Qualifications: 

• Relevant degree or equivalent from a recognized University
• With at least 5-7 years of working experience in AML
• Minimum 3 years of which in people management
• Significant experience gained in the banking industry, preferably in compliance, risk management, legal, audit, operations, etc.
• Semi Work From Home Set-up

Responsibilities: 

• Develop and implement regulatory compliance and AML/CFT activities to comply with all applicable laws, rules, regulations, guidelines, and standards, as well as the Group Compliance’s policies and procedures.
• Assist the Chief Compliance Officer (CCO) in preparing and updating the bank’s Compliance Program as well as to monitor the key compliance issues and initiatives to ensure that compliance risk across all business units are properly managed.
• Ensures that all policies and procedures for compliance and AML/CFT are up-to-date and abreast with the latest issuances, regulations, and Group standards.
• Continually assess effectiveness of the bank’s compliance and AML/CFT policies, procedures, and systems.
• Conduct regulatory review on the controls implementation and regulatory risks within the business units.
• Perform gap and risk impact analysis on existing and new regulations to ensure that the appropriate controls are in place.
• Oversee completion of business units of the Compliance Self-Assessment Matrix and reporting of the results to the Chief Compliance Officer (CCO) and Senior Management.
• Work closely with the DCOROs and HODs of respective business units in conducting independent testing to oversee effectiveness of controls and access inherent compliance risks.
• Ensure implementation of the Annual Compliance Risk Assessment Methodology.
• Manage and monitor compliance breaches/potential suspected non-compliance or any irregularities to the regulation.
• Coordinate with business units in conducting root cause and impact analysis of identified regulatory and AML/CFT breaches.
• Monitor and ensure that the business units have taken/will take appropriate remedial actions and establish preventive measures to avoid recurrence.
• Provide compliance assessment and advisory to business units on existing and new regulatory issuances
• Recommend and provide value-added advice on the adequacy of controls within business units in managing and mitigating regulatory and AML/CFT risks effectively.
• Review and assess regulatory and AML/CFT risks during new products/services/process/policy/infrastructure projects sign-off.
• Ensure compliance with relevant reporting requirements
• Monitor and identify regulatory and AML/CFT issuances that requires periodic prudential reporting.