AML/ CFT Compliance Specialist (Singapore)

Our Client

Our client is a leading FinTech company specializing in payments and digital services. They are also a prominent e-commerce company offering a wide range of financial services, such as Digital Wallet, Money Transfer, Online Shopping, Mobile Payment, etc. Currently, they are looking for an AML/ CFT Compliance Specialist (based in Singapore). This person will provide expert and practical advice to internal stakeholders on regulatory requirements, policies, procedures, and areas of AML/ CFT.

Job Description

• Provide expert and practical advice to internal stakeholders on regulatory requirements, policies, procedures, and areas of AML/ CFT
• Review and assist with product and services risk assessments of the company
• Develop, implement and maintain relevant policies, procedures, templates, manuals on AML/ CFT controls framework
• Assist/ Manage all regulatory, audits, independent reviews engagements relating to AML/CTF
• Assist/ Manage all financial crimes ad sanctions-related incidents, escalations and exceptions
• Identify and mitigate potential areas of AML compliance vulnerability and risks/gaps
• Design and develop a deep understanding of AML/ CFT products and system capabilities, to propose new products/ system building or enhancements necessary to meet regulatory requirements
• Collaborate with AML operations, product and technology team to raise system requests, conduct system testing and follow up on change requests till completion
• Manage AML/ CFT related projects and enterprise wide risk assessments (EWRA) report
• Design and execute regular reports to Senior Management and/or Board of Directors, measuring success and performance of AML Compliance initiatives, program, operations, critical metrics, and KRIs.
• Assist with timely investigations and reviews for enhanced due diligence, transactions and sanctions related cases
• Conduct regular training on AML/CTF and Sanctions matters
• Monitor, keep abreast and assess impact of AML regulatory developments in Singapore
• Support MLRO in executions of other ad-hoc key AML/ CFT matters where required

Requirements

• Bachelor degree in accounting, business or finance or equivalent work experience
• Minimum 6 years of experience in Anti-Money Laundering (AML) and Countering Terrorism Financing (CFT) in a banking environment
• Strong communicator and collaborator with critical thinking and analytical skills
• Team player with proactiveness and able to work independently
• Highly motivated self-starter, eager learner and good team player with excellent project management and communication skills
• Ability to work independently under pressure, meet deadlines and adapt to a fast paced work environment