AVP, Compliance

ADDX; Singapore; On-site; SGD 180,000 - 280,000; Full time

Job summary

ADDX Pte. Ltd. in Singapore seeks an experienced AML/CFT professional to own the AML/CFT programme and MLRO function, acting as the single reference point for suspicious activity and regulatory reporting.

You will maintain policies, lead enterprise risk assessments, and coordinate with MAS, law enforcement and partner institutions, ensuring timely reporting and governance.

Qualifications

• Bachelor's degree (preferred: law, banking, finance or business).
• Four to eight years' AML/CFT experience within a MAS-regulated financial institution.

Responsibilities

• Own the AML/CFT programme and MLRO function, incluyendo report suspicious activity.
• Lead regulatory reporting and liaise with MAS, law enforcement and partner institutions.
• Design, monitor and improve AML/CFT controls, policies and testing programs.

Skills

Independent judgement

Escalation

Stakeholder engagement

Communication

Education

Bachelor's degree (preferred: law, banking, finance or business)

Tools

ACAMS

ICAD/CGSS certification

Job description

RoleOverview

ADDXisseekinganexperiencedAML/CFTprofessionaltoowntheanti-moneylaunderingandcounter-financingofterrorismprogrammeofADDXPte.Ltd.andtoserveasitsMLRO.

ADDXisregulatedbytheMonetaryAuthorityofSingaporeasaRecognisedMarketOperatorandaholderofaCapitalMarketsServiceslicence.TheAML/CFTframeworkisthereforegovernedbyMASNoticeSFA02-N05andMASNoticeSFA04-N02,togetherwiththecorrespondingMASGuidelines.

TherolereportstotheHead,GroupLegal&Compliance.Itcarriestwomandates.ThefirstisownershipoftheAML/CFTprogrammeandtheMLROfunction.ThesecondisdeliveryofthecompliancemonitoringandtestingprogrammeofADDXPte.Ltd.outsideAML/CFT,buildingasecondareaofdepthwithinthecomplianceteam.

Thesuccessfulcandidatemustbeabletoexerciseindependentjudgement,escalatewithoutprompting,andengageMAS,lawenforcementandpartnerfinancialinstitutionsdirectly.

Responsibilities:

1.AML/CFTprogrammeownershipandMLROfunction

• ActasMLROforADDXPte.Ltd.andserveasthesinglereferencepointtowhomemployees,officersandrepresentativesmustrefersuspiciousactivity.
• OwntheAML/CFTpolicies,proceduresandcontrols,andmaintainthemagainstMASNoticeSFA02-N05,MASNoticeSFA04-N02andthecorrespondingMASGuidelines.
• Conductandmaintaintheenterprise-wideriskassessmentformoneylaundering,terrorismfinancingandproliferationfinancingrisks.
• ReportonAML/CFTrisk,controlperformanceandmaterialescalationstotheHead,GroupLegal&Complianceand,whererequired,toseniormanagementandtheBoard.
• MaintaindirectescalationaccesstoseniormanagementandtheBoardonAML/CFTmatters.

2.Customerrisk,duediligenceandtransactionmonitoring

• Actastheescalationpointforcustomerriskdecisions,includingapprovalofhigher-riskonboardingandperiodicreviewoutcomes.
• Reviewenhancedduediligencefilesforpoliticallyexposedpersons,higher-riskjurisdictionsandcomplexownershipstructures.
• Approvetransactionmonitoringescalationsandownscenariodesign,thresholdcalibrationandpost-implementationtuning.
• Assessadversenews,sanctionsandname-screeningmatches,anddeterminethedispositionoftrueandfalsepositives.
• Settherisk-basedfrequencyofperiodicreviewsandmonitorcompletionagainstit.

3.Suspicioustransactionreportingandlawenforcementliaison

• DeterminewhetherareportisrequiredandfilesuspicioustransactionreportswiththeSuspiciousTransactionReportingOfficeoftheCommercialAffairsDepartment,withinthetimelinesprescribedundertheCorruption,DrugTraffickingandOtherSeriousCrimes(ConfiscationofBenefits)Act1992.
• FileterrorismfinancingreportswheretheTerrorism(SuppressionofFinancing)Act2002requiresthem,andnotifyMASwheretheapplicableAML/CFTnoticerequiresnotification.
• Maintaintheinternalreferral,assessmentanddecisionrecordforeveryescalation,includingdecisionsnottoreport.
• Managerequestsforinformationfromlawenforcementagencies,MASandpartnerfinancialinstitutions,andcontrolthetipping-offriskarisingfromthoserequests.
• Administeraccountrestrictions,holdsandexitsarisingfromAML/CFTdecisions.

