Head, AML

Join to apply for the Head, AML & Financial Crimes (PFA) role at Prudential Assurance Company Singapore 1 day ago Be among the first 25 applicants Join to apply for the Head, AML & Financial Crimes (PFA) role at Prudential Assurance Company Singapore Prudential’s purpose is to be partners for every life and protectors for every future. Our purpose encourages everything we do by creating a culture in which diversity is celebrated and inclusion assured, for our people, customers, and partners. We provide a platform for our people to do their best work and make an impact to the business, and we support our people’s career ambitions. We pledge to make Prudential a place where you can Connect, Grow, and Succeed.Job SummaryIn this role, you will be the designated Money Laundering Reporting Officer (MLRO) and will support the Company in meeting its regulatory and regional obligations on Anti-Money Laundering/Sanctions (AML) and Anti-Bribery & Corruption (ABC). You will also contribute to build a framework that commensurate with the business model of the Company. Given the increasing regulatory expectations, you will focus on supporting the MLRO in strengthening the AML & ABC frameworks and building the competency of the team.Job DescriptionEstablish, with regular review, the AML and ABC framework, taking into consideration regulatory requirements, Group standards and operating environment, including the different types of risks such as customer, product and geographical location Provide leadership, direction and day-to-day guidance. Assist the Head of Governance Transformation and Acting Head of Risk and Compliance in collaborating and presenting complex information, recommendations and risk mitigants in the area of AML and ABC with senior stakeholders in the organisation Promoting a heathy and strong AML and ABC awareness and culture within the organization Work with Head of Governance Transformationand Acting Head of Risk and Complianceto perform annual review of the enterprise-wide AML & ABC risk assessments Perform quarterly quality assurance review on screening and transaction monitoring alerts closed by AML Ops and FCC Oversee the preparation of quarterly MI reporting for AML and ABC for risk committee meeting Oversee annual high-risk customer review Actively identify and manage key AML & ABC controls: screening, enhanced due diligence, transaction monitoring, gifts and hospitality controls Support in reporting and presenting findings, as required, to local management, Group office and Board Audit Committee Ensure adherence to and provide advice and guidance to senior management, business units on new products, processes and/or initiatives to identify financial crime risks and recommend proposed risk mitigants Manage regulatory contact with MAS and enforcement agencies on AML matters. Report suspicious activity to the authorities and act as cover to Head of Governance Transformationand Acting Head of Risk and Compliance for any incoming queries regarding suspicious activity Oversight and delivery of AML & ABC training to the Board of directors, staff and agency force Partner with relevant business functions on all AML matters, including documentation requirements for higher-risk customers Designated approver, as delegated by the Board, for onboarding higher-risk customers Who We Are Looking For10 years of experience in an AML related role, preferably having dealt with AML requirements for high net worth / private banking customers. Analytical and attentive to details Excellent understanding of AML requirements Degree/diploma in any discipline AML certifications preferred (e.g. ACAMS, ICA) Prudential is an equal opportunity employer. We provide equality of opportunity of benefits for all who apply and who perform work for our organisation irrespective of sex, race, age, ethnic origin, educational, social and cultural background, marital status, pregnancy and maternity, religion or belief, disability or part-time / fixed-term work, or any other status protected by applicable law. We encourage the same standards from our recruitment and third-party suppliers taking into account the context of grade, job and location. We also allow for reasonable adjustments to support people with individual physical or mental health requirements. Seniority level Seniority level Executive Employment type Employment type Full-time Job function Job function Finance and Sales Referrals increase your chances of interviewing at Prudential Assurance Company Singapore by 2x Sign in to set job alerts for “Head of Finance” roles. 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