At American Express, our culture is built on a 175-year history of innovation, shared values and Leadership Behaviors, and an unwavering commitment to back our customers, communities, and colleagues. As part of Team Amex, you'll experience this powerful backing with comprehensive support for your holistic well-being and many opportunities to learn new skills, develop as a leader, and grow your career.

Here, your voice and ideas matter, your work makes an impact, and together, you will help us define the future of American Express.

How will you make an impact in this role?

This position will be responsible in implementing and maintaining the Singapore (Anti-Money Laundering (“AML”)/ Counter Financing Terrorism (“CFT”) Compliance program to ensure it meets the Singapore AML/CFT regulatory requirements and expectations.  The Incumbent will support day to day AML activities which involves performing transaction monitoring investigations, filing of Suspicious Transaction Reports (“STRs”), Enhanced Due Diligence (“EDD”), AML projects and investigations.

This position will also be responsible for maintaining the effectiveness of regulatory compliance programs in Singapore, in line with Singapore regulatory requirements and expectations.  This position will include performing compliance risk assessments, developing Process Risk Self Assessments (“PRSA”) and maintaining the Independent Compliance Testing (“ICT”) program.

Achieving success in this position would require the person to possess an in-depth understanding of Singapore’s regulatory regimes & the pertinent regulatory requirements and their impact to the business operations of American Express, and to maintain strong relationships with the business groups and other key stakeholders within and outside of Singapore.    

Principal Accountabilities: 

•        Perform Transaction Monitoring alerts investigation and filing of STRs when necessary.

•        Perform customer EDD activities.

•        Follow-up on screening requirements and activities.

•        Develop AML policies and reports.

•        Provide AML advisory support to the Business.

•        Perform periodic compliance assessments against the regulatory requirements to ensure the adequacy of the compliance program.

•        On ICT, assist with the development of plans and test scripts, and oversee the testing performed by the Centre of Excellence – ICT team.

•        Support the development and testing of PRSAs.

Minimum Qualifications: 

•        Minimum 5 years of direct regulatory compliance or legal experience in Singapore. Professional certifications or Diplomas in compliance will be advantageous. 

•        Strong understanding of the Singapore regulatory (Monetary Authority of Singapore) requirements for retail consumer financial services, credit card business and payment services.  

•        Minimum 3 years of experience within the KYC/AML field will be advantageous 

•        Strong understanding of compliance testing and monitoring. Experience in Big Four audit firms preferred, as well as professional internal audit certifications.   

•        Excellent communication and presentation skills, verbal and writing, to be able to effectively develop regulatory policies & procedures and discuss with key stakeholders the pertinent regulatory requirements. 

•        Experience in working effectively in a globally-complex matrix organization across diverse business groups and product lines. 

We back you with benefits that support your holistic well-being so you can be and deliver your best. This means caring for you and your loved ones' physical, financial, and mental health, as well as providing the flexibility you need to thrive personally and professionally:

Competitive base salaries Bonus incentives Support for financial-well-being and retirement Comprehensive medical, dental, vision, life insurance, and disability benefits (depending on location) Flexible working model with hybrid, onsite or virtual arrangements depending on role and business need Generous paid parental leave policies (depending on your location) Free access to global on-site wellness centers staffed with nurses and doctors (depending on location) Free and confidential counseling support through our Healthy Minds program Career development and training opportunities

Offer of employment with American Express is conditioned upon the successful completion of a background verification check, subject to applicable laws and regulations.