About the role
AI summarisedSenior VP leading the Anti-Money Laundering advisory function for Personal Financial Services at a bank, responsible for providing AML guidance, managing regulatory risks, and ensuring compliance with AML laws and regulations.
BusinessFull-timeGeneral
Key Responsibilities
- Provide strategic AML advisory support to Personal Financial Services business units.
- Lead the AML advisory team in reviewing and approving high-risk customer relationships.
- Develop and maintain AML policies, procedures, and controls in line with regulatory requirements.
- Advise on AML implications of new products, services, and business initiatives.
- Monitor and analyze emerging AML risks and regulatory changes to ensure proactive compliance.
- Collaborate with internal stakeholders including legal, risk, and business teams to mitigate AML risks.
- Prepare and present AML risk reports to senior management and regulatory bodies.
- Conduct AML training and awareness programs for business and support functions.
Requirements
- Minimum 10 years of experience in AML compliance within the banking or financial services industry.
- Strong knowledge of MAS AML/CFT regulations and industry best practices.
- Proven experience in leading an AML advisory function or team.
- Excellent understanding of Personal Financial Services products and customer segments.
- Strong analytical and problem-solving skills with attention to detail.
- Effective communication and stakeholder management skills.
- Ability to influence and drive change in a complex organization.
- Bachelor's degree in Finance, Business, Law, or related field.
- Professional certification such as CAMS is preferred.
- Experience with regulatory examinations and audits.