Review and roll-out Sanctions, AML / CFT and Fraud related policies, standards and guidelines, conduct gap analysis between local regulatory requirements and Group requirements when changes occur. Maintain Country Addendum to Group AML / CFT and Fraud policies and standards and provide relevant guidance on regulatory requirements in resolving gaps (where apparent), and report to relevant governance committee(s), as necessary
Ensure consistent interpretation and implementation of Sanctions, AML / CFT and Fraud Standards across BU / SU
Provide relevant technical expertise in interpreting Sanctions, AML / CFT and Fraud related issues and offer practical solutions and advisory support to address and mitigate Sanctions, AML / CFT and Fraud risk. Provide interpretation and recommendation on existing and new AML / CFT and Fraud laws and regulations
Assist in providing Sanctions, AML / CFT and Fraud related responses to queries from the local regulatory, internal audit and external auditors
Prepare Sanctions, AML / CFT and Fraud update in regular reporting and related forum
Develop appropriate and relevant material or conduct Sanctions, AML / CFT and Fraud training to BU / SU to equip them to identify potential sanctions risk and mitigate risk
Conduct Sanctions, AML / CFT and Fraud Compliance Testing and Semi-annual Compliance Self Assessment (SCSA) program and assurance periodically to ensure BU / SU to comply with regulatory requirements
Review of Cat A high risk case and macro fund flow
Maintain DBS TW high risk country list, Wolfsburg Questionnaire etc
Provide advisory on various products / initiatives. Such as New Product Approval, Outsourcing Risk Review, Risk Control Self Assessment (RCSA) process, Customer / Employee Journey and other ad-hoc initiatives/projects
Review of escalated Sanctions Review Case or Cease & Desist cases, Handling Payment Release / Rejected / Payment Resubmission & Code Tagging
