AML & Financial Crime Compliance

About the role

Prudential is looking for someone to support the company in meeting its regulatory and regional obligations on Anti-Money Laundering/Sanctions (AML) and Anti-Bribery & Corruption (ABC). The role focuses on executing day-to-day AML activities and strengthening the AML and ABC frameworks, while contributing to a framework that fits the business model.

Key responsibilities

• Establish and regularly review the AML and ABC framework, taking into account regulatory requirements, Group standards and the operating environment, including customer, product and geographical risks.
• Exercise delegated MLRO authority to approve high-risk AML/CFT cases and oversee non-high-risk ones.
• Maintain governance over AML investigations, documentation and audit trails, and ensure proper escalation of suspicious activity.
• Oversee the transaction monitoring and screening framework, including quality assurance or clearing of complex alerts.
• Lead AML-related projects and initiatives, including automation and system enhancements, and drive continuous process improvements.
• Conduct AML/CFT risk assessments for new products and business initiatives, and perform an annual review of enterprise-wide risk assessments.
• Represent Compliance in governance forums, committees and key projects, and prepare quarterly MI reporting for the risk committee.
• Develop and deliver AML/CFT training and promote a strong risk awareness culture.
• Manage periodic customer risk reviews and key controls such as screening, enhanced due diligence, transaction monitoring, and gifts and hospitality controls.
• Advise senior management and business units on financial crime risks and recommended mitigants, and support reporting to local management, the Group office and the Board Audit Committee.
• Manage audit engagements and regulatory enquiries, support management meetings, and handle ad hoc tasks for the Head of Risk and Compliance.

Required profile

• 10-12 years of experience in an AML role, preferably covering retail, corporate and high net worth/private banking customers.
• Degree or diploma in any discipline.
• Analytical, detail-oriented, with excellent understanding of AML requirements and strong stakeholder management and influence.
• AML certifications such as ACAMS or ICA are preferred.