Money Laundering Reporting Officer (MLRO) - Digital Payments Money Laundering Reporting Officer (MLRO) -  …

Selby Jennings
in Singapore
Permanent, Full time
Last application, 01 Dec 21
Negotiable
Selby Jennings
in Singapore
Permanent, Full time
Last application, 01 Dec 21
Negotiable
A leading digital payments firm is looking for an MLRO to serve as the key personnel for oversight of all AML/CFT and sanctions matters in a Singapore entity. We are keen to speak to individuals possessing strong familiarity with the regulatory landscape in Singapore pertaining to AML/CFT/sanctions within the payment industry.

A leading digital payments firm is looking for an MLRO to serve as the key personnel for oversight of all AML/CFT and sanctions matters in a Singapore entity. We are keen to speak to individuals possessing strong familiarity with the regulatory landscape in Singapore pertaining to AML/CFT/sanctions within the payment industry.


Responsibilities:
  1. Act as key person for the oversight of all AML/CFT and sanctions matters in a Singapore entity, including implementation of effective and sustainable controls
  2. Handle and advise internal stakeholders on AML/CFT and sanctions related enquiries
  3. Carry out AML/CFT and sanctions risk assessment at the entity level and on products and services offered
  4. Formulate, implement and perform periodic reviews of the entity's AML/CFT and Sanctions Programme, policies and procedures
  5. Identify and mitigate potential areas of AML compliance vulnerability and risks/gaps
  6. Ensure a speedy and appropriate reaction to any matter in which money laundering, terrorism financing or sanctions breach is suspected
  7. Actively identify and report suspicious transactions by reviewing internal disclosures and act as the main point of contact with the Singapore regulators and law enforcement agencies
  8. Monitor, keep abreast and assess impact of AML/CFT and sanctions regulatory developments
  9. Ensure AML/CFT and Sanctions training for employees is adequate, appropriate and effective
  10. Provide support/guidance to senior management to ensure that AML/CFT and sanctions risks are adequately identified, understood and managed, in particular to communicate key AML/CFT and sanctions issues including significant compliance deficiencies
  11. Collaborate with Compliance and other risk and control departments to address AML compliance issues and engender a culture of compliance within the business.

Job Requirements:
  1. Possess minimally a Bachelor's degree
  2. 7+ years of relevant AML experience and expertise within financial services or payment industry
  3. Familiarity with Singapore AML/CFT and sanctions laws and regulations
  4. Technically-inclined with an ability to engage and work with technology specialists and very comfortable navigating in a fast-paced rapidly evolving environment where structure is a work in progress
  5. Ability to work under pressure, meet deadlines and work effectively with multiple stakeholders
  6. Proficiency in Chinese language is advantageous.

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