Local Compliance and AML Officer

Intesa Sanpaolo Group; Singapore; On-site; SGD 150,000 - 230,000; Full time

Job summary

Intesa Sanpaolo Group is seeking an experienced AML/CTF compliance officer and MLRO for its Singapore branch. You will lead the local compliance risk program, ensure policy alignment with local laws and ISP HO standards, and act as primary liaison with regulators.

The role requires eight+ years in Compliance & AFC in financial institutions, extensive KYC/CDD, AML monitoring, and sanctions expertise. English fluency is essential; Italian is a plus.

Qualifications

• Minimum eight years of experience in Compliance & AFC in banks/financial institutions/local regulators.
• Strong knowledge of local Regulatory Compliance and AFC requirements.
• Extensive experience in risk assessments.
• Extensive experience in second level controls on Regulatory Compliance and AFC matters.
• Experience in providing training initiatives to spread the culture within the Bank.
• Experience in KYC/CDD, AML Transaction Monitoring and Financial Sanctions name screening and payment filtering.
• Experience in setting up MIS for risk monitoring and periodic reporting to top management.
• International Banking Group experience is an advantage.
• Deep understanding of Singapore regulatory environment for Regulatory Compliance and AML/CFT.
• Familiarity with Funds, Trusts, SPVs structures is an advantage.
• ACAMS certification is an advantage.

Responsibilities

• Ensure adherence to Branch policy, procedures and guidelines.
• Assess and oversee risk management for money laundering, terrorist financing, embargo breaches and bribery.
• Align with regulatory obligations through interpretation of external regulations.
• Propose operational and procedural amendments for adequate risk control.
• Produce Branch Annual Risk Assessment elements for regulatory contexts and sanctions.
• Adopt and implement directives from Head Office on AFC risk management.
• Liaise with regulatory authorities to stay updated on legislation.
• Operate an oversight program for money laundering, sanctions and corruption controls.
• Authorize onboarding of PEPs and high-risk customers, manage sanctions screening.
• Assess compliance of sensitive corporate transactions and changes in products/services.
• Complete ad hoc tasks requested by Head Office.

Skills

Regulatory compliance

AML/CFT

Risk assessments

Training

KYC/CDD

Transaction monitoring

Financial sanctions screening

MIS reporting

Banking knowledge

English proficiency

Italian language

Education

University degree in law, finance and/or economics

ACAMS certification

Job description

You will be responsible for leading the Singapore branch's compliance risk management program and for ensuring that Singapore Branch has risk-based policies, procedures and controls, designed to ensure compliance with all applicable laws, regulations, policies and applicable guidance of local regulators, ensuring alignment with ISP Head Office (HO) requirements and standards. You will hold the role of Anti-Money Laundering and Counter-Terrorism Financing (AML/CTF compliance officer) and also the Money Laundering Reporting Officer (MLRO) of the branch. You will act as primary point of contact for ISP HO in regulatory compliance and AFC matters with Singaporean regulatory authorities.

What you’ll be doing

The main activities will be:

• Ensuring adherence to applicable Branch policy, procedures and guidelines. Assessing, monitoring and overseeing the management of risk associated with money laundering, terrorist finance, breach of embargoes and bribery and corruption.
• Ensuring alignment with regulatory obligations through the identification and interpretation of the external regulations and the assessment of the impact of the applicable laws on the Branch processes and procedures.
• Proposing operational, organisational and procedural amendments aimed at ensuring adequate control of the risks.
• Producing the Branch Annual Risk Assessment elements for regulatory compliance related contexts (e.g. investment services, outsourcing), money laundering, terrorist financing and financial sanctions. Assessing inherent risks, control efficacy, residual risk and recommend appropriate mitigation actions.
• Ensuring the adoption and implementation of the direction provided by the Parent Company with regard to risk-management policies, processes and procedures with respect to AFC matters.
• Liaising with the Supervisory Authorities to stay up to date on the legislative framework and operating in compliance with regulations in force with regard to the Branch business model.
• Operating an oversight program to ensure adherence to local regulatory requirements for money laundering, terrorist financing, financial sanctions and anti- bribery and corruptions.
• Authorising the opening and maintaining of existing relationships with PEPs, high risk customers, Financial Institutions and appropriately manage customers who are found to be included in the Sanctions Lists.
• Assessing and facilitating new product approval and services to be marketed and/or significant changes to existing ones.
• Assessing the compliance of corporate transactions identified as sensitive for the purpose of embargoes and those that involve countries, product categories, or parties subject to sanctions and/or C19restrictive measures.
• Complete ad hoc tasks as reasonably requested by Head Office.

Who we are looking for

If you want to turn your passion into a career and you have the following characteristics, we are waiting for you:

• Minimum eight years of experience in Compliance & AFC in banks/financial institutions/local regulators;
• Strong knowledge and experience in managing local Regulatory Compliance and AFC requirements;
• Extensive experience in conducting risk assessments;
• Extensive experience in conducting second level controls on Regulatory Compliance and AFC matters;
• Extensive experience in providing training initiative aimed at spreading the culture within the Bank;
• Extensive experience in the definition and management of processes, measures and controls on KYC/CDD , , AML Transaction Monitoring and Financial Sanctions name screening and payment filtering matters within the Bank;
• Extensive experience in setting up the MIS for risk monitoring and the periodic reporting/information flows towards the top management (e.g., Corporate Bodies, BoD, Management Committee, Compliance Committee, Head Office, etc.)
• Experience in an international Banking Group is an advantage;
• University degree in law, finance and/or economics;
• English native speaker, Italian is an advantage;
• Deep understanding and good knowledge of the Singapore regulatory environment and expectations both on Regulatory Compliance and Anti Financial Crime (i.e., AML/CFT, Financial Sanctions and Anti Bribery and Corruption) and local and international requirements and standards;
• Good knowledge of the main relevant banking products offered to corporate customers, including trade finance products, the financial institutions and correspondent banking sector / products, the potential Compliance/AFC risks associated and the related mitigating measures;
• Familiarity with various corporate customer structures (e.g., Funds, Trusts, SPVs., etc) is an advantage;
• Comprehensive understanding of typical financial institutions’ policies and procedures in place to ensure compliance with applicable regulation;
• Ability to strictly monitor the regulatory evolution (local and international), perform the gap analysis and define the necessary adaptation plan involving the business units of the Bank;
• Deep understanding of the Corporate and Investment Banking business and Banking Corporate customer products;
• Professional certificate (e.g., ACAMS) is an advantage.

About us

We are the leading banking group in Italy and one of the Top Tier in Europe. Join us and be part of our successful story!

With over 20 million customers in Italy and abroad, we are a true engine of sustainable growth, with a strong commitment to the environment and a tangible impact on society. People are our driving force. We take care of them and foster an inclusive culture where everyone feels valued and empowered.

The Chief Compliance Officer Governance Area oversees compliance with the regulatory framework and with principles of fairness and integrity at Group level, operating independently from business activities. The Area includes the Central Anti Financial Crime Department, which is responsible for anti-money laundering and anti-corruption activities, as well as the Data Protection Officer (DPO) function, which oversees compliance with personal data protection regulations.

Join an international and innovative Group. Don't wait for the future, choose it!

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We guarantee an inclusive and equal environment. We will consider all applicants regardless of race, religion, sexual orientation, gender identity, marital status, national origin, age, disability, or any other protected category in compliance to D.lgs. 198/2006, 215/03 and 216/03.

For the evaluation of the application, the data will be processed by Intesa Sanpaolo S.p.A.as Data Controller. We invite you to review the dedicated Privacy Information Notic e for more details.