Analyse existing Bank’s credit systems by performing gap analysis and provide solutions or areas of improvement to meet Bank’s business operational, functional and control requirements.
Review the on-boarding of new high-risk client and the retention of existing client relationships, to ensure compliance with the Bank’s policies and procedures, and with MAS 626 Notices and Guidelines, and to mitigate ML/TF/PF risks as well as reputational risk for the Bank.
Perform 2nd level review and analysis to determine any potential AML/CFT concerns and provide approval for escalations of trade transactions, remittances including cheques/ cash to Compliance. Document the risk assessment and the risk mitigations that support the advisory decisions (pre transaction monitoring, escalation from Operationsto Compliance).