AML Consultant

Position Objective:
As the senior member of the AML operations team, support the Lead, FCC, in ensuring the efficient operation of the AML programme and guiding a team of analysts to deliver quality results on a timely basis.
As the SME for EDD, provide the end-to-end support for the onboarding of high risk customers (HRC) from the high net worth (HNW) and offshore business segments which will include performing the relevant CDD, SOF, SOW collection and corroboration, EDD investigation and customer risk assessment on a timely basis.
Roles and Responsibilities:
Risk Assessment & Compliance:
• Conduct enhanced due diligence (EDD) on high-risk customers and complex cases.
• Liaise with internal stakeholders to ensure timely escalation of potential risks to senior management
• Work closely with the distribution channels and other support units (such as New Business) to coordinate the EDD case management and ensure relevant supporting documents address the risks assessed.
• Prepare Suspicious Activity Reports (SARs) in compliance with regulatory and internal requirements.
• Support the Lead, FCC, by reviewing and providing input on the investigations and assessments performed by junior analysts.
Reporting & Documentation:
• Maintain accurate records of all EDD and correspondence in accordance with company policies and regulatory obligations.
• Support the Lead, FCC, in regular and ad-hoc reporting to senior management, Group Compliance, regulators and auditors and other stakeholders
• Prepare and present detailed findings, analysis, and recommendations to internal teams or regulators when necessary.
Operational Support & Process Improvement:
• Identify trends and inefficiencies in the AML operations processes and recommend improvements and participate the enhancement initiatives, including UAT, update of operational manuals
• Provide training, advisory and guidance to the relevant business units on the EDD requirements, especially on the SOF/ SOW corroboration requirements and proactively identify areas of improvements in relation to the area of independent assessment, risk mitigations and benchmarking
• Support the Lead, FCC, in implementation of new processes to address evolving AML risks and landscape.
Team Support & Mentoring:
• Mentor junior analysts and provide guidance on more complex investigations and cases.
• Contribute to training programs to ensure the team's knowledge and skills are continuously evolving in line with industry standards.
• Support the Lead, FCC, in monitoring the performance of the analysts and ensuring timelines are met
Minimum Job Requirements:
Education:
• Bachelor's degree in Finance, Law, Business, or a related field (or equivalent experience).
• Certification in Anti-Money Laundering (e.g., CAMS, CFE, or other relevant certifications)
Experience:
• Minimum of 5-7 years of experience in AML compliance, financial crime prevention, or a related field
• Experience in the insurance industry
• Experience in AML systems (e.g., Actimize, SAS, etc.)
• Experience in EDD reviews and KYC onboarding for HNW / offshore customers, including good understanding of the various issues and practical solutions of the SOF / SOW corroborations for high-risk clients.
Skills & Attributes:
• Strong analytical and investigative skills with attention to detail.
• Ability to work independently and manage multiple priorities under pressure.
• Proficient in Microsoft Office Suite (Excel, Word, PowerPoint) and data analysis skills
• Knowledge of local and international AML regulations and standards (e.g., FATF, OFAC, MAS, TSIFA).
• Team player with interest in mentoring and development of junior team members
• Strong interpersonal skills and ability to positively influence internal (distributions channels and support staff) and external parties (brokers, bankers, agents) to ensure strong and effective AML risk and compliance governance.

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