Job Role Description - Summary
The Compliance Analyst supports the implementation of the Bank’s Compliance program, ensuring adherence to relevant guidelines and regulations. They execute tasks to maintain regulatory compliance, escalate issues as needed, and assist with compliance reporting and monitoring. Additionally, they contribute to compliance knowledge management through training and staying updated on new regulations. The Analyst operates independently, follows guidelines, thrives in fast-paced environments, and collaborates with the AML function to address financial crime matters.
Execute compliance-related administration
• Assist in updating of compliance-related policies, procedures, processes, databases and registers • Assist in performing the Enterprise Wide Risk Assessment for the Branch • Monitor communication channels for compliance queries and escalate to relevant parties
• Direct stakeholders to compliance resources and references
• Facilitate and respond to requests from auditors
• Facilitate annual CRS and FATCA reporting on an annual basis to the local tax authorities
• Gather evidence and documentation for compliance investigations into compliance breaches, financial crime and/or sanction-related incidents, and assist in the drafting of STR where required
• Review, assess and approve new KYC requests and periodic requests
• Review and timely clearance of Safewatch and World Check One alerts escalated to Compliance • Assist in review and clearance of KYT requests (per-transaction monitoring) raised to Compliance
• Assist in performing of CINTMT (PIXIS) controls/checks on a periodic basis and RCSA controls on a yearly basis • Assist in licensing and cessation of regulated representatives for Front Office
• Facilitate and review fitness and proprietary of the licensed representatives via the fit and proper attestation, external business interest declaration and credit bureau reports
Support compliance knowledge management
• Conduct research on industry best practices and developments to update knowledge management systems
• Gather information on the latest regulations and requirements to support the preparation of compliance reports • Compile compliance and financial crime compliance activity status reports
• Assist in preparation of compliance-related training materials. Facilitate the rollout of training to staff and track their completion and compliance training to new hires
• Disseminate internal compliance-related communication, memos, and procedures to the relevant departments • Review and disseminate MAS Circulars and Guidelines to the relevant departments
If you're interested in the above role, click on the 'apply' function now! Alternatively, you can contact Hao Yi at [email protected] for a confidential discussion. Only shortlisted candidates will be notified.
Morgan McKinley Pte Ltd | EA Licence No: 11C5502 | EA Registration No. R21100351
