AML Compliance Officer

Roles and Responsibilities:

1. Engage customer-facing departments / Business Units on their onboarding and periodic KYC / CDD reviews of their customers (Retail Banking, Corporate Banking including Loan Syndication, Financial Institutions, Custodian, Wealth Management)
2. Act as Checker and independently review and assess Makers’ (from Business Units) submissions of onboarding and periodic KYC / CDD reviews, against the Branch AML Policy & Procedure (P&P) requirements and provide concurrence
3. Advise and provide guidance to Maker in adhering to the Branch AML P&P requirements
4. Monitor the Branch’s onboarding/periodic KYC/CDD reviews status and report to AML Supervisor, Head of Legal & Compliance Department and Branch Management.
5. Monitor Departments/Units’ AML compliance standards and escalate to AML Supervisor and Head of Legal & Compliance Department on any identified issue(s)
6. Conduct relevant QA testing and monitoring AML reviews in accordance with Annual Branch Compliance Testing/Monitoring Policy/Plan
7. Clear triggered hits in AML screening systems
8. Maintain the internal Branch Watchlists in various AML screening systems
9. Draft STR filing, where required, and seek internal approval
10. Any other matters as assigned by HOD

Pre-requisite Requirements:

1. A Bachelor’s Degree
2. Minimum 3 years of compliance KYC/CDD experience, preferably working in Compliance Departments or Business Assurance / Business Compliance functions before.
3. Candidates with ICA or ACAMS qualifications would be advantageous.
4. Familiar with the MAS AML Notices and Guidelines applicable to Bank, ACIP Industry Guidance Papers.
5. Able to read and write reasonably well.
6. Able to think logically and work well independently with limited guidance and tight timelines.
7. Able to prioritize and multi-task, handle ad-hoc projects as and when required.
8. Motivated and possess self-initiative to learn and work with other stakeholders.
9. A strong team player with excellent inter-personal and communication skills and is comfortable engaging with senior stakeholders/external parties.