Position Purpose:
In Singapore, StoneX is regulated by MAS as a Capital Markets Service Licensee, an Exempt Financial Adviser and a Major Payment Institution, and by MinLaw as a registered dealer of precious stones and metals. StoneX is also a trading member of SGX-DT and a clearing member of SGX-DC. This expansion role at StoneX will manage financial crime compliance risks by ensuring adherence to laws and regulations, updating policies and procedures to comply with regulatory changes, advising businesses and senior management, managing audits and inquiries, and supervising trade surveillance and compliance testing.
Primary duties will include:
- Provide financial crime compliance (FCC) advice and guidance to business units and senior management
- Update policies, procedures and controls to meet regulatory requirements on AML, CFT, sanctions, anti-bribery & corruption
- Supervise screening, transaction monitoring, enhanced CDD, management reporting and trade surveillance
- Monitor high-risk transactions and customer activities through a risk-based approach, and investigate potential suspicious transactions with filing of STRs
- Perform enterprise-wide AML/CFT/Sanctions risk assessment and ensure effective measures are in place to identify, assess and mitigate risks
- Assist in audits, investigations and responding to queries from regulators and exchanges
- Participate in strategic projects to upgrade digital platforms
Requirements:
- University Degree in accounting, business, finance, law or related fields
- Professional certification in financial crime compliance is advantageous
- Minimum 7 years of experience in financial crime compliance in financial services or regulatory environment
- Work experience in audit firms, banks, brokerages or financial services firms
- Knowledge of MAS regulations, FATF standards and best practices
- Attention to detail, pro-active, hands-on approach to problem solving
- Agile mindset, collaborative and trustworthy team player
- Familiarity with compliance and surveillance systems is advantageous
