Key Scope:
- KYC/AML
- Transaction Monitoring
- Payment filtering
- Periodic name screening
- STR filing and maintenance
- Enterprise Wide Risk Assessment
Responsibilities:
1. Risk Assessment
- Perform annual compliance risk assessment to identify key risk areas that need to be monitored.
- Provide inputs on RSCA or other risk assessments where relevant
- Leading and coordinating the performance of the Enterprise Wide Risk Assessment (EWRA)
2. Compliance Monitoring and Testing
- Formulate yearly and thematic compliance monitoring and testing plan based on risk assessment results, regulatory horizon scanning, and discussion with key stakeholders.
- Execute compliance monitoring and testing plan, including conduct of thematic review as necessary.
- Report results to senior management &/or relevant committees.
- Track for timely resolution of issues identified during compliance monitoring and testing activities, which should also focus on root cause/key controls as opposed to just remediating specific samples.
- Maintain the compliance and testing monitoring framework, including Directive.
3. Audit/Inspection/External Audit
- Track for timely resolution of audit/inspection/external review findings that are owned by Compliance.
- Report status of resolution to Head of Compliance and relevant committee.
Key Performance indicators:
- Timely identification of issues and importantly root cause.
- Timely escalation of key issues to management and committee.
- Working with the business, ensure that relevant key controls are implemented on a timely basis.
- Ensure no overdue audit/Inspection/External Audit issues, which have not been previously accounted for &/or reported to Head of Compliance.
Requirements:
- Bachelor's degree from a recognised/established institution
- 10-15 years relevant experience in compliance function within a wealth management/private banks, with at least 8 years in Compliance Monitoring roles or equivalent.
- Strong knowledge of Singapore and Hong Kong regulations
Good computer skills in MS Excel, Word & Powerpoint
Interested candidates who wish to apply for the advertised position, please click on “Apply”. We regret that only shortlisted candidates will be notified.
EA License No.: 01C4394 (PERSOLKELLY Singapore PTE LTD)
By sending us your personal data and curriculum vitae (CV), you are deemed to consent to PERSOLKELLY Singapore Pte Ltd and its affiliates to collect, use and disclose your personal data for the purposes set out in the Privacy Policy available at https://www.persolkelly.com.sg/policies. You acknowledge that you have read, understood, and agree with the Privacy Policy.
