AML Consultant (High Net Worth)

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We believe in empowering every one of our people to find their better - in the work they do, the career they build, the life they live and the difference they make. So that together we can support even more people - including our own - to live Healthier, Longer, Better Lives.

If you believe in better, wed love to hear from you.

About the Role

As the senior member of the AML operations team, support the Lead, FCC, in ensuring the efficient operation of the AML programme and guiding a team of analysts to deliver quality results on a timely basis.

As the SME for EDD, provide the end-to-end support for the onboarding of high risk customers (HRC) from the high net worth (HNW) and offshore business segments which will include performing the relevant CDD, SOF, SOW collection and corroboration, EDD investigation and customer risk assessment on a timely basis.

Risk Assessment & Compliance:

• Conduct enhanced due diligence (EDD) on high-risk customers and complex cases.
• Liaise with internal stakeholders to ensure timely escalation of potential risks to senior management
• Work closely with the distribution channels and other support units (such as New Business) to coordinate the EDD case management and ensure relevant supporting documents address the risks assessed.
• Prepare Suspicious Activity Reports (SARs) in compliance with regulatory and internal requirements.
• Support the Lead, FCC, by reviewing and providing input on the investigations and assessments performed by junior analysts.

• Maintain accurate records of all EDD and correspondence in accordance with company policies and regulatory obligations.
• Support the Lead, FCC, in regular and ad-hoc reporting to senior management, Group Compliance, regulators and auditors and other stakeholders
• Prepare and present detailed findings, analysis, and recommendations to internal teams or regulators when necessary.

• Identify trends and inefficiencies in the AML operations processes and recommend improvements and participate the enhancement initiatives, including UAT, update of operational manuals
• Provide training, advisory and guidance to the relevant business units on the EDD requirements, especially on the SOF/ SOW corroboration requirements and proactively identify areas of improvements in relation to the area of independent assessment, risk mitigations and benchmarking
• Support the Lead, FCC, in implementation of new processes to address evolving AML risks and landscape.

• Mentor junior analysts and provide guidance on more complex investigations and cases.

• Contribute to training programs to ensure the teams knowledge and skills are continuously evolving in line with industry standards.
• Support the Lead, FCC, in monitoring the performance of the analysts and ensuring timelines are met

• Bachelors degree in Finance, Law, Business, or a related field (or equivalent experience).
• Certification in Anti-Money Laundering (e.g., CAMS, CFE, or other relevant certifications)

• Minimum of 5-7 years of experience in AML compliance, financial crime prevention, or a related field
• Experience in the insurance industry
• Experience in AML systems (e.g., Actimize, SAS, etc.)
• Experience in EDD reviews and KYC onboarding for HNW / offshore customers, including good understanding of the various issues and practical solutions of the SOF / SOW corroborations for high-risk clients.

Build a career with us as we help our customers and the community live Healthier, Longer, Better Lives.

You must provide all requested information, including Personal Data, to be considered for this career opportunity. Failure to provide such information may influence the processing and outcome of your application. You are responsible for ensuring that the information you submit is accurate and up-to-date.

Information :

• Company : AIA
• Position : AML Consultant (High Net Worth)
• Location : Singapore
• Country : SG