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Functional (job responsibilities)

Financial Crimes Compliance Standards

● To develop a robust Financial Crimes Compliance (“FCC”) function in HL Bank in line with the Hong Leong Bank Berhad/Hong Leong Financial Group and HL Bank AML/CFT Management Policy including applicable laws and regulations

● To develop in co-ordination with all business units and/or operations (where relevant) an appropriate and integrated framework of FCC policies, SOPs, procedures and standards, to manage the Bank’s AML risk

● To promote a HL Bank culture of compliance centred on awareness and understanding of FCC risks and responsibilities consistent with expectations of the Board and regulatory authorities

● To develop FCC orientation and training programs for all staff and Senior Management level staff

● To develop and maintain professional and wholistic regulatory relationships with regulatory authorities with jurisdiction over HL Bank in Singapore which ensures, amongst others, the appropriate level of regulatory supervision and engagement

● To provide branchwide support on regulatory consultations, interpretation of relevant laws and regulations, horizon risk

● To assist and support Country Head of Compliance & Legal in enhancing, updating and standardising FCC and Risk Assessment Methodologies and Management Information, facilitating the Senior Management in establishing FCC Risk Appetite, decision making, oversight and management of FCC Risks

● To collaborate with relevant businesses on financial crime issues across client segments and client coverage models

● To ensure and maintain FCC independence and objectivity. AML Regulatory Compliance & internal Reporting

● Perform tracking and recording of new AML regulations / regulatory updates / consultation papers daily.

● Identify new and revised local and BNM regulatory requirements and assess their applicability to HLBS and Head Office (“HO”).

● Communicate relevant new and updated AML regulatory requirements including FATF recommendations to impacted departments on a timely basis.

● Communicate relevant consultation papers to impacted departments, and consolidate feedback for submission to MAS.

● Disseminate weekly AML regulatory updates to the branch.

● Develop monthly AML Regulatory Reports for Country Head of Compliance & Legal’s review and approval prior to dissemination to Head Office and Head of Departments (“HOD”) on a timely and accurate basis. This includes the HOD deck, Risk and Compliance Governance Committee (“RCGC”) deck, IBRMC deck, Head Office Regulatory Report, and Head Office RCGC deck.

● Track and follow up on the timely implementation of new and revised relevant regulatory requirements

● Record status of implementation of applicable new regulations / regulatory updates. 1 of 2 Private & Confidential AML Compliance Testing

● Perform independent compliance testing and verification to ensure adequate implementation of requirements and processes. AML Compliance Advisory

● Advice and collaborate with all business units and Risk in the development of internal controls

● Assist the business and support units in identifying gaps in the bank’s processes against regulatory requirements, and develop solutions to close the gaps AML/CFT

● Perform ongoing AML risk monitoring including but not limited to the review, analysis and disposal of alerts in accordance with the bank's processes, as well as timely escalation of alerts along with relevant information and due diligence.

● Work with the relevant stakeholders to review and recommend segmentation, rule and scoring changes, and ensure they are tested appropriately prior to implementation

● Able to analyse the latest AML typologies and trends and ensure that the existing AML framework continues to be effective in mitigating these new risks.

● Able to provide guidance to the stakeholders on AML typologies.

● Review unusual transactions and/or activities with an analytical mind and be firm (with strong reasoning) and assertive when being challenged.

● Reporting of approved Suspicious Transactions Reports by Head of Compliance to Suspicious Transaction Reporting Office of the Commercial Affairs Department in the Singapore Police Force for the bank.

● Covering the approval for TT and also Fund Transfers of High Risk customers including large cash deposits

● Provide AML/CFT related training to HL Bank staff when arises.

● Upload entities / names from local authorities such as Commercial Affairs Department, Corrupt Practice Investigation Bureau and Singapore Police Force into Safewatch. Risk and Compliance Self-Assessment (“RCSA”)

● Assist in the performance of AML related RCSA Control Testing for the Compliance department. Compliance Coordinator for the HL Bank RCGC

● Develop RCGC meeting material. Compliance Support on Bank Initiatives

● Provide AML Compliance support on projects and initiatives, providing guidance from a regulatory perspective.

● Review AML SOPs and any other relevant materials produced by the Bank to ensure that they comply with the relevant regulatory requirements.

● Review and ensure that submitted CRS forms are duly completed.

Realise your full potential at Hong Leong Bank by applying now.