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