Description

Overview of Division/Department

Our Internal Audit Department (IAD) Asia-Pacific Office (IADAP) in Singapore is responsible for providing independent assessments of various risk and control environment of departments,
branches and subsidiaries, by conducting audits, credit review and continuous monitoring. IAD acts as an
independent consulting function, designed to add value, improve the Bank's operations and sound credit and other various risk management functions. Currently IADAP is responsible for the branches and subsidiaries in Singapore, Australia, Thailand, Myanmar, Cambodia, Malaysia, Indonesia, the Philippines, Vietnam, India, Hong Kong, Taiwan and South Korea.

Company Profile
MIZUHO BANK, LTD., SINGAPORE BRANCH (THE BRANCH) OPERATES UNDER A FULL BANK LICENCE IN SINGAPORE UNDER THE SUPERVISION OF THE MONETARY AUTHORITY OF SINGAPORE (MAS), AND IS A BRANCH OF MIZUHO BANK, LTD. (HEAD OFFICE), WHICH IS INCORPORATED IN JAPAN. THE BRANCH'S ACTIVITIES ARE FOCUSED MAINLY ON CORPORATE BANKING, PROJECT FINANCE, TREASURY, TRANSACTION BANKING AS WELL AS TRADE AND STRUCTURED FINANCE.

Job Responsibilities
Your key roles & responsibilities include:

• Lead and conduct end-to-end audits of AML business processes, including customer due diligence (CDD/KYC), transaction monitoring, suspicious activity reporting (SAR/STR), sanctions screening, and correspondent banking.
• Develop risk-based audit plans and programs tailored to AML business operations.
• Perform fieldwork, including interviews, process walkthroughs, and control testing, to assess the design and operating effectiveness of AML controls.
• Evaluate the bank's adherence to AML regulations and international standards (such as FATF recommendations).
• Review the implementation and effectiveness of the bank's AML policies, procedures, and risk management framework.
• Test the adequacy of controls over customer onboarding, periodic reviews, enhanced due diligence (EDD), and high-risk customer management.
• Assess the effectiveness of transaction monitoring systems, alert handling, and escalation procedures.
• Evaluate the quality and timeliness of suspicious transaction investigations and regulatory reporting.
• Prepare detailed audit reports summarizing findings, risk implications, and practical recommendations for remediation.
• Present audit results to senior management and relevant committees, and follow up on the implementation of corrective actions.
• Collaborate with compliance, risk management, IT, and business units to understand processes and share best practices.
• Advise business lines on AML risk and control issues, and contribute to the development of training and awareness initiatives.
• Monitor changes in AML regulations and emerging risks relevant to the bank's business activities.
• Provide guidance on regulatory expectations and industry best practices for AML compliance.

Job Requirements

• Bachelor's degree in Finance, Business, Law, or a related field.
• Professional certifications such as CAMS (Certified Anti-Money Laundering Specialist), CFE (Certified Fraud Examiner) are highly desirable.
• Minimum 8 years of experience in AML audit, compliance, or internal audit within a financial institution, preferably a bank.
• Strong knowledge of AML regulations and international AML standards.
• Experience with AML business processes, risk assessment, and control testing.
• Excellent analytical, organizational, and communication skills.
• Proficiency in English is required.
• Ability to work independently and manage multiple priorities.
• Strong report writing and presentation skills.