AVP, Financial Crime Compliance

NETS; Singapore; On-site; SGD 80,000 - 110,000; Full time

Job summary

A leading payments services group in Singapore is seeking a Financial Crime Compliance Manager to assist in fraud investigations and manage risks related to money laundering and terrorism financing. The ideal candidate should have at least 5 years of relevant experience, strong analytical abilities, and hold a relevant degree along with ACAMS certification. The role involves collaborating with various teams and government agencies to ensure compliance and enhance fraud monitoring procedures. This opportunity offers a dynamic working environment with significant responsibilities.

Qualifications

• Minimum 5 years of relevant working experience in financial crime/fraud surveillance/AML.
• Experience in financial institutions, law enforcement, analysis, or regulatory environment is preferred.
• Proven ability to engage and collaborate with senior stakeholders.

Responsibilities

• Develop and implement enterprise-wide AML/CFT and Anti-Fraud Surveillance programs.
• Work with stakeholders to identify and manage fraud risks.
• Conduct investigations into suspicious activities and trends.

Skills

Analytical skills

Problem-solving skills

Stakeholder management

Team collaboration

Education

Relevant degree in accounting, finance, financial analysis, economics, or business

Certified Money Laundering Specialists (ACAMS) certification or Diploma in AML

Job description

The NETS Group is a leading payments services group, enabling digital payments for merchants, consumers and banks across the entire payments value chain.

The Group operates Singapore’s national debit scheme enabling customers of DBS Bank/POSB, HSBC, Maybank, OCBC Bank, Standard Chartered Bank and UOB to make payments using their ATM cards or mobile devices at more than 130,000 acceptance points in the country as well as online payments.

Position Summary

In this role, you will assist the Vice President Financial Crime Compliance in dealing with fraud investigation as well as managing the risks of money laundering, terrorism financing and sanction.

Key Responsibilities

• Responsible to develop and implement an enterprise-wide Anti-Money Laundering and Terrorism Financing (“AML/CFT”), Sanctions and Anti-Fraud Surveillance programs;
• Work collaboratively with the internal stakeholders to identify and manage money laundering, terrorism financing, sanction and fraud risks;
• Provide advisory to Business Units and Operations for customer due diligence and new product assessment from ML/TF, Sanctions and Fraud risk perspectives;
• Review and assess the alerts generated by the name screening and transaction monitoring systems, as well as to contribute to the ongoing fine-tuning of thresholds and parameters within the monitoring systems;
• Perform ongoing trend analysis and monitoring on higher risk customers;
• Conduct investigation into suspicious activities/trend and incidents of fraud as well as to lodging STR with the local authority;
• Provide relevant advisories to business/support units on matters arising from ML/TF and fraud related reviews and investigations conducted;
• Liaise with government/law enforcement agencies on scam & fraud related intelligence or information sharing;
• Ensure proper documentation and record keeping of reviews and investigation cases in accordance to Group standards;
• Provide inputs and support to strengthen the AML/CFT and fraud transaction monitoring and procedures;
• Manage monthly compliance reporting to Senior Management and Board; and
• Drive adhoc compliance projects assigned, including engagement of business stakeholders for successful implementation.

Requirements

• A relevant degree in related discipline accounting, finance, financial analysis, economics and business;
• Possess a Certified Money Laundering Specialists (“ACAMS”) certification or a Diploma AML with the International Compliance Association;
• Minimum 5 years of relevant working experience in financial crime/fraud surveillance/AML;
• Experience in financial institutions, law enforcement, intelligence/analysis, or regulatory environment is preferred;
• Must be well-organized, have the ability to work under tight deadlines, make decisions, work well as part of a team and independently;
• Proven ability to engage, collaborate, influence and negotiate with key senior stakeholders.
• Possess strong analytical skills, paying careful and particular attention to detail.
• Excellent problem-solving skills, ability to prioritise and manage multiple tasks assigned.
• Strong team player with track record of working well in a collaborative environment with strong stakeholder management and communication skills.
• Strong in documentation and report writing skills.
• Self-driven with the ability to work independently

Network for Electronic Transfers (Singapore) Pte Ltd.