Job Description

Overview of Division/Department

Our Anti-Money Laundering(AMLD), a member of our Singapore General Admin Department, is responsible to be the second line of defence to manage money laundering/terrorism financing risks of the branch. AMLD is required to identify and manage the mentioned risks when transactions are being processed or when applications, products, systems and technologies are being adopted.

Company Profile
Mizuho Bank Ltd is the banking subsidiary of Mizuho Financial Group of Japan, one of the world\'s largest financial service providers.

In 1974, one of Mizuho\'s legacy bank commenced its branch operation in Singapore and for over 40 years, we have a presence in Singapore.

Mizuho Bank Singapore Branch holds a Full Bank License and provides banking services to more than 2,000 Japanese and non-Japanese customers, operating with staff strength of more than 700 in Singapore. Its principal business encompasses corporate finance, trade finance, cash management, funds transfers, project finance and treasury. It also collaborates with its affiliate company, Mizuho Securities, to provide investment banking solutions to its customers.

Singapore Branch also serves as a regional office for bank\'s Asia & Oceania operations (excluding East Asia).

Job Responsibilities

• Monitor of Branch compliance with AML/CFT regulations & law
• Draft the internal procedures manual to ensure compliance with the regulatory and legislative framework and to ensure changes to policies, processes and procedures are endorsed and communicated to relevant parties
• Interpret and disseminate information about regulatory changes and propose the revised procedures, documents and compliance tools to accommodate these rule changes in relation to business.
• Perform assurance testing on the process and provides analysis of the results and propose corrective actions
• Identify and continuously improve the internal AML/CFT procedures so as to refine procedures to keep up with industry trends and regulatory requirements
• Assist with the preparation of enterprise-wide risks assessment through collaboration across the organisation\'s risk disciplines.
• Prepare accurate and complete compliance related reports for regulatory submission and audit request
• Conduct and support the review on financial crime incidents and/or control gaps to propose recommendations and remediation steps
• Propose ideas to enhance to systems architecture or controls by working with project team
• Participate in ad-hoc projects relating to AML/CFT areas.

Expected Competency
Functional Expertise

• Familiarise with the policies and regulations and apply AML/CFT knowledge when advising business
• Assist to prepare organization\'s policies and procedures and update changes in the policies and regulations adequately and timely
• Understand and appreciate risk as an element in products and services across various industries and supports in managing the Bank\'s risk

Business Acumen

• Demonstrate good understanding of basic Mizuho banking products and services (remittances, cash & cheques, loans, FX, time deposits, trade finance)
• Demonstrates fundamental knowledge of MLTF risk of each Mizuho banking products and services

Communication Skills /Relationship Management

• Demonstrate good understanding of AML regulations, policies and procedures
• Explain standards and requirements within the context of risk and its implication

Systems / Application

• Able to operate AML systems in an accurate and effective manner
• Perform intermediary level excel function such as using for example, v-lookup, pivot table, and other functions required for day-to-day work

Ethical Practice

• Assist in ensuring that AML/CFT IOPs are kept up to date
• Assist in following up on AML-relevant audit findings and their rectification

1) Identify potential ethical risks and liabilities to the organization
2) Follow standard set of steps for onboarding procedures

Job Requirements
The individual should be analytical and meticulous.

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