FCC Director, Tax Evasion Risk Framework

S$10-14k pm
08 Mar 2019

FCC Director

About the Client:

My client, a leading international bank is looking for a FCC Director. It is a fast filling position with good pay structure; perfect move to move your banking career to the next level.

This role is to support the implementation of the Tax Evasion Risk Framework across the Bank (predominantly focusing on CB and CIB segments).

Role Responsibilities:

Risk management, governance & infrastructure

  • Ensure that the Group's risk management framework is adequate to identify, assess and manage the risks of laundering the proceeds of tax evasion
  • Equip relevant FCC areas with tax knowledge and awareness required to perform their roles in managing AML risks
  • Support the enhancement of existing AML on-boarding controls for tax evasion risk (e.g. oneCDD, tax questionnaires)
  • Provide tax expertise in relation to cases and investigations involving clients' tax evasion risks
  • Help develop and deliver a scalable and effective communication and training program directed at key functions, businesses (e.g. FCC, Compliance , RMs, Product Teams) and senior management stakeholders
  • Support the raising of awareness of tax evasion risks across the organization
  • Support the design of surveillance processes so that systems and people are better equipped to identify the laundering of tax evasion
  • Work with Group Conduct on instituting tax evasion conduct-related controls in relevant business processes as well as in the bank's Supervisory Framework

Strategic/Event driven

  • Assist in developing a proactive framework to respond to any money laundering risks that may arise or be identified through the occurrence of tax amnesties and other events (e.g. Panama Papers) to facilitate efficient management of these to the extent these impact bank
  • Provide subject matter expertise on tax to support relevant teams in undertaking strategic reviews of high-risk businesses, products and geographies to scan for current and emerging risks
  • Help maintaining productive relationships with law enforcement bodies and regulators and actively participate in industry forums whilst setting and communicating advocacy approach across the bank
  • Assist in the automation of processes to support the identification and management of the risks of laundering the proceeds of tax evasion (e.g. tax typologies, red flags)


  • A corporate tax expert with 10+ years experience in financial services (Emerging Markets, Africa and China experience preferred)
  • An expert understanding of tax issues impacting banking products and structures
  • Solid tax risk management background and experience in instituting controls in global banking businesses
  • A strong Compliance mindset and ability to influence senior stakeholders
  • Solid stakeholder management skills, able to distil complex tax matters succinctly and communicate effectively to non-tax senior stakeholders
  • Strong core values and ethics
  • A self-starter and outcomes-driven individual that can work with minimal supervision
  • Legal and/or accounting qualifications required. Advanced degree in Tax preferred (e.g. Master of Tax)

If you're interested in this role, please send your updated CV (word format) to smalhotra@morganmckinley.com.sg for a confidential discussion.

Referrals are greatly appreciated.

Morgan McKinley Pte Ltd

EA Licence No: 11C5502

Registration No: R1770166

Registration Name: Suhani Malhotra

Suhani Malhotra - R1770166's picture
Consultant | Corporate Governance Contracting
Singapore +65 6818 3174 | smalhotra@morganmckinley.com.sg