Summary(18+Years only)
Money Laundering prevention by Monitoring & Screening controls (Monitoring & Screening) is responsible for executing the control frameworks designed to manage and mitigate the money laundering risk resulting from cash transactions of the banks clients and the client itself.
Role Description
- This is a Functional Head role managing leading the Level 1 CB AML Inestigations function for the APAC covering 14 countries.
- It is part of the APAC FCO Management team and is relied on to provide SME, operational and thought leadership necessary for TM Investigations to be performed effectively. Seniority is required to bring the necessary skill and experience required, additional to being appointed a Material Risk Person under the MAS Individual Accountability & Conduct framework.
Work includes:
- Ensuring that the defined control framework is implemented appropriately to execute the controls within the quality standards defined.
- Operating the control itself by reviewing the alerts generated to identified real alerts, which must be either reported to the authorities or being escalated together with a proposal for further action to the business line owner of the client/ transaction (Typically referred to as L1 to L3/ SAR investigations).
- Ensuring operational quality and discipline combined with regulatory risk awareness & investigative skills, and warrant that workflows are governed by established policies, clearly defined processes, and escalation points.
Your key responsibilities
- Regularly monitor organizational performance through key metrics and benchmarks. Incumbent needs to analyze data to identify trends, Inefficiencies, and opportunities for improvement. Regular performance reviews across departments enable them to implement targeted strategies for growth.
- Leading cross functional teams is another key part of the role. Incumbent needs to manage, guide and develop teams across di/erent products streams. This ensures all teams are working towards the company's strategic objectives.
- Incumbents should be skilled at formulating long-term strategies and translating them into actionable operational plans. This skill involves taking calculated risks, making tough decisions and driving the company forward.
- Every day brings a new set of challenges that need to be resolved quickly and efficiently. Hence, the capacity to analyze situations, identify problems and develop effective solutions is important.
- Capable of explaining the company's strategy, goals and expectations clearly to various stakeholders. This also includes the ability to listen, a key aspect of maintaining open and transparent lines of communication across the organization.
- Responsible for identifying and mitigating risks that may impact on business operations. This involves conducting regular assessments to address vulnerabilities in processes, systems, or compliance. They ensure the organization adheres to industry regulations, legal standards, and internal policies to minimize liabilities
