Job Description

Job Responsibilities

The successful candidate will be part of the Business Risk and Control Management Anti-Financial Crime team within Group Retail (GR) that covers a range of banking segments and products. The key responsibilities, covering AML risks, are as follows:

Formulate and strengthen governance on all risk frameworks, policy, framework, ensuring that GR comply with all applicable legislations, including Anti-Money Laundering crimes. Liaise with internal stakeholders to identify priority areas for review based on control criticality, emerging risks and regulatory focus.
Provide effective challenge to internal stakeholders on existing controls.
Provide advisories and review GRs AML policies and guidelines.
Work with multiple internal stakeholders to deliver desired outcomes.

Review and identify key emerging risks in GR and/or industry and propose risk mitigating measures/controls.
Ensure that potential risk issues highlighted by various Banks risk functions, such as Group Compliance and Group Audit, are properly communicated and/or addressed within GR. Work with Group Compliance and other internal risk departments to ensure that activities are coordinated to avoid duplication and improve the overall effectiveness. Identify and work with Business Units/GR Data Analytics teams on risk management initiatives, thereby increasing operational efficiencies and enhancing proactive risk identification. Support the Business Units/Support Units in risk identification, escalation and remediation. Monitor the effectiveness of the Business Units/Support Units controls (for example, through risk culture/operational risks dashboards, audit reports and fair dealing scorecard). Prepare risk management reports. Provide guidance to BRCMs in overseas locations on Groups risk management initiatives and/or share application/implementation/best practices at Group. Able to articulate and present to senior internal and external stakeholders including regulators and external audit. Ensure that GR is kept abreast of the latest developments (including best practices), on both the risk and regulatory front.
Conduct training where necessary.

Education

Good degree holder in Banking, Finance or Accounting
Certification in regulatory compliance and/or anti-financial crimes is a must

Experience and Skills

Degree or professional qualification in business or banking/financial services related areas
Has minimum 10 years of relevant work experience preferably in audit, regulatory compliance/Line 1 Risk and Control role in retail banking/ banking of a full-service bank Excellent knowledge of Singapores regulations, particularly on anti-financial crimes Proven and relevant experience in regulatory compliance in a financial services institution is required Prior experience in risk/controls design and assessment is required. Prior experience in regulatory framework of South East Asia region is preferred. Prior experience in project and change management and/or process engineering would be a clear advantage Data management and data analytics is preferred. Able to write macros on Microsoft excel or basic programming skill is an advantage. Excellent communication (written, verbal) and interpersonal skills to positively influence people to make the appropriate decisions and resolve conflicts effectively Team player, self-driven with strong interpersonal as well as communication and stakeholder management skills Resourceful, meticulous, analytical and able to work independently with excellent verbal and report-writing skills. Growth mindset, i.e. openness to learn and take on other risks types
Strategic mindset with the ability to have a holistic view for the Group
* Possess creativity and self-motivation to find solutions in an ever-evolving regulatory environment.