Job Summary
Reporting to Head of Legal and Risk, you will work closely with the business units and be responsible for managing the full range of compliance matters.
10 years of experience in a compliance role within a Singapore licensed trust company or MAS licensed firm would be advantageous (not strictly necessary)
Job Description
(A) Principle duties and responsibilities
· Manage, supervise and lead the compliance team, setting clear objectives and providing ongoing training
· Ensure compliance with all relevant laws, regulations, and guidelines issued by the Monetary Authority of Singapore (MAS) and other applicable regulatory bodies.
· Monitor, keep abreast and interpret changes in regulations, laws and industry practices that may impact the business and communicate such changes to the relevant stakeholders and staff
· Lead, support and from time to time, update the impact assessment and periodic review of the firm’s compliance program to meet regulatory requirements and changes.
· Assist in developing, updating and implementing compliance related policies, procedures, and workflows that are related with relevant regulations and industry best practices e.g. notices and guidelines as issued by MAS from time to time
· Conduct periodic compliance risk assessments to identify potential compliance vulnerabilities and provide mitigation strategies
· Conduct gap analysis across business functions, as well as collaborate with stakeholders across the company to enhance compliance controls
· Oversee the FATCA and CRS due diligence and reporting
(B) Governance and Reporting
· Participate in client classification, risk rating, KYC and transaction monitoring. Familiarity with regulatory requirements of AML and CFT and other applicable laws and regulations
· Serve as the primary point of contact for all compliance-related matters within the organisation and act as the liaison with regulatory bodies and external auditors (including liaising with regulators on matters arising from AML/KYC/CFT)
· Lead the preparation and submission of regulatory filings, including MAS reports, FATCA/CRS and ensure accurate and timely compliance with regulatory deadlines
(C) Regulatory Compliance and Risk Management
· Review the client onboarding documentation, due diligence checks, and enterprise-wide risk assessment.
· Perform transaction monitoring activities, identify, investigate, and escalate any irregularities as part of the monitoring process.
· Conduct compliance and anti-money laundering and countering the financing of terrorism training to all employees.
· Perform any additional duties or participate in ad-hoc projects assigned by the Head of Legal and Risk from time to time.
We regret to inform that only shortlisted candidates will be notified.
