Pbwm Business Risk and Control

**Responsibilities**:

- Contributes to the development, maintenance and implementation of enterprise wide standards and strategies to strengthen and enhance the Bank’s Global AML Monitoring program.
- Provides guidance to AML officers and their business partners globally in all matters affecting the program and works closely with AML Operations and Technology to ensure the most effective use of tools and resources in the Monitoring process.
- Drives various global projects to advance the Monitoring Risk Management Program and is a key contributor to many other strategic AML initiatives.
- Manages framework for identifying and assessing AML regulations and the AML risks for each line of business to determine appropriate risk coverage.
- Identifies and analyzes AML risks, emerging risks, and regulations specific to transaction monitoring
- Establishes framework to assess the AML regulations and risks to identify typologies and required monitoring controls
- Leads Strategic Program Implementations for the Global Monitoring Risk Mangement & Policy team
- Has the ability to operate with a limited level of direct supervision.
- Can exercise independence of judgement and autonomy.
- Acts as SME to senior stakeholders and /or other team members.

**Qualifications**:

- 6-10 years AML experience in financial services with a demonstrated understanding of AML relevant business domains.
- experience in AML Transaction Monitoring and/or AML Risk Assessment and the development and compilation of policies and procedures
- management experience
- Balanced blend of analytical skills, problem solving, and reporting and communication skills
- Ability to assess business transactions and products in terms of the associated AML risks
- Advanced organizational skills including attention to detail, multi-tasking and following up
- Experience using databases and other tracking tools to enforce global consistency
- Excellent writing and presentation skills
- Experience working collaboratively across various areas of the organization and presenting to senior management
- Required Licensing/Registration: Series 7, Series 24,

**Education**:

- Bachelor’s/University degree or equivalent experience, potentially Masters degree

**Job Summary**

The role contributes to the development, maintenance and implementation of enterprise wide standards and strategies to strengthen and enhance the Bank’s Global AML program & Sanctions screening activities and projects across CSL Singapore in compliance with Global, regional and local AML and Sanctions policies and regulations. Responsible for advising the business on operational implementation of new/changes to the above and regulatory requirements, and in ensuring such process control changes are executed in compliance with the requirements. Providing the business on update on the control performance on QAP and MCA and escalating any control issues with recommendation of resolution to effectively address any gaps identified.
- Lead and implement various program initiatives, audits and projects on AML & Sanctions across Retail Bank, Cards, Operations and all units at GCB and coordinating within CSL overall to ensure in line with OCC's, FRB’s, Global/Regional and MAS requirements.
- Ensure the consumer business is ready for audit reviews by performing health checks and coordinate for audit deliverables and responses to queries for Internal audits, Compliance testing, Regional and Global audit reviews and annual KPMG external audit.
- Manage policy and process compliance for Individuals across Retail & Cards and in payments and transactions across all operations units. Manage data quality clean ups through digital monitoring tools and process control design.
- Manage essential quality assurance activities such as MCA testing, Regional standard monitoring tool adoption review, Regulatory inventory mapping to GRC, Corrective Action Plans and issue management.
- Leading & driving compliance in policy requirement on activities across the bank including CBSU, Retail Bank, Cards, and Operations.
- Escalate issues promptly when identified and propose control action plan to appropriate management levels and resolve in a timely fashion.
- Own data quality, while adhering to data governance standards and established data domains.

**Requirements**:

- Minimum ten years in the Financial Services industry and minimum three years in Control Management-related role
- Experienced in AML & Sanctions requirements and screening process for onboarding Retail Bank clients and Card customers and the respective risk and controls.
- Familiar with bank process for account opening and account maintenance.
- At least 4 years in handling AML and Sanctions audit reviews.
- Familiar with local MAS 626 and Sanctions regulations
- Strong communication skills dealing with senior management and business stakeholders management.
- Project management skills and exposure to system development projects.
- Team player who can g