Head of AML - Digibank
Grab
Singapore
5d ago

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Get to know the Role :

  • This is a subject matter expert role in Financial Crime Compliance (FCC), focusing on Anti-Money Laundering and Countering the Financing of Terrorism (AML / CFT).
  • The successful candidate will apply his / her compliance expertise across different financial services verticals, with a view to establishing a consistently high-standard approach to FCC across Digibank.
  • Develop, maintain, implement and refine the company’s FCC and AML / CFT compliance program, in close partnership with business stakeholders in Product, Risk and Operations as well as country-level compliance teams where relevant.
  • Strong familiarity with developing effective controls around the following areas : individual and business customer onboarding processes, sanctions screening, customer risk rating frameworks, transaction monitoring, enterprise wide risk assessments and filing of suspicious transaction reports.
  • Coordinate with other subject matter experts in areas such as fraud prevention
  • Advise business stakeholders of implications of new / existing FCC and AML / CFT regulations and provide guidance / training on the proper and prompt implementation of procedures to comply
  • Enhance board and senior management FCC and AML / CFT oversight by developing regular briefing materials and concise reporting dashboards that keep them apprised of key FCC and AML / CFT compliance risks, and ensure that they are comfortable with the way these risks are managed.
  • When required, act as principal point of contact for internal and external stakeholders in relation to FCC and AML / CFT compliance matters
  • Support and where necessary drive government relations activities in regional markets to deepen ties and partnerships with financial regulators and central banks.
  • While the focus of the Digibank operations will be on Singapore initially, the candidate should be open to travel within South-east Asia where the Digibank intends to build a presence to support the building of FCC compliance frameworks in these countries, as well as support country compliance teams when required.
  • Any other duties assigned by the Head of Compliance and Government Relations.
  • The must haves :

    A university degree in Accounting / Commerce / Finance, Banking or Law or related discipline with at least 15 years’ experience in the financial services industry.

    Minimum 5 years’ experience of direct FCC and AML / CFT compliance in either private, retail, wholesale banking or securities firms.

    Candidates with retail banking regulatory backgrounds will be prioritised.

    Passionate about technology trends in the financial sector and keen to embrace technology to enhance FCC and AML / CFT compliance

    Strong knowledge of the Monetary Authority of Singapore’s AML / CFT regulations, with a proven ability to effectively implement a robust AML / CFT control environment in a financial institution in Singapore.

    Strong analytical and problem solving skills and ability to prioritize and organize work effectively and efficiently to meet aggressive targets and deadlines

    Constructive attitude and a demonstrated willingness to get hands dirty to effectively solve problems.

    Excellent interpersonal, written and verbal communication skills.

    Highly motivated self-starter, with the drive and independence to set up the specialist FCC and AML / CFT subject matter expertise within the Compliance team, with the potential for the role to become a managerial one in the near term.

    Existing experience with managing financial crime compliance teams will be valued.

    Experience in developing policies, procedures, and manuals.

    Experience in designing and refining transaction monitoring frameworks and escalation processes

    Experience in liaising with financial regulators, responding to regulatory inquiries and surveys and managing inspections.

    Experience in stakeholder management at all levels, particularly senior stakeholders.

    Comfort in managing ambiguity and operating in a hyper-growth company.

    Previous working experience with a regulator will be an advantage.

    Certified as an AML specialist with a recognised institution / association (e.g. ACAMS or ICA) will be a plus.

    Get to know Grab :

    Grab is more than just the leading ride-hailing and mobile payments platform in Southeast Asia. We use data and technology to improve everything from transportation to payments and financial services across a region of more than 620 million people.

    We work with governments, drivers, passengers, merchants, and the community, to solve critical problems in Southeast Asia.

    Grab began as a taxi-hailing app in 2012, but we have since extended our product platform to include GrabCar, GrabShare, GrabBike, GrabHitch, GrabExpress, GrabFood, GrabCoach, GrabShuttle, GrabCycle.

    We recently launched our fintech platform GrabFinancial, which consists of payments, lending and insurance. Our latest addition is GrabVentures, an in-house incubation platform.

    We are focused on pioneering new commuting and payment alternatives for drivers and passengers with an emphasis on convenience, safety, and reliability.

    Currently, we offer services in 8 countries. Our R&D offices are in Singapore, Seattle, Beijing, Bangalore, Jakarta and Vietnam.

    We aspire to unlock the true potential of Southeast Asia and look for like-minded individuals to join us on this ride.

    If you share our vision of driving South East Asia forward, apply to join our team today.

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