Associate Anti-Money Laundering Policy

Monetary Authority of Singapore; Singapore; On-site; SGD 60,000 - 80,000; Full time

Job summary

A central bank in Singapore is seeking a candidate for the Anti-Money Laundering (AML) Department. This role involves conducting research to aid in risk assessment development, collaborating on projects related to FATF evaluations, and managing data on AML measures. Ideal candidates must possess strong analytical, communication, and project management skills. This is a 2-year contract position requiring a proactive team player who can manage multiple priorities effectively.

Qualifications

• Ability to dissect policy issues and offer workable solutions.
• Proven track record in driving multiple projects independently.
• Strong interest in shaping outcomes and managing priorities.

Responsibilities

• Conduct research on best practices and key risk areas.
• Work on projects related to FATF recommendations.
• Assist in tracking follow-up actions from FATF evaluations.
• Compile and manage statistics for AML/CFT measures.
• Prepare review papers for FATF meetings.

Skills

Analytical capabilities

Verbal communication

Written communication

Data analytical skills

Team player

Interpersonal skills

Project management ability

Job description

What the role is:

The Anti-Money Laundering (AML) Department upholds Singapore’s reputation as a clean and trusted place to do business by strengthening the financial sector’s defences against money laundering, terrorism financing and proliferation financing. The AML Department develops sound regulations, conducts surveillance of dynamic risk developments, executes risk-based supervision in collaboration with MAS’ supervisory departments, and works closely with the public and private sectors to coordinate the broader national effort to combat such illicit finance.

What you will be working on:

• To conduct research such as literature review, cross jurisdictional comparisons on best practices, methodology, and various key risk areas e.g. sanctions, proliferation financing, to assist in the development of the various risk assessments
• To work on assigned projects and initiatives that relate to recommendations from Singapore’s 5th round FATF Mutual Evaluation
• To assist in coordination and tracking of priority follow-up actions across agencies arising from Singapore’s 5th round FATF Mutual Evaluation
• To help compile and manage statistics that MAS collates across agencies as Secretariat, and monitor implementation of AML/CFT measures at WoG level
• To help prepare the review of papers of the FATF relating meetings - the Policy Development group, the Asia‑pacific group, e.g. in compiling the documents for review issues for discussion and developing interventions, and coordination of responses to issues across agencies

What we are looking for:

• Excellent analytical capabilities, able to dissect policy issues and offer useful options and workable solutions
• Excellent verbal and written communication skills
• Strong data analytical skills
• Team player who is proactive and self‑motivated, with a keen interest in shaping outcomes
• At the same time, able to work independently, with a proven ability to drive multiple projects to produce quality outcomes in a timely manner
• Strong interpersonal skills and able to positively influence internal and external stakeholders
• You will be working in a fast‑paced environment that would require the ability to manage multiple priorities and needs of stakeholders, as well as the agility to respond to changes and developments

This is a 2-year contract position. As part of the shortlisting process for this role, you may be required to complete a medical declaration and/or undergo further assessment.

All applicants will be notified on whether they are shortlisted or not within 4 weeks of the closing date of this job posting.

About Monetary Authority of Singapore

MAS is the central bank of Singapore. Our mission is to promote sustained non‑inflationary economic growth, and a sound and progressive financial centre.