Job Description

What the role is:
As part of the AML Operations Team in the Compliance & Legal Group, you will contribute to developing the supervisory framework for Corporate Service Providers (CSPs) to strengthen CSPs' understanding and implementation of the Anti-Money Laundering/Countering the Financing of Terrorism (AML/CFT) requirements under the new CSP Act.
What you will be working on:

• Supporting the review of AML/CFT controls/Compliance Review Program to identify potential weaknesses and contribute to recommendations and assessment of remediation plans by CSPs. This includes providing guidance on implementation challenges and conducting regular follow-ups on remediation progress. o Assisting in the review of inspection and supervisory engagement in line with legislative regime for CSPs, ensuring consistent interpretation and application of regulatory requirements across the sector. o Assisting in the review and assessment of the application and registration process for CSPs and Registered Qualified Individuals, including providing clarification on registration requirements and documentation. o Serving as the primary point of contact for CSPs' technical and regulatory queries, providing timely guidance on system requirements, compliance matters, registration procedures, and regulatory updates while ensuring consistent interpretation of policies and requirements. o Supporting industry outreach efforts and strategic partnerships with external parties (e.g. Professional Bodies) in the CSP sector to strengthen ongoing AML/CFT training efforts and awareness on ACRA's supervisory expectations. o Developing and maintaining guidance materials, FAQs, and technical documentation to address common CSP queries and support their compliance efforts. o Collaborating with internal stakeholders to ensure alignment in responses to CSP queries and maintain consistency in regulatory interpretations.

What we are looking for:

• Professional qualification in any discipline. o Interest in regulatory, supervision, investigation, risk management, and/or audit roles covering AML/CFT. o Good verbal and written communication skills. o Team player who is proactive and eager to learn, with the ability to adapt to changes. o Ability to work on projects and meet deadlines. o Good interpersonal skills and willingness to engage with internal and external stakeholders. o Ability to work in a dynamic environment that requires managing multiple tasks. o Interest in staying updated with changes and developments in the AML/CFT landscape. o Willingness to learn about User Acceptance Testing (UAT) and quality assurance of developed systems.

About Accounting and Corporate Regulatory Authority:
At ACRA, we make Singapore a trusted and best place for business. Our people are proactive self-starters, empowered to create value and grow their careers in an environment that fosters trust and respect. Join us to make a difference! We now have the following exciting career opportunity available. You may also visit our career page at https://www.acra.gov.sg/careers to find out more about other career opportunities.