Compliance Consultant - AML, Financial Crime Compliance (FCC)

📋 Description

• • Spearhead the development and enhancement of the financial crime compliance (FCC) framework within Singapore, ensuring seamless adaptation and implementation of global standards to meet local regulatory requirements and business needs.
• • Define, track, and manage key performance indicators (KPIs) and objectives for the FCC team, fostering a culture of accountability, clear responsibility allocation, and high performance to achieve departmental goals.
• • Serve as the primary point of contact for all day-to-day Anti-Money Laundering (AML) regulatory interactions, expertly managing inspections, examinations, and responding to ad hoc requests from supervisory bodies.
• • Act as a crucial liaison and trusted advisor for regulators, banking institutions, payment schemes, and other external stakeholders on all matters pertaining to Financial Crime Compliance (FCC) and Anti-Money Laundering (AML).
• • Provide comprehensive oversight and management of core AML/FCC activities, including conducting enhanced due diligence (EDD) on high-risk clients, meticulously reviewing and escalating suspicious activity alerts, and preparing robust suspicious matter reports (SMRs) or suspicious transaction reports (STRs) as required.
• • Offer practical, risk-based compliance advice and guidance to commercial and operations teams, proactively identifying potential compliance gaps and assisting in the remediation of findings identified through internal audits and external regulatory reviews.
• • Support the regular governance processes by preparing and presenting key metrics, risk indicators, and compliance performance reports to senior management, ensuring transparency and informed decision-making.
• • Contribute to the maintenance and continuous improvement of effective internal controls, policies, and procedures to mitigate financial crime risks and ensure adherence to regulatory expectations.
• • Collaborate with cross-functional teams to integrate compliance considerations into business processes and product development, ensuring a proactive and embedded approach to financial crime prevention.
• • Stay abreast of evolving regulatory landscapes, emerging financial crime typologies, and best practices in AML/FCC, applying this knowledge to refine and strengthen the compliance program.
• • Assist in the development and delivery of AML/FCC training programs for relevant business units, enhancing awareness and understanding of compliance obligations across the organization.
• • Participate in risk assessments and control testing activities to identify and evaluate potential vulnerabilities within the AML/FCC framework.
• • Contribute to the development and implementation of technology solutions and tools to enhance the efficiency and effectiveness of AML/FCC processes, such as transaction monitoring, screening, and case management systems.
• • Ensure that all compliance activities are documented thoroughly and accurately, maintaining audit trails and supporting evidence for regulatory scrutiny.
• • Foster strong working relationships with internal audit, legal, and business units to ensure a cohesive and integrated approach to compliance management.
• • Proactively identify and assess new risks introduced by emerging business activities or products, developing appropriate mitigation strategies in consultation with relevant stakeholders.
• • Support the development and execution of the firm's AML/FCC risk assessment methodology, ensuring it remains current and aligned with regulatory expectations and business strategy.
• • Contribute to the firm's efforts in combating money laundering, terrorist financing, and other financial crimes, upholding the integrity and reputation of the organization.
• • Prepare and present findings and recommendations from compliance reviews and investigations to management, driving continuous improvement in the compliance program.
• • Ensure compliance with all applicable laws, regulations, and internal policies, acting as a guardian of the firm's commitment to ethical conduct and regulatory adherence.