Key Responsibilities:
- Assist Branch Management in developing and enhancing compliance policies and procedures to establish a robust Compliance Framework.
- Provide compliance advisory support to Branch Management to ensure effective discharge of their compliance duties.
- Ensure timely submission of Compliance Review Reports to Management and other required reports to Head Office.
- Oversee the Compliance team in reviewing the Branch’s business activities for strict regulatory compliance.
- Supervise the Compliance team's preparation of Quarterly Compliance Reports for submission to Management.
- Collaborate with internal and external auditors, as well as the Monetary Authority of Singapore (MAS), on regulatory and compliance-related matters.
- Implement Anti-Money Laundering (AML) and Counter-Terrorist Financing (CTF) measures, and report suspicious transactions to the appropriate authorities in consultation with Branch Management.
- Ensure the Compliance Manual is updated promptly.
- Convene Risk Management and Compliance Committee meetings as per the terms of reference.
- Conduct Compliance Orientation for new staff and provide annual AML Refresher Training for all employees.
- Coordinate the drafting and updating of the branch Business Continuity Plan.
- Perform other tasks as assigned by Branch Management.
Key Requirements:
- Bachelor's Degree in a related discipline.
- At least 8 years of relevant compliance experience in a financial institution.
- Professional qualifications in Compliance are an added advantage.
- Demonstrated leadership and strong people engagement skills.
- Comprehensive knowledge of regulatory and governance requirements.
- Strong communication skills, with the ability to converse, read, and write in Chinese, as some agreements and documents from HQ are in Chinese.
- Proficiency in Business Chinese, including knowledge of Chinese laws, ability to draft agreements in Chinese, and read documents from Head Office.
