Assistant Director (Policy & Industry Development), ACD

Ministry of Law; Singapore; On-site; SGD 80,000 - 100,000; Full time

Job summary

A governmental body in Singapore is seeking candidates for a role in the Anti-Money Laundering / Countering the Financing of Terrorism Division. The successful candidate will conduct policy reviews, support engagement with stakeholders, and analyze data. If you are a proactive team player interested in compliance and policy formulation, this role offers an opportunity to contribute to a crucial regulatory framework in Singapore.

Qualifications

• Highly motivated and proactive with ownership of work.
• Ability to respond flexibly to changing situations.
• Prior experience in AML/CFT/CPF or FATF work is advantageous.

Responsibilities

• Conduct policy reviews and formulate AML/CFT/CPF legislation.
• Perform AML/CFT/CPF guidance to the Law Society of Singapore.
• Conduct surveillance and data analysis for the sectors.

Skills

Interest in AML/CFT/CPF

Strong analytical skills

Good interpersonal and communication skills

Ability to work independently

Education

Legal qualifications

Job description

What the role is:

The Anti‑Money Laundering / Countering the Financing of Terrorism Division (ACD) is responsible for the implementation of the anti‑money laundering / countering the financing of terrorism / countering proliferation financing (AML/CFT/CPF) regulatory regime for sectors regulated by the Ministry of Law (MinLaw), namely the precious stones and precious metals dealers (PSMDs), law practice entities, pawnbrokers and moneylenders.

You will be part of a dynamic team supervising PSMDs, law practice entities, pawnbrokers and moneylenders for AML/CFT/CPF compliance and handling Financial Action Task Force’s mutual evaluation (FATF ME) related matters.

What you will be working on:

• Conduct policy reviews and formulate and implement AML/CFT/CPF legislation, policy and guidance which are in line with international standards
• Perform AML/CFT/CPF policy guidance role to the Law Society of Singapore (“LawSoc”), a self‑regulating body (“SRB”) statutorily designated
• Support ACD’s inter‑agency and external meetings on AML/CFT/CPF matters related to the four sectors
• Network and build relations at working level within MinLaw and with other agencies and AML/CFT/CPF regulators from other jurisdictions to support engagement outcomes
• Conduct AML/CFT/CPF surveillance, data analysis and research for the 4 sectors
• Lead, plan and organise events or activities that increase AML/CFT/CPF capabilities for the 4 sectors
• Develop AML/CFT/CPF materials to increase ML/TF/PF risk awareness and understanding of AML/CFT/CPF requirements for the 4 sectors
• Be responsible for cybersecurity and data protection matters of the PSMD sector

What we are looking for:

We welcome candidates with positive and open attitudes, who want to and grow with ACD to be a progressive, firm and effective AML/CFT/CPF supervisor. We are looking for team players with:

• Interest in AML/CFT/CPF
• Strong analytical skills and an eye for details
• Highly motivated and proactive, takes ownership of the work given and can respond flexibly to rapidly changing situations or requirements
• Good interpersonal and communication skills with ability to connect with regulated entities and other stakeholders
• Ability to work independently and within a team environment to meet deadlines
• Prior experience in policy review and formulation, AML/CFT/CPF or FATF work, or legal qualifications would be an advantage

Key required competencies:

• [International Engagement]: Formulate and present agency’s position at international platforms to further Singapore’s interest
• [Research and Analysis]: Distill and analyse large amounts of information to identify patterns, trends and outliers in order to better support evidence‑based decisions.
• [Design for Implementation and Communication]: Develop policy that factors in strategic communications considerations upfront and has a grounded perspective of implementation considerations.
• [Industry Engagement]: Develop and implement stakeholder engagement strategies to enhance their participation in ways that complement agency’s objectives and add value to agency’s services

Successful candidates will be appointed on a 1‑year contract, subject to annual renewal.

About Ministry of Law:

In Singapore, having the rule of law and advancing people’s access to justice are not just lofty ideals but the backbone of a functioning and a progressive society. At the Ministry of Law, not only do we contribute to developing the legal frameworks and policies that uphold our way of life, but also to providing community legal services that Singaporeans benefit from. The key policies we oversee include Singapore’s legal and intellectual property infrastructure, the civil and criminal justice systems as well as land resources. Our officers are experts from different fields, and enjoy an excellent and challenging career in a fast‑paced environment with plenty of opportunity to grow. If you share our vision of shaping the future of Singapore, you will definitely fit right in here at MinLaw.