Assistant Manager, Compliance (AML - Sanctions Analysis)

Key Responsibilities
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AML/CFT Advisory & Onboarding ECDD Reviews
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Provide advisory to the first-line business units on AML/CFT-related areas such as customer onboarding, due diligence requirements, and risk mitigation measures.
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Review high-risk and escalated cases including PEPs, adverse media, high premium and complex structures.
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Assess source of wealth and source of funds for high-risk customers
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Sanctions Management
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Escalate and advise on cases with true hit on sanctions
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Review cases with sanctions risks and recommend the handling to manage the risks
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Transaction Monitoring
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Review the transaction monitoring alerts investigated by the team and escalate suspicious activity.
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Submit Suspicious Transaction Reports (STRs) to STRO when required.
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Reporting and Compliance with AML/CFT Regulations
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Support regulatory audits, MAS inspections and internal audits related to AML/CFT.
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Assist in preparing periodic AML reports, risk assessments, and regulatory returns.
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Policy, Controls and Governance
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Contribute to the development and regular review of AML/CFT policy, procedures and risk assessment framework.
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Participate in control testing, quality assurance reviews, and remediation activities.
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Identify process improvements to enhance effectiveness and reduce false positives.
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Review controls and procedures to ensure compliance with the applicable requirements.
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Training and Stakeholder Engagement
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Deliver AML/CFT training and awareness sessions to staff and representatives.
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Collaborate with first-line business units to ensure consistent understanding and application of AML/CFT controls.
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Participate in AML-related projects and/or undertake tasks assigned from time to time.
Requirements
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Bachelor’s degree
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Professional certification such as CAMS, ICA, or IBF in AML/CFT is an advantage.
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Experience
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4 – 6 years of AML/CFT or compliance experience, preferably in insurance, banking, or financial advisor space.
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Strong knowledge of MAS AML/CFT Notice and Guidelines, Financial Services and Markets Regulations and Targeted Financial Sanctions, and insurance regulations.
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Experience with sanctions management and AML/CFT reviews of universal life insurance policies and unit trusts is an advantage.
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Skills & Competencies
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Demonstrates basic leadership abilities and takes ownership of assigned responsibilities.
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Ability to guide and support junior team members with clear instructions.
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Builds positive working relationships and collaborates effectively with colleagues.
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Strong analytical and investigative skills with attention to detail.
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Ability to interpret regulations and apply them pragmatically to enable the business.
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Excellent communication (written and verbal) and stakeholder management skills.
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Approaches problems logically and proposes practical, workable solutions.
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Embraces change and adapts quickly to new processes, systems or requirements.
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Familiarity with AML systems.
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Ability to manage multiple priorities in a fast-paced environment while delivering high-quality outputs.