VP, Anti-Financial Crimes Assurance

This is a VP position within the Anti-Financial Crime (AFC) Assurance team, which is part of the AFC function within Group Compliance.  The team performs control testing and assurance work over AFC areas, including AML, Sanctions, & Fraud, covering all Business lines, Group Technology and Operations, as well as Group Compliance.  

The role-holder is expected to contribute to the maintenance of the Bank's AFC control environment through being part of a team that performs regular assurance exercises.  

A key requirement for the role-holder is to be able to perform data analytical procedures to support the annual risk assessment and annual plan development for the Assurance function. The role-holder is also expected to design and execute analytical procedures for Assurance review planning purposes, e.g. data analysis using a range of tools (e.g. Microsoft Excel, Tableau, SQL) to identify key trends or sample selection; perform query to extract data from data lake.

The role-holder will also be required to participate in review fieldwork e.g., through sampling of KYC files or other exhibits such as Transaction Monitoring alerts and raise high quality findings and commentaries.  

The role reports to the Team Manager, GC-AFC Assurance, based in Singapore, covering the Bank’s Singapore business units and support units. 

Key responsibilities

• Plan and execute assurance tasks within the scope of Anti-Financial Crime, as assigned by the Head of AFC Assurance. A key task would include performing data analysis to fulfill assigned tasks, such as – identifying key trends and hot spots to enable meaningful assurance reviews, exploring opportunities to investigate exceptions more sustainably with the help of analytics, and recommending efficiencies into Assurance work processes.

• Complete assigned assurance engagements on time, including discussion of identified issues with reviewing units; write concisely on the review observations, ensuring that work papers of the assigned reviews are in good order. Fieldwork is to be undertaken in accordance with the established AFC Assurance Framework, methodologies and standards, so as to deliver consistent and high-quality issues/ reports and enhance the bank’s AFC control standards.

• Gather data requirements from the AFC Assurance team and liaise with the dedicated data analytics team in the wider Group Compliance function on requests relating to more complex data analytical procedures.

• Follow up and validate issues identified from the assurance engagements.  Prepare adequate documentation to support any issue closure for audit trail purposes.

• Support the AFC Assurance Team in the preparation of management reports and information for Senior Management and relevant committees, summarizing key activities of the AFC Assurance Team and insights from assurance engagements.

• Participate in the AFC Assurance Team’s strategic projects and initiatives as and when assigned by the Head of AFC Assurance.

Requirements

• Bachelor’s degree holder or its equivalent
• Prior experience and knowledge in data analytics, database query and familiarity with tools such as SQL, Tableau, other visualisation tools, etc.
• Experience in Financial Services assurance, compliance testing or audit would be an advantage
• Knowledge of Anti-Financial Crime processes and controls within a Financial Services context is preferred
• Good understanding of the business divisions and activities within a full-service bank
• Project management skills and familiarity with project management tools
• Communication, interpersonal and presentation skills
• Judgement and decision-making skills