AVP/Senior Manager, AML, Account Approval & Operation Control

Role Summary

Incumbent is responsible for overseeing Anti-Money Laundering (AML) compliance, account approval processes, and operational control within Private Banking, focusing on high net worth individual clients in Singapore.

Key Responsibilities

• Develop and implement AML control strategies to optimize account opening and underwriting opportunities to support business growth, while ensuring an appropriate balance between risk and return
• Supervise the conduct of AML control activities to ensure full compliance
• Ensure regulatory compliance for account opening and client due diligence
• Monitor KYC and client suitability checks
• Review account opening documentation
• Collaborate with front office and other business units
• Support sales management and business growth strategies

Team & Reporting Line

Reports directly to the Head of Private Banking, Singapore Branch

Skills & Competencies

• Advanced understanding of AML regulations
• Strong risk management skills
• Excellent documentation and compliance expertise
• Ability to balance regulatory requirements with business growth objectives

Qualifications

• Degree or equivalent in any Finance & Banking or equivalent fields
• Minimum of 5 years' relevant experience in banking in risk and operation management
• At least 5 years of hands-on experience in the AML field (client onboarding review [including documentation], ongoing periodic client review, transactions monitoring) in a Private Bank and must be familiar with the MAS 626 requirements or other international AML/CFT standards