Our client, a renowned private bank is seeking an experience Compliance specialist to support our management team in ensuring adherence to all relevant Anti-Money Laundering (AML), Sanctions, Counter Financing of Terrorism (CFT), and Anti-Bribery and Corruption (ABC) policies and procedures. The ideal candidate will play a crucial role in maintaining an effective control framework, transaction monitoring, and ensuring compliance with both group guidance and local regulatory requirements.
Key Responsibilities:
- Support the management team, including the Head of Compliance and the Head of AML, in implementing and adhering to AML/S/CFT/ABC policies and procedures.
- Conduct transaction monitoring and account surveillance, utilizing data mining techniques to identify potential compliance issues.
- Assist in the implementation and maintenance of AML monitoring tools such as SWIFT, Pythagoras, and IMTF.
- Perform threshold tuning exercises to optimize AML monitoring tools.
- Identify and address control weaknesses through ongoing reviews and monitoring of the AML/S/CFT/ABC control framework.
- Conduct regular reviews and surveillance of compliance and AML controls, including client acceptance processes, transaction monitoring, payment filtering, client screening, and timely filing of Suspicious Transaction Reports (STRs).
- Prepare working papers and draft monitoring reports, ensuring timely follow-up and resolution of identified issues.
- Assist in the preparation and submission of compliance and regulatory reports to management, regulators, and auditors.
- Conduct training sessions on AML/CFT/FATCA/CRS regulations, ensuring that staff are updated on new or revised regulations.
- Support the preparation of training materials for AML/S/CFT/ABC compliance training.
- Assist in audits, inspections, and investigations as needed.
- Collaborate with the Head of Compliance, Head of AML, and the compliance team on various tasks related to monitoring, surveillance, and general compliance advice.
- Participate in ad hoc special projects as required.
Qualifications:
- Min 5-7 years of relevant experience in general compliance and FCC, with a min Bachelor's degree in finance, business administration, or a related field.
- Relevant certifications in AML or compliance are a plus.
- Mandatory experience in private bank.
- Strong analytical and problem-solving skills, with attention to detail.
- Proficiency in using AML monitoring tools
- Excellent written and verbal communication skills.
- Ability to work collaboratively in a team-oriented environment.
- Knowledge of local and international AML regulations and compliance best practices.
What We Offer:
- Competitive salary and performance-based bonuses
- Annual leaves, wellness and health insurances
- Opportunities for professional development and career advancement
- A collaborative and dynamic work environment
Salary: Up to SGD168K per year
If you are interested in this role or would like to have a discussion, please reach out to [email protected]
