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Director, Financial Crime / MLRO

JobsLab Singapore
Posted 4 days ago Permanent Competitive
Posted by
Dennis McCaffery
The Director, Financial Crime will be principally responsible for managing the financial crime prevention function covering all business lines in Singapore, including, FICC, Equities, Investment Banking (DCM, ECM and M&A) and Wealth Management.


  • Acts an MRP under the MAS Guidelines on Individual Accountability & Conduct responsible for financial crime prevention, and is principally responsible for managing the AML/CFT risks in line with MAS regulation and AML/CFT policy.
  • Acts as the MLRO and be responsible for effective monitoring of all business relationships and client transactions to identify all potential irregularities and suspicions from AML/CFT perspective, and submitting STRs to the MAS in a timely manner.
  • Lead the Financial Crime team
  • Leads and Conducts Enterprise-Wide Risk Assessment on Money Laundering and Terrorism Financing.
  • Monitors the daily operations and ensure that adequate financial crime prevention measures are adopted in accordance with all regulations, policies and procedures.
  • Advises management, businesses, operations and support teams on AML/CFT requirements, so as to facilitate client on-boarding, business initiatives and negotiations.
  • Reviews KYC measures conducted by the client services team and conducts periodic reviews on the KYC documentations that are maintained to ensure that all applicable regulatory and internal requirements are adhered with.
  • Ensures all clients are given appropriate AML/CFT risk ratings and enhanced CDD measures are implemented for all high-risk clients.
  • Assists with ad-hoc checks, risk reviews, remediation and screenings of clients, vendors, counterparties as and when needed.
  • Monitors development and provides key updates on related AML/CFT laws, regulations and risk trends and to escalate any key or high-risk financial crime compliance issues.
  • Provides advice/collaborate with the business and relevant support functions in the development of AML/CFT controls, processes and procedures to ensure risks are effectively identified and mitigated.
  • Represents the Financial Crime Compliance function during New Product Approval process, provides financial crime prevention related advice and ensure that such requirements are delivered.
  • Examines the appropriateness of the group’s financial crime related policies (amongst others, AML/CFT policy, Anti-Bribery and Corruption policy and Sanctions policy), practices and actions and make any necessary amendments or changes so that these are appropriate for the operations of the regulated business activities.
  • Conducts Financial Crime related trainings for Singapore staff as may be required, and ensure all relevant staff completes the trainings.
  • Conducts monitoring to ensure that all relevant businesses and employees comply with the relevant Financial Crime related policies.
  • Timely escalations to the Head of Compliance, Singapore and local management on all material AML/CFT issues or exceptions
  • Provide monthly Financial Crime Compliance updates to local management, and periodic updates to the board of directors.
  • Handles MAS, SGX, internal and external audits relating to AML/CFT focus areas.

Skills and Qualifications

  • At least 10 years’ relevant work experience in Financial Crime with specific experience of covering Global Markets, Investment Banking and Wealth Management within a financial institution.
  • A University degree or equivalent with proven experience working in financial services.
  • Strong knowledge of existing and developing industry standards with respect to Financial Crime.
  • Proven ability to engage, collaborate, influence and negotiate with key senior stakeholders.
  • Outstanding interpersonal and communication skills ensuring collaboration with key stakeholders/ business partners, including the Front Office, Divisional and regional Compliance teams, IT, vendors, and relevant project teams.
  • Possess exceptional leadership, management, analytical and communication skills needed for dealing with market participants and internal stakeholders.
  • Results oriented, sets goals and priorities that maximize the use of resources available to consistently deliver quality results.
  • Ability to identify and cultivate high quality team members.
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