A self-directed and independent individual to support the Head of Risk Management & Compliance (“RM&C”) within the RM&C department focusing on Regulatory Compliance aspects such as governance, risk management and market conduct requirements, in order to maintain a robust risk and compliance framework within Infinitum Financial Advisory. This role reports to the Manager of RM&C in supporting the Head of RMC.
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:
- Responsible for conducting Customer Due Diligence and 1st level review and escalation of cases with suspected or actual Anti-Money Laundering (AML)/Countering Terrorist Financing (CFT) related risk.
- Facilitate accurate AML uploading of client names and on-going name screening reviews via the DowJones system within stipulated timelines to meet internal requirements.
- Performs monitoring and assessment of daily Credit Monitoring reports/alerts on external third parties and Representatives and ensure timely dissemination to relevant stakeholders.
- Provide 1st level assessments from a Fit and Proper perspective in accordance to MAS Guidelines on an ongoing basis; provide appropriate solutions and escalate to senior compliance officers to facilitate representatives’ onboarding process.
- Performs monitoring assessments, ensure proper documentation and timely follow-ups with Representatives and relevant departments in terms of Fit and Proper requirements.
- Update and track internal registers on a timely basis (e.g. outsourcing, complaints, onboarding measures applied for representatives etc).
- Assist senior compliance officers in the execution of periodic checks stipulated under the Compliance Monitoring Program.
- Assists in the preparation of updates and/or reports to the relevant governing committee(s) and Authorities (e.g.: CPFB).
- Undertake any tasks as assigned from time to time.
Requirements:
- At least a Bachelor's degree or above
- Having financial advisory and/or insurance compliance knowledge will be an added advantage
- Attentive to detail and communicative
- Discipline in meeting timelines, takes accountability over personal and team deliverables
- Strong written and verbal communication skills with the ability to present analysis and recommendation
- Fresh graduates are welcome to apply
- Must be proficient in MS Office, Excel applications
Other competencies and traits:
- Self-initiated & dynamic individual who possesses critical thinking skills to increase efficiency
- Possess good communication (verbal and written) skills with a strong EQ
- Detailed-oriented, has a strong analytical mind with good problem-solving skills
- Has a self-motivated personality and a good team player
- Adaptable to changes
- Self disciplined and motivated in a flexible hybrid work environment