4.Compliancemonitoringandtestingprogramme

Thisistheexpandedelementoftherole.TheholderownstheannualcompliancemonitoringandtestingplanforADDXPte.Ltd.

• Designandmaintaintheannualrisk-basedcompliancemonitoringandtestingplan,andobtainapprovalforitfromtheHead,GroupLegal&Compliance.
• Executetestingacrossmarketconduct,licensingandtheRepresentativeNotificationFramework,outsourcing,conflicts,personalaccountdealing,marketinganddisclosure,andtechnologyrisktouchpoints.
• Reportfindingswitharating,anowner,aremediationactionandaduedate,andtrackremediationtoclosure.
• Preparetheperiodiccompliancereportforseniormanagement,internalauditandMASinspections.
• TestingoftheAML/CFTprocessesownedbythisrolemustbeperformedbyanotherofficerinGroupLegal&Complianceorbyinternalaudit.Theholdermustnottestcontrolsthattheholderoperates.

5.Regulatorychange,licensingandregulatoryadministration

• MonitordevelopmentsundertheSecuritiesandFuturesAct2001,theFinancialAdvisersAct2001,thePaymentServicesAct2019andapplicableMASnoticesandguidelines.
• Conductgapassessmentsagainstinternalpoliciesanddrivetheresultingchangestoclosure.
• Supportlicensingapplications,variationsandrenewals,includingdraftingsubmissionsandcoordinatinginternalcontributions.
• AdministertheRepresentativeNotificationFramework,includingappointments,cessationsandchangesofparticulars,withintheprescribedtimelines.
• MaintaintheregulatoryobligationsregisterandtheAML/CFTtaxonomy.

6.Regulatoryengagement,auditandinspection

• ActasafirstpointofcontactforMASonAML/CFTmatters,underthedirectionoftheHead,GroupLegal&Compliance.
• ManageMASinspectionsandthematicreviewsonAML/CFTandcompliancemonitoring,includingdocumentproductionandfollow-upcommitments.
• CoordinateinternalauditandexternalreviewerengagementscoveringAML/CFT,andcloseoutfindings.

7.Policy,trainingandprojects

• DeliverAML/CFTandregulatorycompliancetrainingtostaff,theBoardand,whererelevant,distributionpartners,andmaintaintrainingrecords.
• Contributecompliancerequirementstosystemimplementations,automationandprocessimprovementprojects,includingscreeningandtransactionmonitoringtooling.
• ProvideAML/CFTinputonnewproducts,newdistributionchannelsandnewmarketsbeforelaunch.

Requirements

• Bachelor'sdegree.Adegreeinlaw,banking,financeorbusinessispreferred.
• Fourtoeightyears'experienceinAML/CFTwithinaMAS-regulatedfinancialinstitution.Capitalmarkets,securities,exchangeorfintechexperienceispreferred.
• DemonstratedexperienceasanMLRO,deputyMLROortheseniorAMLofficerofaregulatedentity,includingresponsibilityforsuspicioustransactionreportingdecisions.
• WorkingknowledgeofMASNoticeSFA02-N05,MASNoticeSFA04-N02,theCorruption,DrugTraffickingandOtherSeriousCrimes(ConfiscationofBenefits)Act1992andtheTerrorism(SuppressionofFinancing)Act2002.
• Experienceindesigningorexecutingacompliancemonitoringandtestingprogramme.
• AbilitytomeettheMASGuidelinesonFitandProperCriteria.
• ACAMS,ICADiplomaorCGSScertificationisadvantageous.
• StrongwrittenEnglish.ReportsmustbecapableofgoingtoMASandtotheBoardwithoutrework.
• Soundjudgementundertimepressure,andtheconfidencetoholdapositionwiththebusiness.