Role Summary
As a manager within the CDD, Compliance and Risk department consisting of 5 individuals across London and Singapore. This role will be ideal for an individual with 4-6 years experience within Financial Services (ideally in Capital Markets and within a Compliance role), who has knowledge of regulatory requirements and industry best practices. The preferred candidate will be someone who can proactively engage, learn and deliver to ensure work is completed to a high standard but in a timely and accurate manner. The individual must be flexible and a team player.
Main Accountabilities
- Interface and liaison between the regulator (Monetary of Authority; MAS) and the Branch. It is expected that the Compliance Manager will handle all relevant MAS queries and liaise with the Head of CDD, Compliance & Risk and MLRO and the Singapore General Manager on MAS related matters. Any ad hoc communication between the Branch and MAS will also be dealt with by the Compliance Manager.
- Ensure the guidance and procedures for all client reviews are in line with the AML Policy & Procedure, UK and Singapore regulation and law. This includes sanction guidance, client entity guidance, adverse media guidance. It is expected that any procedural gaps are identified based on relevant regulation and a solution is formed. Engaging in quality assurance checks on CDD case files as required and in line with the internal procedure.
- Responsible for reporting any suspicious transactions to the MLRO for relevant SONAR reporting and where required to the relevant Singapore authorities.
- Oversight of new starter CDD/Compliance/Risk training. All relevant training materials must be assigned to new joiners through the online training platform. Further, it is expected that the Compliance Manager will embed new training materials as new regulatory requirements surface or are amended. This could include AML, Financial Crime, and Market abuse training.
- Oversight of all registrations and deregistration’s for licensed representatives via the MAS portal. Advising the business of MAS exam requirements, both mandatory and recommended based on the individual’s background experience and ensuring that the licensed representatives are competent with the relevant examinations passed prior to the submission of licensing applications.
- Horizon Scanning – responsible for continuously monitoring, and tracking changes and developments associated to relevant sanctions regimes, and legal and regulatory developments that may be relevant to the Singapore Branch. It is expected that support will be give to the Head of CDD, Compliance & Risk and MLRO with the implementation of new rules and processes.
- Responsible for ensuring that the risk-based monitoring program remains effective, efficient and in-line with regulatory requirements. Assisting the Head of CDD, Compliance & Risk and MLRO with reviewing and streamlining the program, streamline where possible and eliminate redundant checks.
- Providing support for Risk monitoring tasks as required. This may also include risk assessments.
- Support the Head of CDD, Compliance & Risk with ICARA preparations as required.
- Participation within monthly Committee preparation; focusing on regulatory requirements and developments within Singapore.
- Reviewing the MAS portal for updated prohibition orders that require distribution amongst the wider business for awareness.
- Operational oversight of daily monitoring and surveillance activities conducted by other members of the team. This includes but may not be limited to transactional monitoring, international sanctions, best execution reviews, any market abuse monitoring and electronic communication surveillance.
- Responsible for assessing and approving PAD requests within the Singapore Branch.
- Oversight of the shared mailboxes.
- Assisting the Head of CDD, Compliance & Risk and MLRO with team management within Singapore.
Qualifications
- Educated to degree level or above
- Must be proficient in Microsoft Office, particularly Word and Excel
Personal Profile
Key and desirable attributes required for the role:
- Attention to detail
- Excellent written and oral communication
- Perceptiveness – ability to see what needs to be done before being asked
- Well-organised and can deliver to timescales
- Proactive – ability to be alert and escalate and report any unusual or suspicious client activities immediately
- Self-aware
- Motivated
- Adaptable
- Resilient
- Collaborative
- Flexible
- Strong work ethic and values
- Pragmatic
- Methodical/solution orientated approach to problem solving
