Money Laundering Reporting Officer

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

Job summary

Ant International in Singapore seeks an experienced Money Laundering Reporting Officer (MLRO) to lead the AML/CFT programme for our Singapore entity. You will develop, implement, and maintain controls, working with MAS regulators and internal teams to ensure full compliance and effective risk management.

The ideal candidate has 10+ years in AML within financial services or payments, is technically inclined, able to engage tech colleagues and stakeholders, and can operate under pressure in a

Qualifications

• University graduate with at least 10 years of AML experience in financial services or payments.
• Familiarity with Singapore AML/CFT and sanctions laws/regulations.
• Technically inclined with ability to engage technology specialists in a fast-paced environment.
• Ability to work under pressure and meet deadlines with multiple stakeholders.
• Proficiency in Mandarin is a plus for working with stakeholders.

Responsibilities

• Act as key person for oversight of AML/CFT matters for the Singapore entity, including implementation of controls.
• Advise internal stakeholders on AML/CFT related enquiries.
• Carry out AML/CFT risk assessments at entity level and on products/services.
• Formulate and review AML/CFT policies and procedures.
• Identify and mitigate AML compliance risks and gaps.
• Report suspicious transactions and liaise with regulators and law enforcement.
• Monitor AML/CFT regulatory developments and ensure training for employees.

Skills

AML expertise

Regulatory knowledge

Stakeholder management

Risk assessment

Training & communication

Education

University degree

Job description

Performing the role of the Money Laundering Reporting Officer (“MLRO”) for a Singapore payment entity within the Ant International, the individual will have overall responsibility for developing, maintaining and implementing the entity’s Anti-Money Laundering (“AML”) / Countering the Financing of Terrorism (“CFT”) Programme.

The individual will work closely with regulators such as the Monetary Authority of Singapore (“MAS”), internal business and operation teams of the entity, as well as other internal stakeholders, including but not limited to members of the Legal, Compliance and other various departments and functions within Ant International.

The ideal candidate will be a confident self-starter with strong interpersonal and organizational skills with ability to work independently and collaboratively in a dynamic working environment. The candidate will be versatile and flexible with the ability to manage with ambiguity in a dynamic environment with changing priorities.

Key Responsibilities and Expectations

• Act as key person for the oversight of all activities relating to AML / CFT matters for a Singapore entity, including the implementation of effective and sustainable controls
• Handle and advise internal stakeholders on AML / CFT related enquiries
• Carry out AML / CFT risk assessment at the entity level and on products and services offered
• Formulate, implement and perform periodic reviews of the entity’s AML / CFT Programme, policies and procedures
• Identify and mitigate potential areas of AML compliance vulnerability and risks / gaps
• Ensure a speedy and appropriate reaction to any matter in which money laundering or terrorism financing breach is suspected
• Actively identify and report suspicious transactions by reviewing internal disclosures and act as the main point of contact with the Singapore regulators and law enforcement agencies
• Monitor, keep abreast and assess impact of AML/CFT regulatory developments
• Ensure AML / CFT training for employees is adequate, appropriate and effective.
• Provide support / guidance to senior management to ensure that AML / CFT risks are adequately identified, understood and managed, in particular to communicate key AML / CFT issues including significant compliance deficiencies
• Collaborate with Compliance and other risk and control departments to address AML compliance issues and engender a culture of compliance within the business

Minimum Qualification and Experience

• University Graduate with at least 10 years of relevant AML experience and expertise within financial services or payment industry
• Familiarity with Singapore AML / CFT and sanctions laws and regulations
• Technically-inclined with an ability to engage and work with technology specialists and very comfortable navigating in a fast-paced rapidly evolving environment where structure is a work in progress
• Ability to work under pressure, meet deadlines and work effectively with multiple stakeholders
• Proficiency in Mandarin is a plus for working with some of our internal and external stakeholders