Director / Vice President – FCC/AML Monitoring & Testing
- Posted 15 July 2022
- LocationSingapore
- Job type Permanent
- DisciplineChief Operating Officer & Governance
- ReferenceBL/D-VPFCC/FS/SG-HK
Job Description
Based in Singapore / Hong Kong
Highly visible role
Great career opportunity growth
Our client is a top tier European Private Bank and we invite high caliber professional to apply for this new role, reporting directly to the Head of Compliance.
Key Responsibilities:
Key Scope
KYC/AML
Transaction Monitoring
Payment filtering
Periodic name screening
STR filing and maintenance
Risk Assessment
Perform annual compliance risk assessment to identify key risk areas that need to be monitored.
Provide inputs on RSCA or other risk assessments where relevant
Compliance Monitoring and Testing
Formulate yearly and thematic compliance monitoring and testing plan based on risk assessment results, regulatory horizon scanning, and discussion with key stakeholders.
Execute compliance monitoring and testing plan, including conduct of thematic review as necessary.
Report results to senior management &/or relevant committees.
Track for timely resolution of issues identified during compliance monitoring and testing activities, which should also focus on root cause/key controls as opposed to just remediating specific samples.
Maintain the compliance and testing monitoring framework, including Directive.
Audit/Inspection/External Audit
Track for timely resolution of audit/inspection/external review findings that are owned by Compliance.
Report status of resolution to Head of Compliance and relevant committee.
Others
Projects
Management reporting
Coordinate audit/inspection activities
Key Requirements:
Degree holder.
Min 10 years relevant experience in FCC/AML function within a wealth management/private bank, or Big 4, with at least 5 years in FCC/AML Monitoring roles or equivalent in controls.
Candidates with less experience will be considered for VP position
Strong product knowledge and Singapore regulations
Good communication and writing skills in English.
Possess initiative and is able to work independently.
Able to handle stress and has excellent time management skills.
Strong interpersonal skills and a good team player.
Strong analytical and evaluative skills and attention to details.
Good computer skills in MS Excel, Word & Powerpoint
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EA Licence No.: 15S7496