About the role

AI summarised

The Executive Director, Head of BRCM AML, Group Retail leads the AML compliance function for the retail banking division at a major bank. This role is responsible for developing and implementing AML strategies, overseeing risk assessments, and ensuring regulatory compliance across retail banking operations.

BusinessFull-timeGeneral

Key Responsibilities

Develop and implement the AML strategy for Group Retail to ensure compliance with regulatory requirements.
Oversee the AML risk assessment framework for retail banking products and services.
Lead the team in conducting enhanced due diligence and suspicious transaction monitoring.
Provide strategic direction and guidance on AML matters to senior management and business units.
Ensure timely and accurate reporting of AML-related issues to regulators and internal committees.
Collaborate with other compliance functions and business stakeholders to mitigate money laundering risks.
Drive continuous improvement of AML policies, procedures, and controls.
Manage regulatory examinations and audits related to AML.

Requirements

Minimum 15 years of experience in AML compliance within the banking industry.
Strong knowledge of AML regulations, including MAS guidelines and FATF recommendations.
Proven leadership experience managing a team of AML professionals.
Excellent analytical and problem-solving skills.
Strong communication and stakeholder management abilities.
Bachelor's degree in Finance, Business, Law, or a related field.
CAMS certification preferred.
Experience in retail banking AML is highly desirable.
Ability to work in a fast-paced, dynamic environment.
Strategic thinker with the ability to translate regulatory requirements into actionable plans.