Associate Director, Financial Crime Transformation

KPMG Services Pte Ltd; Singapore; On-site; SGD 100,000 - 125,000; Full time

Job summary

A leading consulting firm in Singapore is seeking an experienced professional to develop and implement an AML/CFT Target Operating Model. The ideal candidate will have at least 8 years of expertise in AML, compliance, and risk management, with a focus on leadership. Responsibilities include streamlining processes, ensuring regulatory compliance, and leading stakeholder discussions. A bachelor's degree in a relevant field and professional certifications such as CAMS or CFE are preferred.

Qualifications

• Minimum 8 years of experience in AML, compliance, or risk management.
• At least 4 years in a leadership role managing financial crime compliance.
• Understanding of end-to-end AML/CFT risk management processes.

Responsibilities

• Develop AML/CFT Target Operating Model aligned with regulations.
• Identify and mitigate AML/CFT risks across the organization.
• Ensure compliance with laws and industry standards.
• Streamline AML/CFT processes for efficiency.
• Lead discussions with senior stakeholders.
• Manage change efforts for the Target Operating Model.
• Track KPIs to measure effectiveness.
• Develop training programs related to the AML Target Operating Model.

Skills

AML regulations

Risk management

Leadership skills

Strategic thinking

Communication skills

Education

Bachelor's degree in law, finance, or business

Relevant professional certifications (CAMS or CFE)

Job description

The role involves providing consulting services to our clients on the following:

• Design and implement AML/CFT Target Operating Model: Develop and implement a comprehensive AML/CFT Target Operating Model that aligns with regulatory requirements, industry best practices, and business needs.
• Risk management: Identify, assess, and mitigate AML/CFT risks across the organisation, ensuring that the Target Operating Model is risk-focused and effective.
• Regulatory compliance: Ensure that the AML/CFT Target Operating Model is compliant with relevant laws, regulations, and industry standards, including those related to customer due diligence, suspicious activity reporting, and sanctions.
• Operational efficiency: Streamline AML/CFT processes and procedures to improve efficiency, reduce costs, and enhance the client experience.
• Stakeholder management: Collaborate and independently lead discussions with senior stakeholders across the organisation, including business leaders, risk managers, and compliance professionals, to ensure that the AML/CFT Target Operating Model is aligned with business objectives and risk appetite.
• Change management: Lead change management efforts to ensure that the AML Target Operating Model is successfully implemented and embedded across the organisation.
• Metrics and monitoring: Develop and track key performance indicators (KPIs) to measure the effectiveness of the AML Target Operating Model and identify areas for improvement.
• Training and development: Develop and deliver training programs to ensure that employees understand their roles and responsibilities in relation to the AML Target Operating Model.

The candidate should possess:

• Minimum 8 years of experience in AML, compliance, or risk management, with at least 4 years in a leadership role. Experienced in running target operating model programmes for financial crime compliance.
• Deep understanding of AML regulations, end-to-end AML/CFT risk management (customer due diligence, transaction monitoring, name screening and/or transaction filtering), and operational excellence.
• Strong leadership, strategic thinking, problem-solving, and communication skills. Outgoing personality with the ability to lead proposal pursuits and build relationship network in the banking sector.
• Bachelor's degree in a relevant field, such as law, finance, or business. Relevant professional certifications, such as CAMS or CFE, will have an advantage.