My client is a leading life insurance company in Singapore committed to providing financial security and peace of mind to our customers through innovative life insurance products.
Job Description:
As an AML Executive, you will play a crucial role in ensuring compliance with Anti-Money Laundering (AML) and Counter-Terrorist Financing (CTF) regulations. This role requires the understanding of regulatory requirements and the ability to effectively communicate and collaborate with internal stakeholders.
Key Responsibilities:
· Oversee the AML/CFT aspects of customer onboarding to ensure timely and accurate completion of KYC/CDD checks. Conduct regular reviews of existing customers based on risk assessment and regulatory requirements to maintain current and compliant records.
· Perform comprehensive KYC and CDD reviews on new customers, including high-risk cases, adhering to regulatory guidelines and company policies.
· Assess risks to detect potential money laundering or terrorist financing activities, and promptly escalate suspicious cases to relevant authorities.
· Contribute to the development and enhancement of AML policies, procedures, and controls in alignment with regulatory changes and industry standards.
Requirements:
- Minimum 2 years of experience in AML/CFT compliance within the financial services industry, preferably in life insurance.
- Knowledge of Singapore AML regulations and guidelines issued by MAS.
- Professional certification such as CAMS (Certified Anti-Money Laundering Specialist) would be an advantage.
- Strong interpersonal and communication skills, with the ability to interact effectively with stakeholders at all levels.
