About the role
AI summarisedThe role is a VP/AVP Team Lead for the AML/KYC Team within the Institutional Banking Group COO Office at a bank. The position involves leading a team to ensure compliance with AML and KYC regulations, managing risk, and driving operational excellence.
BusinessFull-timeGeneral
Key Responsibilities
- Lead and manage the AML/KYC team to ensure timely and accurate completion of KYC reviews and remediation.
- Oversee the end-to-end KYC process for institutional banking clients, including onboarding, periodic review, and event-driven review.
- Ensure compliance with MAS regulations and internal AML/CFT policies.
- Drive process improvements and automation initiatives to enhance efficiency and effectiveness of AML/KYC operations.
- Collaborate with business units, compliance, and operations to resolve AML/KYC-related issues.
- Prepare and present management reports on AML/KYC metrics and risk indicators.
- Provide guidance and training to team members on AML/KYC requirements and best practices.
- Act as the primary point of contact for audits and regulatory inspections related to AML/KYC.
Requirements
- Minimum 8-10 years of experience in AML/KYC within the banking industry, preferably in institutional banking.
- Strong knowledge of MAS AML/CFT regulations and industry best practices.
- Proven experience in leading and managing a team.
- Excellent analytical and problem-solving skills.
- Strong communication and interpersonal skills.
- Ability to work under pressure and meet tight deadlines.
- Proficiency in Microsoft Office applications.
- Bachelor's degree in any discipline; advanced degree or professional certification (e.g., CAMS) is preferred.