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- Lead and provide guidance within the AML EDD Team, providing strategic direction and expert guidance.
- Oversight of day-to-day EDD alerts/matters and monitor aging status of EDD alerts. Vigilantly monitoring team timelines to ensure prompt and accurate alert reviews by the team.
- Provide expert AML advisory to all business lines.
- Perform holistic EDD reviews with focus on Event-driven reviews.
- Conduct screening and background checks for customers, related parties and counterparties.
- Analyse the triggers for the event and review draft questions (RFI) for customers to address the triggers.
- Draft memo on ML/TF/Sanctions risk assessment based on customer profiles, transaction lookbacks and customer's response and recommend account management strategies.
- Conduct investigations on identified customer profiles, suspicious transactions or activities.
- Filing of STRs to SONAR, ensuring compliance with regulatory reporting obligations and timelines.
- Prepare and present insightful Management Information System (MIS) reports for internal and/or regulatory-related reporting.
- Periodic review of customer profile risk scoring mechanism.
- Enhance and optimize the design and management of KYC system logics and processes, tailored to meet the needs of our evolving and diverse client base.
- Stay abreast of the latest regulatory developments in AML/CFT and ensure our processes align with industry-leading practices and regulatory guidelines. Proactively prepare for and navigate regulatory audits to ensure our EDD framework and processes remains compliant.
- Foster a collaborative approach within AML Team and other departments within the Bank.
- Support AML Team in the execution of ad-hoc key AML/ CFT matters where required.
- 10 years' experience in Enhanced Due Diligence Reviews and/or Anti-Money Laundering (AML) and Countering Terrorism Financing (CFT) in a digital and/or SME/Corporate banking environment.
- Team lead or managerial experience will be advantageous.
Anti-Money Laundering Enhanced Due Diligence Manager - Singapore - Morgan McKinley
Description
My Client, a leading digital bank in Singapore, offers a broad spectrum of banking services. Renowned for its innovation and customer-focused approach.Job Responsibilities
Morgan McKinley Pte Ltd | EA Licence No: 11C5502 | EA Registration No. R