Senior Compliance Officer (Banking)

Senior Compliance Officer (Banking)

Job Responsibilities:

• Assist in monitoring and assessing Compliance program effectiveness at country or line of business level (eg Country Compliance Report, Compliance Self Assessment and Stoplight Report).
• Conduct KYC reviews for new and existing accounts and Bank KYC reviews in accordance with AML/CFT/Sanction/Tax framework and ensure they are submitted punctually by CIB department. Check High-Risk rating accounts submitted by CIB Department and prepare documentations for submission to GRC.To follow-up with CIB on GRC queries on the KYC reviews. To maintain record and monitor GRC approval and conditional approval on the KYC reviews and forward the approval to RM accordingly. 
• Perform related enquiries and preparation of documents/letters for submission to relevant authorities ie. Commercial Affairs Department, Inland Revenue Authority etc and perform other routine administrate tasks such as legal related enquires, Court Order System etc.
• Check Customer Information System (CIS) transactions for Operations Department.
• Review/monitor the Monthly Activities report for Deposits-Current Accounts and Remittances and update the Compliance Head of any Suspicious Activities.
• Conduct screening of customers against the safe-watch system and perform any other Compliance operational assignments
• Complies with all Compliance AML CFT policies and procedures as well as the relevant laws and regulations, ethical standards at all times.
• Process & safekeeping of Certified True Copy of IDs/PPs of the customers and monitor/ follow-up with RM on expired IDs/PPs, update information on Monthly Document Expiry report.
• Prepare KYC transaction form for Trade Finance/ Remittance transactions with safe-watch hits and submit relevant documents and information to GRC for approval to proceed with the transaction. Record all approval or rejection on GRC escalations.
• Quarterly samples check on Import and export document and maintain record of the findings. Collate the findings and submit to Management for signoff /approval.
• Monthly samples check on Operation’s 3rd party call back on Inward Remittance transactions and maintain record of findings and submit to Management for signoff /approval.
• Weekly sample checks on Safewatch screened by CIB/Operation staffs – to extract samples from the Safewatch report download from Safewatch system and check for any omission of escalation for the Safewatch hits. Collate the findings and submit to Management for signoff / approval
• Daily sample checks on automated Daily KYC violation reports for CIB & LG – to extract samples from the daily report and check for any omission of escalation on the violation hits. Collate the findings and submit to Management for signoff /approval.
• Record & tracks all inputs & updates done by CIB on KYC database to monitor purpose and accuracy of the input or deletions of the database.
• Fortent alerts – to obtain information and documentation from CIB & Operations as required and submit the documents and inquiry in Fortent system. To follow-up and reply to any further query from Fortent team, if any. To evaluate and investigate the reason that trigger the alerts and prepare documented minutes with supporting documents for Local SARS meeting weekly on the Fortent alerts from GRC.
• Record and track that Safewatch Blacklist from GRC have been uploaded by IT dept into Safewatch System.
• Check Swift Journal Entry report on the violations identified by Operations. In the event that the sanction names were identified by Operation as False violation, to extract that particular swift copy in Swift Alliance and check that it is correctly identified.
• Update the ECRR in coordination with GRC Enterprise Team

Requirements

• Degree with 2-3 years minimum Compliance experience with leading regional/international Institution. 
• Good understanding of Compliance practices and local regulations 
• Analytical skills 
• An eye for details, ability to work independently &/or within a team environment 
• Able to interact well with people at all levels 
• Good presentation, communication skills

Salary: $6000 - $6500 

Location:  CBD 

5 weekdays 

Please state your availability, current and expected salary in the resume.

Qualified or interested candidates, please visit our GMP website at www.gmprecruit.com/current_jobs/posting.aspx to apply for this position with GMP Job Code:  24515

Tel: 6233 0450

HP: 8755-5290

Bryan Huang (R22104680)

We regret that only shortlisted candidates will be notified. 

GMP Technologies (S) Pte Ltd   |   EA Licence: 11C3793   |   Bryan Huang |   Registration No: R22104680