Anti-Money Laundering Officer

About This Role

This role involves supporting the Anti-Money Laundering (AML) and Counter-Financing of Terrorism (CFT) programs, policies, and procedures for relevant entities. It suits a professional with a background in financial services or the payment industry who can assist with AML controls, review escalated alerts, and report suspicious transactions.

Responsibilities

• Assist with the ongoing and periodic update of the relevant entities’ AML/CFT and Sanctions Program, policies, and procedures
• Assist with the oversight of implementation, effectiveness, and sustainability of AML controls
• Assist MLROs in relation to the review of escalated alerts (EDD, transaction monitoring, name screening alerts etc)
• Perform suspicious transactions/activities reporting to the relevant authorities as required
• Monitor, keep abreast, and assess the impact of AML/CFT and sanctions regulatory developments
• Provide advice and guidance on relevant AML laws and regulations
• Handle and advise internal stakeholders on AML/CFT and sanctions related enquiries
• Identify and mitigate potential areas of AML compliance vulnerability and risks/gaps
• Collaborate with Risk and Compliance functions to address AML compliance issues and engender a culture of compliance within the business
• Assist with the preparation of AML materials for entity Board and risk management governance committee meetings
• Assist to ensure that AML/CFT and Sanctions training for employees is adequate, appropriate, and effective

Requirements

• University Graduate with at least 5 years of relevant AML experience and expertise within financial services or the payment industry
• Familiarity with Singapore AML/CFT and sanctions laws and regulations
• Technically-inclined with an ability to engage and work with technology specialists and very comfortable navigating in a fast-paced, rapidly evolving environment where structure is a work in progress
• Ability to work under pressure, meet deadlines, and work effectively with multiple stakeholders
• Proficient in English

Nice to have:

• Proficient in Mandarin