Subject matter expert on AML on consumer banking business
Keep abreast of all developments on AML and collaborate with the relevant stakeholders to adopt best industry practices.
Work with Group Regulatory Compliance Unit (RCU) to establish/ re-define the AML policies and processes to ensure that these are robust to manage the AML risks.
Supervise a team of staff to:
Develop annual AML Compliance Inspection Plan for GCFS SG and ensure effective execution by team members.
Conduct regular training for GCFS SG staff to raise their level of awareness of AML risks and their understanding on how these risks are managed.
Update department's Product Library where appropriate.
Complete AML related management reports within specific timeline.
Co-ordinate AML/CFT related internal/external audits for GCFS SG
Provide advisory support to business units where required.
Lead/ participate actively in AML projects (at Group and business unit levels) to strengthen the AML processes to stay ahead of AML risks.
Work closely with RCU and BUs to ensure all issues highlighted by Regulator and internal/ external auditors are closed in a complete, timely and effective manner
Degree with minimum 5 years of broad based AML/CFT experience (i.e. transaction monitoring, screening & sanctions, KYC,). Knowledge of regulations governing the consumer banking business, and consumer banking products.
Good understanding of regulatory requirements relating to money laundering and terrorism financing
Good leadership & interpersonal skills
Able to analyse issues independently
Strong written and oral communication skills and ability to interact effectively with people at different levels
Experience in auditing and risk management is an added advantage