Responsibilities:
1. Act as the reference point for the AML/CFT matters within the reporting institution.
2. Have a good knowledge of the country statutory and regulatory requirements, procedures, and standards as well as their practical effects on the Compliance Investigation and Customer Transactions procedures.
3. Ensure at all times that the Company complies with all the provisions of the Legal and Regulatory Requirements.
4. Ensure compliance with Money Laundering and Countering the Financing of Terrorism and the related Guidelines and taking overall charge of all AML/CFT matters within the organisation;
5. Design, maintain, and implement adequate Policies, Procedures, Forms, Reports, and Systems in order for the Branch Operations.
6. Effectively implement the Compliance Investigation Procedure for the Company.
7. Assess, evaluate, and manage all types of AML/CFT Risks.
8. Promptly inform all the members of staff within the Company of regulatory changes;
9. Liaise between the Company and the Regulatory Authorities, and the Suspicious Transaction Reporting Officer (STRO), Commercial Affairs Department for matters related to Money Laundering and Countering the Financing of Terrorism, and any other Legal and Regulatory Requirements for the full compliance of the Company.
Requirements:
• A bachelor’s degree or equivalent in any relevant field such as business administration, finance, law, or risk management. ACAMS certification is a plus.
• Possess at least 3 - 5 years of experience in both regulatory and AML/CFT compliance, preferably in the payments industry with experience dealing with MAS.
• Strong leadership and people management skills to build a high performing compliance function and strong working relationship with internal and external stakeholders.
• Clear communication skills are necessary for informing and educating employees and filing accurate compliance reports with regulatory agencies.
• Experience in conducting regulatory risk assessment, EWRA and developing compliance policy and procedures will be an advantage.
• Knowledge on MAS regulatory requirements will be an advantage.
