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

• Understand the product and business Mizuho conducts and provides accurate and adequate advice to business
• Monitor of Branch compliance with AML/CFT regulations & law
• Organise and perform CDD reviews in accordance with AML/CFT framework
• Assist in enhancement of CDD processes to optimize resources for timely completion of CDD
• Keep abreast with regulations and provide advisory to counterparts on the regulations
• Ensure AML/CFT policies and procedures are up-to-date
• Conduct AML/CFT related training
• Participate in projects and provide support to the team

Expected Competency
Functional Expertise

• Able to review and prepare suspicious transactions reports and provide insights to management in a timely manner.
• Able to make sound recommendation to work around issues, and be able to arrive at the best outcome in relation to risk-benefit analysis
• Independently approve CDD reviews and TM transactions (categorized in lower risk group)
• Ensure AML/CFT policies and procedures are up-to-date and if required, propose new processes or criteria to increase efficiency or productivity.
• Approve CDD reviews and TM transactions. Where applicable, escalation of cases to SH when there are potential AML concerns.
• Assess on-going risk profiles of clients via review of information and factors of warning signs gathered by junior staff

Business Acumen

• Able to review accounts which are flagged to be potential high risk for ML/TF to be closed and make the appropriate recommendation.
• CDD - Able to approve complex shareholding structures and special reviews confidently
• Review documents including legal documents such as facility agreement or agreement with vendors by incorporating both customers\' and organization\'s requirements in collaboration with relevant stakeholders.
• Able to extract from ABS, MAS HO and circulars when they relate to AML/CFT/Sanctions/Tax and disseminate the information accordingly. Evaluate and give insights on how to deal with new rule/regulation and reporting, as well as any impact on existing process and parameters. and be able to provide advice to teams of the said impact and any solutions if applicable.
• Keep abreast with industry practices, advice and provide training on AML/CFT sanctions/tax risk and encourage collaboration with counterparts in the bank.

Communication Skills /Relationship Management

• Drive awareness of onboarding process flows with relevant stakeholders
• CDD - Able to manage business group portfolio(s) and its stakeholders independently.
• Formulate responses on Know Your Customer (KYC) reviews and issues arising from business units and
• overseas units
• Explain policy changes to other business units based on industry trends and legislative changes

Systems / Application

• Able to lead and implement system enhancements of AML systems.
• Ability to understand and apply more complex models in relation to advanced analytics.
• Ability to engage in Data Storytelling by conveying key messages and findings from investigation in a clear

• and compelling and easy-to-understand manner for relevant stakeholders to take action

Ethical Practice

• Able to lead and implement system enhancements of AML systems.
• Ability to understand and apply more complex models in relation to advanced analytics.
• Ability to engage in Data Storytelling by conveying key messages and findings from investigation in a clear

• and compelling and easy-to-understand manner for relevant stakeholders to take action

Leading a team

• Able to provide guidance to the junior staff in current projects or tasks, to enable their development in their role or function.

Job Requirements
Requires knowledge in corporate banking products.
Should be able to manage review and advise complex corporate structures independently.

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