Compliance Officer

Excellent opportunity to join a well-reputed bank that is looking to hire a Compliance Officer for its Singapore team. 

Job Responsibilities:

• Provide advisory as well as 2nd level review of KYC/CDD corporate structure (including funds/ trusts)
• Perform quality assurance review on KYC/CDD reviews and quality assurance review on Transactions
• Perform periodic review of parameters and threshold settings of Customer Due Diligence risk rating / transaction monitoring systems and name screening system.
• Assist in the preparation and reporting of FATCA/CRS to IRAS
• Assists in the preparation and review of Enterprise-Wide AML/CFT Risk Assessment
• Policy and procedural enhancements, perform gap analysis of MAS Regulations / Best practice papers
• Assist in the maintenance of sanctions-related regulations (assess impact of revised / new sanctions regulations)
• Conduct training for staff including induction training for new hires e.g. AML – KYC / transactions monitoring
• Preparation of AML reports for management and Head Office reporting (monthly and quarterly
• Undertakes adhoc projects / handles internal requests to liaise with IT department regarding system issues and enhancement
• Other ad hoc duties as and when required e.g. review transaction monitoring alerts, review of AML reports, preparation and/or submission of STRs, AML investigation, extract of documents for audit review, provide statistics, AML survey
• Identify opportunities for process improvements and any other roles where the Bank is required of you
• Maintain a current understanding of money laundering and terrorist financing, sanctions issues including policies, procedures, regulations, industry best practices, criminal typologies and developing trends

The Successful Applicant:

• Minimum total work experience of 5 - 7 years (financial services), which should include minimum of 5 years’ experience in the KYC/CDD reviews (corporate, trust and fund structure) including transaction monitoring / investigation area, familiar with sanctions together with project management / system implementation experience.
• Relevant tertiary qualifications, degree in Banking / Finance / Computer Science / Law / Accounting / Business / Economics and related academic qualification and relevant Certification from ACAMS or ICA 
• Sound knowledge of MAS regulations (MAS Notice 626, Guidelines to MAS Notice 626 and best practice papers), Sanctions, investigation and Anti-Money Laundering regulations
• Strong proficiency in Microsoft suite especially Excel (i.e., VLOOKUP and pivot tables)
• Strong analytical skills with an investigative mindset
• Strong written and verbal communication skills
• Proficient in interpersonal and people management skills.

Please reach out to Suhani Malhotra at [email protected] for a confidential discussion.

Only shortlisted candidates will be responded to, therefore if you do not receive a response within 14 days please accept this as notification that you have not been shortlisted.

EA Licence No : 23S2077

Registration No : R1770166