Compliance Officer

Your team

The Pictet group is one of the world’s leading independent wealth and asset managers. Pictet has been present in Singapore for more than 30 years where it employs over 200 people.

The Compliance function is responsible for helping Pictet’s senior management manage the compliance risks faced by Pictet. This role will focus on the risks faced by Pictet’s Singapore bank, Banque Pictet & Cie SA (BPSA) Singapore Branch.

The AML/CFT Compliance Officer is part of the team that oversees the Bank’s financial crime framework, focused primarily on AML/CFT and sanctions compliance. The incumbent performs systematic AML/CFT reviews on high-risk clients before onboarding and subsequent periodic reviews, reviews alerts/issues escalated by first-line functions and reports suspicions of criminal or sanctioned activity, and provides advice on AML/CFT and sanctions management. . The officer monitors changes that may impact the business, working with business and support functions to ensure that the Bank complies with regulatory obligations and Group standards in the financial crime area. The role will report to the Compliance AML Lead.

Your role

Key responsibilities

-Investigate relevant alerts and suspicious activities, and perform filing of STR to local authorities.
-Perform ex-ante AML reviews on high-risk client onboarding and periodic reviews.
-Review escalated alerts from first-line transaction monitoring, payment filtering and ongoing name screening controls.
-Support external requests include production orders, due diligence queries and any relevant regulatory reporting (e.g. Remote Gambling Act reporting).
-Act as an expert advisor to business and support functions on compliance and regulatory matters related to AML/CFT and international sanctions management.
-Perform an annual AML/CFT Enterprise-wide Risk Assessment (EWRA) identifying risks and framework/control gaps to the attention of management and Group -Compliance.
-Assist with periodical risk-based design and operating effectiveness testing of first-line AML/CFT controls, including on lower-risk clients.
-Represent Compliance as needed on financial crime related projects and initiatives.
-Assist in the resolution of Compliance-owned management action plans from audits, inspections and Group reviews.
-Produce relevant management information reports to board and senior management on the governance of financial crime risks.
-Build and maintain a proactive and constructive relationship with business and functional stakeholders to ensure appropriate controls are in place for financial crime risk identification and management.
-Keep abreast and understand the impact of new financial crime regulations and where needed, represent the Bank in industry consultations.
-Support the Singapore AML Lead on all AML/CFT matters and any other duties as assigned.

Your profile

-Bachelor Degree in law, banking or business.
-Working knowledge of the CDSA, AML/CFT typologies, relevant MAS Regulations and Guidance on AML/CFT and the international sanctions framework.
-Working experience of Singapore regulatory landscape and expectations needed. Familiarity with regulations and guidance in an AML, Financial crime Compliance role.
-6-10 years of relevant experience in AML/CFT compliance particularly on investigations.
-Prior experience in a similar role in a Private Bank will be advantageous.
-Highly effective verbal and written communication and organizational skills.

-Ability to multi-task competing priorities while maintaining a high degree of accuracy and attention to detail.
-Capable of working with cross-functional and senior stakeholders.
-Sense of accountability, good time management and ability to meet tight deadlines.

Note

Diversity & Inclusion

Pictet is an equal opportunity employer and is committed to creating a diverse environment. We respect all individuals and seek their inclusion in the workplace.