Head of Compliance

Role Description

Covers all aspects relating to the firm’s Compliance & Risk related matters. Member of extended Management of the firm.

Responsibilities:

• Reviews and approves/rejects CDD & KYC for new client/Ambassador/Introducer/Counterparts on-boarding before submission to COO/CEO for senior management approval;
• Works closely with Partners and Associates to facilitate the collection for CDD/KYC data and other relevant documents required for account opening with the respective custodian bank;
• Conducts CDD/KYC reviews on existing clients/Ambassadors/Introducers through periodic reviews (i.e. annually, every two years, depending on risk classification of client and/or internal policy for Ambassador/Introducer);
• Ensures evidence of client’s identity and other relevant documents are in order and duly stored in CRM/client files and maintained accordingly;
• Performs ongoing monitoring for clients’ accounts, incl. screenings
• Manages compliance due diligence reviews on clients’ accounts
• Reviews and approves/rejects CDD & KYC for onboarding/periodic review of Custodian Banks;
• Onboarding/Reviews and approval/reject for Investments with 3rd Parties;
• Review & maintenance of MAS Outsourcing Register and its related;
• Bi-weekly AML transaction monitoring submitted by Front Office;
• Implements sustainable strategy relating to the firm’s compliance policies and guidelines (i.e. risk controls and assessment)
• Coordinates annual review of firm’s policies and guidelines relating to AML, CFT, Higher Tax Risk assessment
• Re-engineers current firm’s policies and guidelines to ensure adherence to the updates by the regulators
• Updates MAS Circular Depository and reminds staff acknowledgement
• Responsible for SONAR as administrator (filing of STRs, etc.)
• Conduct staff dealing spot checks every quarter;
• Acts as key contact person for liaison with the regulatory authorities and internal auditors