AVP, Financial Crime Compliance

The NETS Group is a leading payments services group, enabling digital payments for merchants, consumers and banks across the entire payments value chain. 
 

The Group operates Singapore’s national debit scheme enabling customers of DBS Bank/POSB, HSBC, Maybank, OCBC Bank, Standard Chartered Bank and UOB to make payments using their ATM cards or mobile devices at more than 130,000 acceptance points in the country as well as online payments.

In this role, you will assist the Vice President Financial Crime Compliance in managing the risks of money laundering, terrorism financing and sanctions.

Key Responsibilities

• Responsible to develop and implement an enterprise-wide Anti-Money Laundering and Terrorism Financing (“AML/CFT”) and Sanctions programs;
• Work collaboratively with the internal stakeholders to identify and manage money laundering, terrorism financing and sanction risks;
• Develop, maintain and review AML/CFT and sanctions related frameworks, policies, procedures and processes;
• Provide advisory to Business Units and Operations for customer due diligence and new product assessment from ML/TF and Sanctions risk perspectives;
• Develop and design AML/CFT compliance testing assurance review plan for the second line of assurance, monitoring and surveillance function;
• Conduct assurance reviews of various AML/CFT related areas in business and operational departments  units of the NETS Group;
• Conduct investigation into suspicious activities/trend as well as to lodging STR with the local authority;
• Provide relevant advisories to business/support units on matters arising from ML/TF and fraud related reviews and investigations conducted;
• Liaise with government/law enforcement agencies on information requests;
• Ensure proper documentation and record keeping of reviews and investigation cases in accordance to Group standards;
• Provide inputs and support to strengthen the AML/CFT monitoring and procedures;
• Manage monthly compliance reporting to Senior Management and Board; and
• Drive adhoc compliance projects assigned including transformation initiatives, system implementation and engagement of business stakeholders for successful implementation.

Requirements

Education & Experience

• A relevant degree in related discipline accounting, finance or financial analysis
• Minimum 8 years of relevant working experience in financial crime /AML;
• Experience in financial institutions with exposure to anti-money laundering compliance/ audit or risk management.
• Must be well-organized, have the ability to work under tight deadlines, make decisions, and collaborate well with larger Compliance team;

Skills & Knowledge

• Proven ability to engage, collaborate, influence and negotiate with key stakeholders.
• Possess strong analytical skills, paying careful and particular attention to detail.
• Excellent problem-solving skills, ability to prioritise and manage multiple tasks assigned.
• Strong in documentation and report writing skills.
• Self-motivated with a strong work ethic and the ability to work independently.

Professional Certification

• Possess a Certified Money Laundering Specialists (“ACAMS”) certification or a Diploma in AML with the International Compliance Association;

Network for Electronic Transfers (Singapore) Pte Ltd.