Compliance Analyst - AML

PERSOL TECH SERVICES PTE. LTD.; Singapore; On-site; SGD 90,000 - 150,000; Full time

Job summary

PERSOL TECH SERVICES PTE. LTD. is seeking a compliance professional to implement and enhance the Group AML/CFT policy, standards and controls, and to drive end-to-end changes across the Singapore and Group entities.

You will conduct risk assessments, perform compliance testing, advise business units, and prepare risk management reports, ensuring timely actions on ML/TF matters and sharing best practices across the Group.

Qualifications

• Degree in Finance/ Commerce/ Economics/ Banking/ Law/ Engineering from a recognized university or tertiary institution.
• At least 1-3 years relevant working experience in AML/CFT, compliance, internal audit or risk management in financial services industries.
• Broad knowledge of business, products and operations of the financial services industries (banks, insurance and capital market firms), familiar with AML/CFT regulatory requirements and international standards.
• AML specialist certification with a recognized institution/association will be an advantage.
• Good interpersonal & communication skills, adaptable to fast-paced environment and able to meet tight deadlines.

Responsibilities

• Implement and enhance Group AML/CFT Policy, Standards and operating procedures & controls.
• Execute change impact assessment, develop a Change Management plan including communication and training plans.
• Drive, manage and coordinate end to end developments, processes and controls for Singapore and Group entities.
• Provide compliance advisory support to business units and compliance officers across the Group.
• Conduct risk assessment exercises required under the Group AML/CFT program.
• Perform compliance testing/monitoring on Group entities to determine standard & quality of compliance.
• Determine root cause of issues/findings from audits/inspections and ensure timely resolution.
• Prepare risk management reports for submission to various stakeholders.
• Ensure timely and appropriate action on matters where ML/TF activities suspected.
• Take accountability for business and regulatory compliance risks and mitigate them.

Job description

JOB DESCRIPTION

• Implement and enhance Group AML/CFT Policy, Standards and operating procedures & controls;
• Execute change impact assessment, develop a Change Management plan, including communication and training plans to ensure the message reaches all impacted users to improve knowledge and risk culture;
• Drive, manage and coordinate end to end developments, process and controls and oversee its implementation for Singapore and the Group entities;
• Provide compliance advisory support to business units and compliance officers across the Group;
• Conduct risk assessment exercises required under the Group AML/CFT program (such as Enterprise-Wide Risk Assessment, Compliance Risk Self-Assessment, benchmark of regulations etc.);
• Perform compliance testing/monitoring on Group entities to determine standard & quality of compliance;
• Determine root cause of issues/findings from audits/inspections and ensure timely resolution;
• Prepare risk management reports for submission to various stakeholders;
• Ensure timely and appropriate action on matters where ML/TF activities suspected;
• Take accountability in considering business and regulatory compliance risks and takes appropriate steps to mitigate the risks;
• Maintain awareness of industry trends on regulatory compliance, emerging threats and appropriate steps to mitigate the risks; and
• Highlight any potential concerns/risks and proactively shares best risk management practices.

JOB REQUIREMENTS

• Degree in Finance/ Commerce/ Economics/ Banking/ Law/ Engineering from a recognized university or tertiary institution;
• At least 1-3 years relevant working experience in the area of AML/CFT, compliance, internal audit or risk management in financial services industries;
• Broad knowledge of business, products and operations of the financial services industries (either banks, insurance and capital market firms), familiar with AML/CFT regulatory requirements and international standards;
• AML specialist certification with a recognized institution/association will be an advantage;
• Good interpersonal & communication skills, able to handle difficult situations, adaptable to fast-pace environment and able to work under pressure to meet tight deadlines;
• Good analytical, conceptual and problem solving skills;
• Resourceful, proactive and able to work independently as well as in a team;
• High level of integrity, takes accountability of work and good attitude over teamwork; and
• Takes initiative to improve current state of things and adaptable to embrace new changes.