About the Role
This role supports the Head of AML Advisory in providing oversight and governance for AML/CFT/CPF (hereafter referred to as AML) and Sanctions risks across the Bank. The role ensures robust AML policies and procedures, effective product and third party risk assessments, and strong risk stewardship over business initiatives, while supporting compliance with regulatory expectations while enabling responsible business growth.
What you will do:
- Support the Head of AML Advisory in the development, review, and maintenance of AML/CFT/CPF and Sanctions policies, AML/CFT/CPF procedures, and guidance documents to ensure alignment with regulatory requirements and industry best practices.
- Ensure policies remain current through periodic review and regulatory change management.
- Monitor relevant regulatory developments and assess impact to AML/CFT/CPF and Sanctions policies, AML/CFT/CPF procedures and existing controls.
- Provide interpretation and guidance on AML and Sanctions policies and underlying procedures to business units (BU) and support units (SU).
- Drive consistency in AML and Sanctions policy applications across the Bank.
- Perform AML and Sanctions risk assessments for new and existing products, services, and delivery channels.
- Identify inherent financial crime risks and evaluate adequacy of mitigating controls.
- Work closely with Product, Business, and Risk teams to recommend risk-appropriate controls during product development lifecycle.
- Provide recommendation to the Head of AML Advisory or Head of AML Compliance for product approvals, where required.
- Provide AML advisory and review for third party providers or donation recipients flagged with AML and Sanctions risk indicators.
- Assess the materiality of AML and Sanctions risks and adequacy of proposed mitigating controls.
- Advise on risk acceptance, escalation, enhanced due diligence, or remediation actions.
- Act as AML and Sanctions Risk Steward for business and support unit initiatives, including new business models, process changes, and strategic partnerships.
- Review initiatives to assess financial crime risks and alignment with the Bank's risk appetite.
- Provide clear, risk-based challenge and recommendations on control design and risk treatment.
- Act as subject matter expert for AML tools for e.g. customer risk assessment tools and Financial Crime Country Risk Model (FCCRM).
- Support ongoing maintenance, periodic review and update, and enhancements to the AML tools and methodologies.
- Provide advisory input on AML model design and governance, including risk scenarios, thresholds, parameters, and model change documentation.
- Serve as a trusted AML and Sanctions advisor to Business Units and Support Units.
- Provide guidance on complex AML and Sanctions matters, including high-risk relationships and emerging risks.
- Facilitate regulatory reviews, internal audits, and compliance assessments.
- Support tracking and advisory oversight of AML and Sanctions related issues, findings, and remediation actions arising from audits, regulatory reviews, or internal assessments.
- Provide subject matter expertise and advisory input to AML and Sanctions training and awareness programmes across the Bank.
- Support the development and periodic review of AML and Sanctions training materials to ensure alignment with regulatory requirements, internal policies, and emerging financial crime risks.
- Participate in targeted training or awareness sessions for BU/SU, where required.
- Manage or support AML / Sanctions related projects and initiatives.
- Track project risks, dependencies and deliverables.
- Engage cross-function stakeholders to ensure timely and effective delivery.
Skills and experience you possess:
- Bachelor's degree in any related field.
- Possess a minimum of 6 years experience in Compliance, Risk Management, Internal Audit or Banking Operations with hands-on exposure to financial crime compliance matters.
- Possess professional certification in AML/CFT or other relevant areas is an advantage.
- Broad knowledge of banking products and processes.
- Strong understanding of AML/CFT regulations, FATF standards, international sanctions requirements and financial crime risk management.
- Experience with policy and procedure reviews.
- Strong risk assessment and analytical skills, with the ability to identify, assess, and articulate financial crime risks in a structured and risk-based manner.
- Proven ability in data analytics, including the evaluation of financial crime trends and risk indicators, to support risk assessments and provide well-informed compliance advisory opinions.
- Proficient use of relevant tools, including MS Office applications (Excel, Word, PowerPoint); exposure to Visio and project management tools is an added advantage.
- Ability to balance regulatory compliance with business enablement through practical, risk-based judgement.
- Clear written and verbal communication skills, particularly in English.
- Strong stakeholder management and critical thinking skills, with the ability to provide constructive challenge, solve problems systematically, and anticipate outcomes.
