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Local Compliance-Anti Money Laundering Officer

Date: Sep 27, 2021

Location: Singapore, SG

Company: Intesa Sanpaolo Group

Intesa Sanpaolo is the banking group leader in Italy. Assisting more than 14,6 milion of retail customers through a network of 5360 branches, it significantly supports the development of Companies and gives an important sustain to the country's growth. The Group has a selected retail banking presence in Central and Eastern Europe, the Middle East and North Africa, with approximately 1,000 branches and 7.2 million customers in 12 countries. Intesa Sanpaolo is also present in 25 countries in support of its corporate customers’ cross-border business. It is looking for new qualify profiles who want to face demanding and challenging career path with the following requirements:

Scope and Purpose


•    Managing the relation with the Supervisory Authorities, playing a proactive contact role in communicating with them as well as internal and external auditors;
•    Managing Supervisory Authorities' inspections and visits;
•    Managing non-compliance events, providing assistance and cooperation to the concerned structures, ensuring the identification and implementation of interventions to be taken to bridge any organizational and/or procedural gaps;
•    Managing the reporting information flows, concerning compliance and AML related issues, required by Local Authorities; 
•    Managing reporting information and risk assessment flows towards Head Office Compliance and AML Dept;
•    Perform the daily compliance activities;
•    Assist on the analysis of local and applicable international rules, as well the Bank internal guidelines applicable to the branch;
•    Assist in assessing the impact of internal and external rules and regulations on branch's processes and procedures; 
•    Support in the prior compliance assessment of all innovative projects/products;
•    Support the Compliance Department in keeping the General Manager and Head Office Compliance abreast on the evolution of Singapore regulation;
•    Periodic review of existing policies and procedures of the Branches to ensure they are effective and up to date and compliant with current Singapore and other Supervisory Regulations and guidelines;
•    Roll-out of Branch policies and procedures to Branch staff and provide training as necessary in support of awareness;
•    Preparation and completion of any local Regulatory and Exchange reporting;
•    Perform monitoring on remediation action and timely update and report Head Office Compliance and AML Dept;
•    Perform ex-post verifications of adequacy and actual application of internal processes and procedures;
•    Advising in all matters relevant from a compliance risk perspective;
•    Perform operational activities as regards the keeping of registers (insider list, conflict of interest, etc.) and preparing reports and communications;
•    Execute the day to day Financial Crime tasks including: 
o    AML & Sanctions Investigations and monitoring
o    Review of KYC/CDD/EDD files (including accompanying notes)
o    Analysis and reporting of financial crime related data;
•    Review/update of Financial Crime Policies to ensure regulatory requirements continue to be met and inconsistencies are addressed
•    Produce the required Financial Crime reports;
•    Produce external reports to the local FIU;
•    Arrange appropriate training for Branch's staff in relation to compliance and financial crime topics.

Required Experience

• Minimum ten years of Compliance/AML/legal managerial experience either in banks/financial institutions/local regulators; • Strong knowledge and experience in managing local regulatory requirements; • Extensive experience in conducting risk assessments; • Experience in AML Transaction Monitoring and Sanctions screening within a banking environment. 

Competencies Required

• University degree in law, finance and/or economics; • English fluent (both written and spoken), Italian is an advantage; • Deep understanding of the Singapore regulatory environment and expectations; • Knowledge of international Compliance regulations and international practices; • Comprehensive understanding of company policies and procedures in place to ensure compliance; • Ability to research laws and regulations and provide advice on the applicability within a given environment; • Deep understanding of the investment management/financial business; • Excellent detailed-oriented skill set; • Knowledge of financial institutions, correspondent banks and of trade finance products; • Positive attitude towards colleagues and the organisation to ensure seamless communication; • Familiarity with various corporate structures e.g. Funds, Trusts, SPVs, etc is an advantage; • Good knowledge of local and international Economic Sanctions laws and regulations; • Good knowledge of AML/CTF local and EU international, regulations and requirements; • Knowledge of Anti-Bribery and corruption regulations; • Strong analytical and problem-solving capabilities; • Ability to synthetize large volume of information and identify key issues; • Ability to produce high quality work to meet challenging deadlines; • Excellent organisational skills; • Ability to work under pressure; • Good command of Microsoft Office. 


Everyone is an asset for our Group and that person could be you! Check out our job opportunities, apply and join our team!