VP/Director - Compliance Monitoring Lead

The employer is from Finance sector. Develop Compliance QA monitoring program and framework on KYC, based on a risk based methodology (leveraging data analytics where possible) across all business units and locations. Perform regular compliance testing & quality checks on the KYC and FEC processes, including a focus on ensuring appropriate AML & Sanctions risk assessments by the Business & central processing hubs and Compliance/MLRO where applicable. Based on monitoring results, provide recommendations to better or improve implementation guidance for Business/MLRO on assessment of AML risks eg. PEP, Adverse news, Tax risk, Sanctions etc., as well as mitigation of red flags, and ensure that remediation steps are taken by the Business to address gaps in the risk assessments or monitoring outcomes. Provide feedback (&/or training or lessons learned) to Business & KYC processing analysts/alert handlers on key FEC focus areas, arising from the quality reviews. Provide regular reporting to Asia Management and Regional Compliance/MLRO on quality results of the Business & central processing hubs, including improvement actions. Scope of monitoring may expand into other Compliance policies in the future. Prior experience in interpretation and application of AML laws & regulations, in particular recent developments from FATF recommendations Knowledge and experience in Sanctions assessments & developments.‚Äč Ability to work independently in KYC and other AML monitoring and testing activities. The candidate must have excellent communication skills and ability to build rapport with the Business staff & KYC processing teams. Knowledge of Wholesale Banking products &/or FATCA/CRS will be an advantage.