VP Business Compliance (Retail- AML/CFT Team Lead)

Kaskal Executive
100K to 160K+ Attractive Bonus
12 Aug 2017
15 Aug 2017
Contract Type

Advisory ​

  • Provide operational advisories to business units; assist business units in operationalizing Compliance Policies & Guidelines / Regulatory Requirements.
  • Provide advisories and supervisory services to the business unit for customer on-boarding and retention of customer relationships in accordance with GC-AML endorsement framework
  • Work with GC on compliance matters and initiatives e.g. policies, guidelines, framework, training, annual compliance plan etc
  • Advise business on the management of regulatory risks

Thematic Regulatory Awareness & Training  

  • Facilitate the provision of the operational AML/CFT training to all new sales hires related to Wealth Management to ensure basic competency
  • Facilitate ‘update / refresher' AML/CFT training to relevant personnel  supporting or are involved in the Wealth Investment process to ensure continued adherence to the established Compliance Policies & Guidelines / Regulatory Requirement
  • Ensure the on-going review & improvement to AML/CFT training materials and Supervisors' training materials including the timely incorporation of changes in AML/CFT guidelines / recent case studies


  • Ensure the follow-up and resolution of all AML/CFT related audit findings from internal & external review /supervisory bodies for GR.  
  • Work with group compliance and business segments to facilitate as necessary MIS / information gathering on AML/CFT related matters
  • Act as the key liaison between GC and business and act as a point of contact for business as on all AML/CFT related matters, where applicable 
  • Ensure the Advisory team provides timely dissemination of new guidelines and additional information or changes to AML/CFT policy / procedures to all AML Champions / Reps / staff

 Review & Testing   

  • Develop and establish the Business Compliance Review & Testing Framework to be carried out on identified units
  • Ensure the GR-RA Self-Assessment specialist team (GR-RA SA), undertake all periodic reviews, testings and assessments in accordance to the specified timelines and GR-RA established GR-AMLSelf-Assessment Framework.
  • Ensure gaps / systemic issues are identified and recommend appropriate corrective actions for business segments' consideration and implementation within a stipulated timeline.
  • Identify and assess money laundering, terrorist financing and sanction risk exposures for new business programs, and advise business on appropriate mitigating measures where applicable.
  • Escalate potential regulatory breaches, products or processes that pose significant ML/TF/Sanction risks; and ML/TF/Sanction issues in accordance with the escalation protocol
  • Conduct investigation into suspected ML/TF activities and where applicable, report suspicious activity to Group Compliance in accordance with the STR escalation protocol


  • Ensure all ‘critical' reporting are completed within the stipulated timeline e.g. Monthly High Risk Customers On-boarded Reporting to GC, High Risk Accounts Opened / Retained during OGR / Delisted accounts,  Overdue KYC reviews, etc

Role Requirements:

  • You should have at least 8 years work of relevant work experience, preferably gained in AML/CFT or in similar capacity
  • Team management and leadership experience will advantageous 
  • You should be able to work cross functionally within the bank, and also have great interpersonal skills to work with external parties
  • We are seeking a self-starter, someone who is motivated with a passion to learn and grow


Interested candidates can send their CV to joyce.lim@kaskal-executive.com

Regret only shortlisted candidates will be contacted.

Joyce Lim

Reg No. R1109191

EA License 15C7408