Head of AML Transaction Monitoring

LGT is the largest Private Banking and Asset Management group in the world to be owned by an entrepreneurial family. As the family office of the Princely House of Liechtenstein, we have years of experience in the management of sizeable sums of assets.
Job Description
Monitoring and Surveillance
Advise business, periodic client review team and other relevant stakeholders on monitoring and surveillance related queries
Participate in the design and implementation of policies, procedures and processes relating to monitoring and surveillance
Perform periodic reviews on high risk clients, including PEPs, and ensure compliance with relevant Group directives and local AML regulations, policy and procedures
Perform quality assurance review on low and medium risk client as part of the bank’s periodic review process
Review relevant account changes such as purpose of account, source of funds, source of wealth, authorised persons etc
Review and address alerts generated by the bank’s transaction monitoring system to ensure that these are appropriately addressed by the relevant parties, including providing appropriate supporting documents where necessary
Review and address alerts generated by the bank’s name screening system
Address blocking and unblocking issues within the bank’s blocking framework
Perform checks for account closure prior to account closing
Assist to prepare response to queries from counterparties and/or regulatory authorities
Conduct or assist in investigation work, including filing of STRs
Conduct or assist in client complaint investigations
Manage and guide the Monitoring and Surveillance team on day-to-day matters to ensure operational consistency and efficiency
Others
Advise on sanctions risks relating to private banking clients, beneficial owners and transactions
Review potential sanctions screening matches and escalations and support related investigations
Perform tasks per the Compliance Monitoring Plan
Support and provide inputs to credit applications
Support and provide inputs to documentation for Major and Complex Clients
Handle internal and external requests by Audit, Head Office or regulatory bodies
Review and update policies, procedures and processes
Support Compliance related training needs for the bank
Provide support and input to the bank’s overall AML framework to ensure the bank is able to comply with local laws, regulations and regulatory expectations
Monitor new regulatory developments
Provide support and input to Compliance related projects where necessary
Requirements
Minimum 10 years of experience in the Compliance/Risk control functions within a Private Banking set up specialised in the AML/CDD functions; 10 years of managerial/supervisor experience managing a team of more than 10 team members.
Thorough knowledge of AML regulatory requirements
Thorough record keeping abilities with attention to details
Good communication and interpersonal skills to manage internal and external stakeholders.
Contact Information
We are looking forward to receiving your online application.
For any further information please do not hesitate to contact us!
LGT Bank (Singapore) Ltd.
Human Resources
En Hui Teo