Risk & Compliance Rep (AML & Fraud)

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.