AML & Financial Crime Compliance

Prudential’s purpose is to be partners for every life and protectors for every future. Our purpose encourages everything we do by creating a culture in which diversity is celebrated and inclusion assured, for our people, customers, and partners. We provide a platform for our people to do their best work and make an impact to the business, and we support our people’s career ambitions. We pledge to make Prudential a place where you can Connect, Grow, and Succeed.

In this role, you will support the Company in meeting its regulatory and regional obligations on Anti-Money Laundering/Sanctions (AML) and Anti-Bribery & Corruption (ABC). You will also contribute to build a framework that commensurate with the business model of the Company. You will focus on executing the day-to-day AML activities and strengthening the AML & ABC frameworks.

Job Description:

• Establish, with regular review, the AML and ABC framework, taking into consideration regulatory requirements, Group standards and operating environment, including the different types of risks such as customer, product and geographical location.

• Exercise delegated MLRO authority to approve high risk AML/CFT cases and provide oversight on non high-risk cases.

• Maintain strong governance over AML investigations, documentation, audit trails and ensure proper escalation of suspicious activities.

• Oversee transaction monitoring and screening framework, including quality assurance or clearing of complex alerts.

• Lead and deliver AML-related projects and initiatives, including automation and system enhancements.

• Drive continuous process improvements to enhance efficiency and control effectiveness.

• Conduct AML/CFT risk assessments for new products and business initiatives.

• Represent Compliance in governance forums, committees and key projects.

• Develop and deliver AML/CFT training for the company.

• Promoting a strong AML and ABC risk awareness and culture within the company.

• Perform annual review of the enterprise-wide AML & ABC risk assessments. 

• Prepare quarterly MI reporting for AML and ABC for risk committee meeting.

• Oversee and manage periodic customer risk review.

• Actively identify and manage key AML & ABC controls: screening, enhanced due diligence, transaction monitoring, gifts and hospitality controls 

• Support in reporting and presenting findings, as required, to local management, Group office and Board Audit Committee.

• Ensure adherence to and provide advice and guidance to senior management, business units on new products, processes and/or initiatives to identify financial crime risks and recommend proposed risk mitigants 

• Collaborate with other relevant business functions or units on all AML and ABC related matters.

• Manage audit engagements and regulatory enquiries.

• Support management meetings by preparing agendas, taking minutes and tracking follow-ups to ensure timely action.

• Support ad hoc tasks as required by the Head of Risk and Compliance.

 

Who we are looking for: 

• 10-12 years of experience in an AML role, preferably having dealt with AML requirements for retail, corporate, high net worth / private banking customers. 

• Analytical and attentive to details 

• Excellent understanding of AML requirements 

• Strong stakeholder management and influence

• Degree/diploma in any discipline 

• AML certifications preferred (e.g. ACAMS, ICA)

 

Prudential is an equal opportunity employer. We provide equality of opportunity of benefits for all who apply and who perform work for our organisation irrespective of sex, race, age, ethnic origin, educational, social and cultural background, marital status, pregnancy and maternity, religion or belief, disability or part-time / fixed-term work, or any other status protected by applicable law. We encourage the same standards from our recruitment and third-party suppliers taking into account the context of grade, job and location. We also allow for reasonable adjustments to support people with individual physical or mental health requirements.