Anti-Money Laundering Team Lead

Sing Investments & Finance Limited; Singapore; On-site; SGD 60,000 - 90,000; Full time

Job summary

A leading finance company in Singapore is looking for an AML Team Lead to support client on-boarding and ensure compliance with AML regulations. This role involves leading a team, managing AML processes, and staying updated on regulatory changes. Ideal candidates will have proven leadership experience in compliance within the financial sector, coupled with strong analytical and interpersonal skills.

Qualifications

• 2 to 5 years' experience in a compliance role preferred in a financial institution.
• Hands-on experience with AML and CFT compliance.
• Ability to manage multiple demands effectively.

Responsibilities

• Lead, mentor, and manage the AML team.
• Oversee daily AML reviews and escalate issues.
• Prepare month-end reports for senior management.

Skills

Leadership

Analytical skills

Interpersonal skills

Problem solving

Education

Tertiary education

Job description

AML Team Lead

About The Company

Sing Investments & Finance Limited (SingFinance) has 60 years of lending experience in the financing arena in Singapore. Our core activities include the acceptance of fixed and saving deposits from the public as well as the provision of loans and credit facilities to individuals and corporations, particularly the Small and Medium Enterprises (SMEs) in Singapore. The relationships that have been built over the years have earned us the reputation as one of Singapore’s trusted finance companies. We are seeking dynamic individuals to grow with us and to continue building relationships with our valued customers.

We are looking for an experienced AML Team Lead to join the AML team to support the company’s client on-boarding and ongoing monitoring activities and to ensure alignment with the company’s standards, policies and procedures and regulatory requirements.

Key Responsibilities:

• Lead, mentor, and manage the AML team, ensuring high performance, motivation, and professional development of team members.
• Oversee the implementation and maintenance of AML processes and procedure manual.
• Manage daily AML reviews and escalations, ensuring comprehensive analysis and decision-making.
• Collaborate with other departments to gather customer’s information to complete required AML reviews.
• Stay updated on changing AML regulations, industry trends, and best practices, and ensure the team is trained on relevant updates.
• Prepare and submit month-end reports to senior management as needed.
• Support the execution of internal AML audits and ensure corrective actions are implemented.

Requirements:

• Tertiary education with at least 2 to 5 years’ experience in a compliance role, preferably in a financial institution.
• Proven experience in leading and managing an AML or compliance team.
• Hands-on working familiarity with AML and CFT related matters especially with the implementation and operationalization of regulations, rules, policies and processes related to AML/CFT.
• A team player with demonstrated ability to manage multiple demands and priorities.
• Articulate and assertive with good interpersonal, analytical and writing skills.
• Good judgement, problem solving skills and be results/task oriented to ensure sound implementation of controls, compliance processes and procedures.
• High personal standards of integrity, ethics and commitment to fulfilling the objectives of the position.

Only shortlisted candidates will be notified.

Remuneration and corporate rank will commensurate with experience.