Lead (AML), Financial Crime Compliance

Overview
Job Description Summary:
The Lead, FCC will lead the Anti-Money Laundering (AML) operations team, oversee the day-to-day activities and ensuring the company's compliance with local and Group AML regulations. This role is crucial for driving the strategic execution of AML controls, conducting risk assessments, and leading investigations into suspicious financial activity.
The successful candidate will also be responsible for ensuring the efficient operation of the AML programme, managing a team of analysts, and be involved in liaising with local regulatory bodies.
Job Description
AML Programme Management
Lead the AML operations team to ensure the effective and accurate execution of transaction monitoring, customer due diligence (CDD), and enhanced due diligence (EDD) processes.
Oversee the preparation and submission of Suspicious Activity Reports (SARs) and ensure timely escalation of high-risk activities.
Drive the adoption of AML best practices and regulatory compliance across all operational functions.
Team Leadership & Development
Manage, train, and mentor a team of AML analysts to enhance their skills and ensure optimal performance.
Provide strategic direction and foster a collaborative environment to ensure the AML operations team aligns with organizational goals.
Conduct regular performance evaluations and provide feedback to improve team efficiency and morale.
Transaction Monitoring, CDD, EDD
Supervise the investigation of flagged transactions and customers and assessment of the potential money laundering risks associated with high-risk customers or activities
Review and/or approve the investigation and assessments performed by the AML analysts
Ensure that appropriate investigation and assessment workflows and timelines are followed and proper documentation is maintained for audit and reporting purposes.
Work with internal stakeholders to implement necessary system changes or updates to enhance transaction monitoring and reporting processes.
Regulatory Compliance & Reporting
Stay up-to-date with relevant AML/CFT regulations and international standards (e.g., FATF, MAS, etc.) to ensure ongoing compliance.
Develop internal policies and procedures to adhere to both Singaporean regulations and global AML standards.
Support communication and reporting with local regulators (e.g., Monetary Authority of Singapore), local and Group Management and Group Compliance and respond to inquiries or audits as required.
Risk Management & Mitigation
Support the regular risk assessments that are conducted and assist to identify emerging risks to ensure the company’s AML framework remains robust and effective.
Ensure all high-risk clients and transactions are thoroughly reviewed, and appropriate action is taken, including reporting to regulators if necessary.
Collaborate with other risk and compliance teams to ensure holistic risk management across the business.
System Optimization & Process Improvement
Analyze the performance of the AML transaction monitoring system and suggest enhancements to improve detection, efficiency, and accuracy.
Work with internal stakeholders to optimize AML systems and support the rollout of new tools, technologies, and methodologies to address evolving financial crime risks and drive operational efficiencies.
Ensure the continuous improvement of AML workflows and driving operational efficiencies.
Requirements
Education
Bachelor’s degree in Finance, Business, or a related field.
AML or compliance certifications (e.g., CAMS, ICA Diploma in AML)
Experience
Minimum 8-10 years of experience in AML, including 2-3 years in a management or supervisory role and 2-3 years in the insurance industry
In-depth knowledge of AML regulations in Singapore, including the Monetary Authority of Singapore (MAS) regulations and the Singaporean Financial Action Task Force (FATF) guidelines.
Strong experience with AML transaction monitoring systems, case management, and investigative tools.
Skills
Strong leadership and team management skills with a focus on mentoring and development.
Excellent analytical, investigative, and problem-solving skills.
High level of proficiency with AML software (e.g., Actimize, SAS, etc.), Microsoft Office Suite, and data analysis tools.
Excellent communication skills, both written and verbal, with the ability to explain complex issues to senior management and external stakeholders.
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