Senior Associate - AML

About Waystone  

Waystone is a leading asset-servicing solutions provider of institutional governance, administration, risk and compliance services to financial institutions. With over 25 years’ experience and a comprehensive range of specialist services to its name, Waystone helps our clients structure, operate and grow through our expertise, innovation and digitisation, backed by the operational scale to support global expansion.

Summary: 

We are seeking an experienced Senior Associate – AML Compliance to support the delivery and management of AML/CFT projects for regulated financial services clients in Singapore.
The role will work closely with the Singapore Compliance team, and may coordinate with AML resources based overseas in other Waystone offices to deliver client engagements. The successful candidate will be responsible for managing projects from day-to-day planning through delivery, ensuring work is completed accurately, efficiently and in accordance with applicable Singapore regulatory requirements and client expectations.
The role will cover a broad range of AML activities, including client and investor onboarding, CDD/EDD, sanctions and PEP screening, AML risk assessments, periodic reviews, transaction monitoring and remediation projects.
Candidates should have relevant experience within the Singapore financial services sector, ideally supporting asset managers, fund managers or other MAS-regulated financial institutions.    

ESSENTIAL DUTIES AND RESPONSIBILITIES
Key Responsibilities
•    Manage day-to-day delivery of AML/CFT projects for regulated financial services clients.
•    Coordinate project activities across the Singapore team and, where applicable, offshore AML resources.
•    Plan and allocate work, monitor project progress and ensure agreed timelines and deliverables are met.
•    Review work completed by junior or offshore team members to ensure quality, consistency and compliance with client and regulatory requirements.
•    Act as a key day-to-day contact for clients on AML project delivery, including providing progress updates and resolving operational issues.
•    Identify issues, exceptions and higher-risk cases and escalate these appropriately to senior members of the Singapore Compliance team.
•    Conduct customer due diligence ("CDD"), enhanced due diligence ("EDD") and periodic reviews for corporate and individual clients.
•    Assess and document AML/CFT risks associated with clients, investors, transactions and business relationships.
•    Review customer and investor onboarding documentation and assess completeness against relevant AML/KYC requirements.
•    Review source of wealth ("SOW") and source of funds ("SOF") information and supporting documentation.
•    Perform sanctions, adverse media and politically exposed person ("PEP") screening.
•    Investigate and escalate unusual or suspicious activities and assist with suspicious transaction reporting where required.
•    Support AML remediation and back-book review exercises, including large-scale KYC refresh and periodic review projects.
•    Assist with escalation and documentation of suspicious activity and potential suspicious transaction reporting matters where required.
•    Maintain clear, accurate and appropriately documented AML/KYC records and audit trails.
•    Assist in the development and enhancement of AML/CFT policies, procedures and controls.
•    Monitor regulatory developments and assess their impact on the business.
•    Provide AML training and guidance to relevant stakeholders.
•    Support internal audits, compliance reviews and regulatory inspections.

REQUIREMENTS
To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
•    Bachelor's degree in Law, Finance, Accounting, Business, Compliance or a related discipline.
•    4-6 years of AML/KYC, financial crime, regulatory compliance or risk management experience.
•    Strong understanding of AML/CFT regulations, sanctions requirements and risk-based approaches.
•    Familiarity with MAS AML/CFT requirements and financial services regulations preferred
•    Excellent analytical, investigation and report-writing skills.
•    Strong attention to detail and ability to manage competing priorities.
•    Effective communication and stakeholder management skills.