VP, 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 Senior Vice President Compliance in dealing with fraud investigation as well as managing the risks of money laundering, terrorism financing and sanction.

Key responsibilities

• Team Leadership & Guidance: Provide mentorship and supervision to Financial Crime Compliance team, managing daily operational tasks, performance, and quality standards.
• Investigative Oversight: Lead investigations into alerts from transaction monitoring systems, ensuring high-risk customers and suspicious activity reports are reviewed and filed within deadlines.
• Risk Management & Policy: Oversee the enterprise-wide ML/TF/PF risk assessments and develop/maintain internal Financial Crime policies and procedures.
• Compliance Testing: Oversee the development and execution of compliance monitoring and testing programs, including maintenance of test results and reports.
• Stakeholder & Regulatory Management: Act as a key contact for regulatory enquiries, audits, and internal stakeholder advisory, ensuring adherence to local and international standards.
• Process Improvement: Identify opportunities for automation and efficiency enhancements, managing change initiatives within the Financial Crime Compliance function.

• Reporting & Projects: Manage monthly compliance reporting to Senior Management and Board and drive compliance projects assigned, including engagement of business stakeholders for successful implementation.

Requirements

• A relevant degree in related discipline accounting, finance, financial analysis, economics and business;
• Possess a Certified Money Laundering Specialists (“ACAMS”) certification or a Diploma in AML with the International Compliance Association;
• Minimum 10 years of relevant working experience in financial crime/AML, with prior experience leading a team;
• Experience in financial institutions, law enforcement, intelligence/analysis, or regulatory environment is preferred;
• Must be well-organized, have the ability to work under tight deadlines, make decisions, work well as part of a team and independently;
• Proven ability to engage, collaborate, influence and negotiate with key senior 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 team player with track record of working well in a collaborative environment with strong stakeholder management and communication skills.
• Strong in documentation and report writing skills.
• Self-driven with the ability to work independently.
  

Network for Electronic Transfers (Singapore) Pte Ltd.