THE EXCEL PROVIDED TO COPY AND EDIT WHENEVER REQUIRED)

• Related working experience of at least 5 years
• Excellent understanding of relevant AML/CFT laws and regulations
• Communicates well and able to present and conduct AML training company-wide
• Possess a strong analytical and problem-solving skills with excellent verbal/written communication and interpersonal skills
• Able to communicate effectively through writing
• Able to directly address conflicts and escalate issues where appropriate
• Preferably possess certification in AML related Diploma / ACAMS
  Primary Location: Singapore
  Job: Client Review
  Organization: OSPL Back Office
  Schedule: Permanent
  Job Posting: 21-Apr-2025, 10:45:03 A

Please refer the Job description for details