AML Risk & Compliance Consultant

Almr Business Consulting Group; Singapore; On-site; SGD 90,000 - 140,000; Full time

Job summary

Almr Business Consulting Group is seeking an experienced AML Specialist to assess anti-money laundering and compliance practices of regulated financial institutions and high-risk businesses. The role involves conducting onsite assessments, evaluating client risk exposure, and reviewing the effectiveness of AML controls against regulatory standards.

You will coordinate with relationship managers, prepare reports, and present findings to senior management.

Qualifications

• At least 4 years of onsite AML reviews or audits for regulated financial institutions and high-risk businesses.
• Strong knowledge of AML regulations, compliance frameworks and financial crime risks.
• Experience assessing payment flows and correspondent banking arrangements.

Responsibilities

• Assess clients’ AML policies, procedures and compliance frameworks to identify control gaps and areas for improvement.
• Coordinate with relationship managers and internal stakeholders to prepare for and conduct onsite client reviews.
• Apply knowledge of relevant AML regulations across different jurisdictions to evaluate client compliance and risk exposure.
• Work with Transaction Monitoring teams to assess payment flows, understand fund movements and identify potential financial crime risks.
• Evaluate correspondent banking arrangements, payment solutions and associated risk mitigation measures.
• Prepare comprehensive onsite assessment reports, documenting findings and recommendations within agreed timelines.
• Communicate assessment outcomes and present key findings to senior management and onboarding committees.
• Provide constructive feedback to clients on identified gaps and recommended improvements, where applicable.

Skills

Analytical thinking

Stakeholder management

Attention to detail

Tools

Microsoft Excel

PowerPoint

Job description

Role Overview

We are looking for an experienced AML Specialist to assess the anti-money laundering and compliance practices of regulated financial institutions and high-risk businesses. The role involves conducting onsite assessments, evaluating client risk exposure, and reviewing the effectiveness of AML controls against applicable regulatory standards and internal risk requirements.

Key Responsibilities

• Assess clients’ AML policies, procedures and compliance frameworks to identify control gaps and areas for improvement.
• Coordinate with relationship managers and internal stakeholders to prepare for and conduct onsite client reviews.
• Apply knowledge of relevant AML regulations across different jurisdictions to evaluate client compliance and risk exposure.
• Work with Transaction Monitoring teams to assess payment flows, understand fund movements and identify potential financial crime risks.
• Evaluate correspondent banking arrangements, payment solutions and associated risk mitigation measures.
• Prepare comprehensive onsite assessment reports, documenting findings and recommendations within agreed timelines.
• Communicate assessment outcomes and present key findings to senior management and onboarding committees.
• Provide constructive feedback to clients on identified gaps and recommended improvements, where applicable.

Requirements

• At least 4 years of relevant experience conducting onsite AML reviews or AML audits involving regulated financial institutions and high-risk businesses.
• Strong knowledge of AML regulations, compliance frameworks, financial crime risks and control requirements.
• Experience assessing payment flows, correspondent banking arrangements and associated risk mitigation measures.
• Ability to critically evaluate AML policies and procedures, identify weaknesses, and develop practical recommendations.
• Strong analytical, problem-solving and critical-thinking skills.
• Advanced proficiency in Microsoft Excel and PowerPoint.
• Excellent communication and stakeholder management skills, with the ability to engage effectively with clients and senior stakeholders.
• A proactive, organised and adaptable approach, with the ability to work independently and collaboratively in a fast-paced environment.