A self-directed team player in the Risk Management & Compliance department focusing on Compliance and Market Conduct areas in order to maintain a robust risk management and compliance framework within Infinitum Financial Advisory.
Infinitum Financial Advisory is a wholly-owned subsidiary of Income Insurance Limited, Singapore’s top composite insurer, and is licensed and regulated by the Monetary Authority of Singapore (MAS).
Responsibilities:
- Conduct Customer Due Diligence (“CDD”) and/or Enhanced CDD assessments escalated from other departments and/or from on-going screening; and conduct transactions monitoring reviews on Anti Money Laundering (“AML”) and Countering the Financing of Terrorism (“CFT”), focusing on retail clients.
- Ensure that review and investigation conclusions are adequately and properly documented, and escalated to Management (if required).
- Provide AML/CFT and business advisory to the various departments and be a subject matter expert on the interpretation of policies, procedures and regulations in relation to AML/CFT.
- Maintain, update and enhance the Company’s AML/CFT policy, Enterprise-Wide Risk Assessment and procedural manual(s) as required, including the transaction monitoring plan to commensurate with the Company’s business nature, size and level of complexity.
- Conduct compliance training to relevant staff including Representatives (where required).
- Identify compliance issues that require follow up and discuss emerging compliance issues with relevant departments.
- Assist the Head/Manager in investigations and deep-dive reviews when required.
- Assist in the completion of regulatory-driven and providers' Due Diligence questionnaires.
- Assist the Head in the periodic review and update of Enterprise-Wide Risk Assessment.
- Assists in the preparation and presentation of selected updates and/or reports to the Management.
- Assist in System UAT testing and to provide feedback on enhancements (where required).
- Stay updated with new relevant regulations and developments impacting the FA industry, including AML/CFT and sanctions laws.
- Undertake any tasks as assigned from time to time.
Requirements:
- At least a Bachelor's degree or above
- At least 3 years Compliance-related experience in financial services/insurance-related industry focused in AML/CFT areas
- Sound technical AML/CFT knowledge and skills, with hands-on experience
- Strong attention to detail
- Certified as an AML specialist with a recognised institution/association (e.g. ACAMS or ICA) will be a plus, but is not mandatory for the role
- Having prior financial advisory experience will be an added advantage
- Must be proficient in MS Office, Excel applications
Other competencies and traits:
- Uses initiatives to add value and increase efficiency
- Possess good communication (verbal and written) skills with a strong EQ
- An eye for details, has a strong analytical mind with good problem-solving skills
- Has a self-motivated personality and is able to work well in a team
- Adaptable to changes
- Self disciplined and motivated in a flexible hybrid work environment
