eFinancialCareers

• Location

  Singapore

• Compensation

  Competitive base plus bonus

• Position Type

  Permanent

• Employment type

  Full time

• Updated

  20 Nov 2009

• eFC Ref no

  585979

The Regional Monitoring Officer is located in Singapore and is responsible for ensuring all applicable AML legal and regulatory requirements and the Asia-Pacific AML Monitoring Program, and related policies, internal rules and regulations, are implemented appropriately in the region.

AML/Monitoring Responsibilities:

• Leads the AML Monitoring team and ensures the AML Monitoring Program is effectively developed and implemented across the Asia-Pacific region, and oversees ongoing compliance and reporting.
• As part of the Program, ensures the ongoing development and implementation of all AML monitoring-related policies, processes, and systems in the Asia-Pacific region.
• Coordinates and project manages implementation of the AML transaction monitoring system in countries across the Asia-Pacific region.
• Acts as primary point of contact for country AMLOs and compliance officers, with AML responsibilities for monitoring program implementation and refinement issues.
• Undertakes testing and review of suspicious matters reporting processes and makes or recommends changes.
• Acts as a central point of escalation/contact for Group AML for all monitoring and suspicious matter related reporting and projects and coordinates group, regional and other management information reporting obligations.
• Is responsible for overseeing and, where necessary, undertaking investigation, coordination and reporting of suspicious matters.
• Provides clarification on local policy interpretation, and support to country AMLO’s.
• Is responsible for the effective coordination and implementation of processes to ensure suspicious activity typologies and updates are appropriately and effectively managed and incorporated in the Program.
• Develops and leads the regional AML Monitoring team and liaises with internal compliance and/or other functions, as appropriate, on AML monitoring activities, suspicious matter investigation and reporting.

General Responsibilities:

• As part of the Asia-Pacific AML Leadership Team assists in setting long term vision and strategy for the Department.
• Analyses and identifies problems and need for change within compliance and the Bank.
• Promotes inter and intra business coordination/cooperation on AML compliance matters.
• Effectively markets the AML function and promotes a culture of compliance with the Bank.
• Identifies, manages and, where appropriate, escalates AML risks effectively.