AML Consultant - Singapore - AIA Singapore Private Limited
Description
FIND YOUR 'BETTER' AT AIAWe don't simply believe in being 'The Best'. We believe in better - because there's no limit to how far 'better' can take us.We believe in empowering every one of our people to find their 'better' - in the work they do, the career they build, the life they live and the difference they make.
So that together we can support even more people - including our own - to live Healthier, Longer, Better Lives.
If you believe in better, we'd love to hear from you.About the RoleAs an AML Consultant, you will develop and drive the team executing processes and controls to ensure compliance with rules and regulations that prevent financial crime with the use of technologies, data analytics tools and process under AML/CFT programme.
Key Responsibilities:
Being the Subject Matter Expert (SME) to provide guidance and advice to internal stakeholders over requirements associated Anti-Money Laundering (AML), Counter Financing Terrorist (CFT) and Anti-Bribery Corruption (ABC);Establish procedures and manuals for handling varies Financial Crime Compliance (FCC) activities, including enhanced due diligence, transaction monitoring;Provide guidance to the team meeting applicable regulatory requirements and internal AML/CFT Framework, Guidelines, Standards, Policies and Standard Operating Procedures (SOP);Prepare AML/CFT/ABC related management reports to varies stakeholders;Provide guidance and procedures to the team to maintain accurate regular review, risk assessment, trigger event review and enhanced due diligence records;Allocate relevant FCC team resources to support business needs (e.g.
automation opportunities) to streamline relevant FCC operational processes;Assess / review / advise to proposals/transactions associated with higher ML/TF risk (e.g.
PEP, SDN, tax evasion, adverse findings identified via name screening or transaction monitoring activities);Conduct investigation / enhanced due diligence reviews on higher ML/TF risk customers or cases associated with AML/CTF/ABC risk on regular or upon ad-hoc request;Identify suspicious transaction with support of data analytics, early warning system reports and AML Systems, and file Suspicious Transaction Report to local Financial Intelligence Unit (STRO);Support regulatory survey / risk assessment / compliance review / quality assurance activities on regular or upon ad-hoc request;Formulate and follow through implementation of remediation action plans to support closure of internal and external audit observations, on a timely basis;Exercise diligence in delivering quality works and strong commitment to agreed timeline.
Carry out other ad-hoc tasks or projects, e.g. support regulatory reporting
Key Requirements:5 to 7 years of working experience in Insurance or Banking industry supporting Financial Crime Compliance functionsIn-depth knowledge and understanding in AML/CTF control processes and MAS requirementsHave team lead experience in driving process change or supporting operational activities in insurers or banksAttention to details, able to take on high volume of workload and multi-taskingExcellent verbal and written communication skillsCertifications pertaining to AML/KYC, e.g.
Build a career with us as we help our customers and the community live Healthier, Longer, Better Lives.
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