Assistant Vice President - AML/CFT Compliance

Great Eastern Sun; Singapore; On-site; SGD 180,000 - 300,000; Full time

Job summary

Great Eastern is seeking a senior leader to head the Group AML Governance Function in Singapore. The role focuses on MAS 314 compliance, alignment with OCBC standards, and providing AML guidance to business units across the group.

The candidate will oversee AML activities across entities, conduct enterprise-wide risk assessments, and drive improvements in KR/ transactional surveillance processes. Strong leadership and regulator familiarity are essential.

Qualifications

• 10–15 years AML policy development experience.
• Translate MAS requirements into operational processes.
• Familiarity with regulator expectations and AI is a plus.

Responsibilities

• Lead efforts to ensure MAS 314 compliance and MAS regulatory requirements.
• Align GE AML Policies with OCBC equivalents where applicable.
• Provide AML advice to business units within the group.
• Conduct AML Compliance Assurance for business units' activities.
• Review GE AML Policies and Standards, manuals and procedures regularly.
• Oversee AML activities performed by Group entities.
• Conduct enterprise-wide AML risk assessment and enhance EWRA framework.
• Quality assurance for Know-Your-Client and Transaction Surveillance processes.

Skills

AML governance

Regulatory knowledge

Leadership

AML systems

Data platforms

People management

AI familiarity

Job description

Lead the Group AML Governance Function, and perform the following responsibilities, among others:

• Lead efforts to ensure compliance with MAS 314 and associated MAS regulatory requirements, expectations and guidance
• Align GE AML Policies, Standards and Procedures with OCBC equivalents, where applicable
• Provide AML advice to business units
• Conduct AML Compliance Assurance to provide assurance that AML-related activities performed by business units are in compliance with MAS regulatory requirements and GE’s AML Policies and Standards
• Conduct regular review of GE’s AML Policies and Standards, manuals and procedures
• Exercise oversight of AML activities performed by Group entities
• Conduct enterprise-wide AML risk assessment and deliver enhanced EWRA framework
• Conduct quality assurance and quality control in respect of GE’s Know-Your-Client and Transaction Surveillance activities
• Have at least 10-15 years' experience in AML policy development, as well as deep familiarity with MAS regulatory requirements and expectations.
• The candidate must be able to translate MAS requirements into practical operational processes and controls, enhance or streamline existing processes and workflows where required, assess control effectiveness, as well as translate data into an assessment of AML risk.
• People management skills, initiative and drive are a must. Ideally, the candidate should have the ability to navigate large organizations and possess a technical understanding of AML systems as well as data platforms.
• Past experience with the regulator and familiarity with AI will be favourably considered.

How You Succeed

• Champion and embody our Core Values in everyday tasks and interactions.
• Demonstrate high level of integrity and accountability.
• Take initiative to drive improvements and embrace change.
• Take accountability of business and regulatory compliance risks, implementing measures to mitigate them effectively.
• Keep abreast with industry trends, regulatory compliance, and emerging threats and technologies to understand and highlight potential concerns/ risks to safeguard our company proactively.

Who We Are

Founded in 1908, Great Eastern is a well-established market leader and trusted brand in Singapore and Malaysia. With over S$100 billion in assets and more than 16 million policyholders, including 12.5 million from government schemes, it provides insurance solutions to customers through three successful distribution channels - a tied agency force, bancassurance, and financial advisory firm Great Eastern Financial Advisers. The Group also operates in Indonesia and Brunei. The Great Eastern Life Assurance Company Limited and Great Eastern General Insurance Limited have been assigned the financial strength and counterparty credit ratings of "AA-" by S&P Global Ratings since 2010, one of the highest among Asian life insurance companies. Great Eastern's asset management subsidiary, Lion Global Investors Limited, is one of the leading asset management companies in Southeast Asia. Great Eastern is a subsidiary of OCBC, the longest established Singapore bank, formed in 1932. It is the second largest financial services group in Southeast Asia by assets and one of the world’s most highly-rated banks, with an Aa1 rating from Moody’s and AA- by both Fitch and S&P. Recognised for its financial strength and stability, OCBC is consistently ranked among the World’s Top 50 Safest Banks by Global Finance and has been named Best Managed Bank in Singapore by The Asian Banker.

Work Locations

SG-GE Centre

Job

Risk Management