Roles & Responsibilities
· Lead the Compliance team strategically to ensure the bank is always compliant with the applicable rules and regulations.
· Spearhead the improvement of the existing Compliance procedure.
· Manage and own end to end KYC, Account Opening, CDD, and other Compliance processes.
· Conduct in-depth due diligence background checks and screening on prospects (including staff), clients and counterparties to identify the risks of the client or counterparty and the Bank.
· Investigate suspicious transactions and make necessary recommendations to senior management to file the appropriate suspicious transaction reports to CAD and MAS.
· Liaise with front line staff for new on-boarding and periodic reviews.
· Manage regulatory matters, including relationships and correspondence with regulators, regulatory examinations and implementation of new regulations.
· Liaise with regulator and auditors on all regulatory related matters.
· Update guidelines and notices from the MAS, interpret and apply to internal compliance controls and policies, and disseminate to staff and management.
· Coordinate and update Compliance Manuals.
· Prepare Compliance curriculum and conduct training for all staff in the Bank.
Requirements
· 4-6 years of Compliance Experience in a Wholesale Bank, preferably with experience in the areas of Corporate Banking and Trade Finance.
· Broad experience in AML, CFT, transaction monitoring and on-boarding.
· Prior experience liaising with local regulator and auditors.
· Strong skills in communication, analytics, problem solving and operational process.
· University degree in Accountancy, Banking and Finance, Business Administration or equivalent
· Compliance-related certifications preferred e.g. Diploma in Compliance from ICA or ACAMS
· Fluency in Bahasa Indonesia is an absolute advantage as this role liaises closely with our HQ on reporting, policies, implementation, etc.
