Key Responsibilities:
Anti-Money Laundering (AML) and Know Your Customer (KYC) Compliance:
- Lead the development and implementation of AML and KYC policies and procedures.
- Conduct thorough due diligence (DD) and ongoing monitoring of clients to ensure compliance with regulatory requirements.
- Collaborate with internal teams to identify, assess, and mitigate AML risks.
- Provide guidance and training to staff on AML and KYC requirements and best practices.
Regulatory Submissions and Technical Licenses:
- Prepare and submit applications for Capital Markets Services (CMS) licenses and Payment Institutional Licenses to the Monetary Authority of Singapore (MAS).
- Ensure all submissions comply with MAS guidelines and regulatory standards.
- Maintain up-to-date knowledge of MAS regulations, MASTX system, and similar regulatory frameworks.
- Draft, review, and submit various reports and documentation required by MAS.
- Liaise with MAS and other regulatory bodies to address queries and provide additional information as needed.
Key Requirements:
- Minimum of 4 years of relevant work experience in AML/KYC compliance and regulatory submissions within the financial services industry.
- Experience in MAS reporting for Capital Markets Services Licenses (CMSL) and Major Payment Institution Licenses (MPIL).
- Proven track record of stability and success in previous roles.
- Hands-on experience with MAS regulatory processes, including the use of MASTX and similar systems.
- Strong understanding of AML/KYC principles, regulatory requirements, and industry best practices.
- Excellent written and verbal communication skills for preparing and submitting detailed reports and documentation to regulatory authorities.
- Ability to work independently and manage multiple tasks efficiently in a fast-paced environment.
- High level of attention to detail and strong analytical skills.
- Familiar with Singapore regulation
- Familiarity with APAC regulatory environments is a plus.
- A proactive approach to staying informed about regulatory changes and updates.
