Compliance Manager, AML Policy

Bank of China (Canada); Singapore; Sur place; SGD 120 000 - 190 000; Plein temps

Résumé du poste

Bank of China (Canada) in Singapore seeks an AML/CFT regulatory expert to interpret MAS requirements and translate them into practical, risk-based controls. You will lead regulatory change, policy development and governance reporting, collaborating with multiple business units across the Bank.

The role requires 5–10 years in financial crime compliance, strong analytical skills and experience with enterprise-wide risk assessments and customer risk ratings. Fluency in English is essential.

Qualifications

• Bachelor’s degree in a relevant field and 5–10 years in AML/CFT or Regulatory Compliance.
• Experience interpreting MAS AML/CFT requirements and related Guidelines.
• Advisory work on regulatory impact assessments, gap analyses and policy reviews.

Responsabilités

• Lead or support MAS regulatory change management and impact assessments.
• Develop, review and maintain AML/CFT/PF policies, standards and guidance.
• Support EWRA and CRA methodologies, risk scoring and governance reporting.
• Provide regulatory advice to business units and senior management.
• Coordinate stakeholder engagement and governance papers for committees.

Connaissances

Regulatory compliance

AML/CFT expertise

Policy drafting

Stakeholder management

Risk assessment

Regulatory interpretation

Formation

Bachelor’s degree in Law, Finance, Accounting, Business, Economics or related discipline

Outils

AML systems

KYC platforms

Transaction Monitoring governance

Description du poste

Key Responsibilities

Serve as a subject-matter expert on AML/CFT/PF regulatory requirements, including MAS Notices, Guidelines and Circulars, targeted financial sanctions (TFS), and relevant industry practices.

Provide technical advice and regulatory interpretation to Business Units, Operations and Support Functions, translating complex requirements into practical, risk-based solutions.

Research emerging regulatory developments, financial crime typologies and enforcement actions, and assess their potential impact on the Bank.

Regulatory Change Management

Lead or support the implementation of new and revised MAS requirements, Head Office policies and internal governance requirements.

Conduct regulatory impact assessments and gap analyses to identify required changes to policies, procedures, systems and controls.

Develop implementation plans,coordinate stakeholders, track action items and prepare progress updates andgovernance reports for Senior Management and committees.

Policy, Framework and Governance

Draft, review and maintain AML/CFT/PF policies, standards, procedures and guidance notes, ensuring alignment with MAS Notice 626, applicable MAS Guidelines, FATF Recommendations and Head Office requirements.

Recommend enhancements to strengthen the Bank’s AML/CFT/PF framework and maintain current, consistent regulatory inventories and documentation.

Support the Bank’s AML/CFT/PF Committee by preparing papers, reports, presentations and management information, and by tracking decisions and action items.

Prepare management reporting and Key Risk Indicators relating to AML/CFT/PF governance.

Risk Assessment Frameworks

Support the development, execution and periodic refresh of the Bank’s Enterprise-Wide ML/TF/PF Risk Assessment (EWRA), including assessment of inherent risks, control effectiveness and residual risks.

Prepare EWRA reports and presentations for relevant governance committees.

Support the design, review and enhancement of the Customer Risk Assessment (CRA) methodology and Customer Risk Rating framework, including risk factors, scoring methodologies and risk weightings.

Perform periodic validation and back-testing, and recommend enhancements based on regulatory developments, data analysis and emerging financial crime risks.

New Products and Business Initiatives

Conduct AML/CFT/PF and sanctions risk assessments for new products, services, delivery channels and strategic initiatives.

Identify ML/TF/PF risks, recommend appropriate mitigating controls and participate in New Product Approval Process discussions.

AML Systems and Transaction Monitoring Governance

Support governance of AML-related systems, including customer risk assessment, transaction monitoring and name screening systems, as well as user access management.

Participate in system enhancements, requirements gathering, User Acceptance Testing and post-implementation reviews.

Provide compliance input on transaction monitoring scenarios, threshold tuning and monitoring coverage from a regulatory and risk management perspective.

Assess the impact of new products, emerging typologies and regulatory developments on the Transaction Monitoring programme, and participate in periodic governance and effectiveness reviews.

Stakeholder Management

Build strong working relationships with Business Units, Operations, Technology, Internal Audit and Head Office.

Collaborate across functions to implement AML/CFT/PF initiatives and provide timely, practical and commercially balanced guidance.

Requirements

Qualifications and Experience

Bachelor’s degree in Law, Finance, Accounting, Business, Economics or a related discipline.

Five to 10 years of relevant experience in AML/CFT, Financial Crime Compliance or Regulatory Compliance within a bank or financial institution.

Demonstrated experience interpreting and implementing MAS AML/CFT requirements, including MAS Notice626 and related Guidelines.

Experience in AML/CFT/PF advisory, regulatory impact assessments, gap analyses and policy reviews.

Experience supporting Enterprise-Wide Risk Assessments and the development or enhancement of Customer Risk Assessment methodologies.

Working knowledge of Transaction Monitoring frameworks, governance and regulatory expectations.

Experience preparing papers and reports for Senior Management or governance committees.

Experience reviewing new products or participating in AML technology and system enhancement projects would be advantageous.

ACAMS, ICA or an equivalent professional certification would be an advantage.

Technical Knowledge

MAS Notice 626 and relatedAML/CFT Guidelines

AML/CFT/PF risk management,customer due diligence and Customer Risk Assessment

Enterprise-Wide Risk Assessment

Sanctions and targetedfinancial sanctions

AML systems, KYC platforms,financial crime technology and Transaction Monitoring governance

FATF Recommendations

Key Competencies

Strong analytical, critical-thinking and problem-solving skills.

Strong policy drafting, report-writing and documentation capabilities.

Ability to interpret complex regulatory requirements and translate them into practical business solutions.

Effective stakeholder management, communication and influencing skills across all levels of the organisation.

Strong organisation and project management skills, with the ability to manage multiple priorities.

Proactive and self-motivated, with sound judgement, integrity and attention to detail.

Language Proficiency

Excellent command of written and spoken English.

Proficiency in written an spoken Mandarin is required, as the role involves reviewing Head Office policies and documents prepared in Chinese, drafting bilingual correspondence where required, and liaising regularly with Chinese-speaking stakeholders.