The candidate is responsible for ensuring that the company is conducting its business in full compliance of with all laws, including regulations this will involve the creation, review and implementation of policies and procedures and best practices within the industry. The Compliance Officer will assist in periodic client review and investors services for AML/KYC for funds services business.
Responsibilities
- In charge of the Compliance function at a CMS licensed wealth management business
- Oversee enterprise risk management
- Monitor regulated business activities to ensure adherence to CMS licensing conditions
- Provide updates to senior management on the regulatory environment and propose actions, where necessary
- Ensure all compliance policies are consistent with the latest regulatory requirements
- Formulate and update company’s AML/CFT framework and policies
- Supervise the implementation of various compliance, risk, IT risk (TRM), internal controls and outsourcing policies
- Conduct client KYC/AML and annual reviews for new and existing clients
- Conduct due diligence and reviews on outsourced service providers
- Prepare, submit and handle enquiries related to regulatory returns, MAS annual and ad-hoc forms and surveys
- Oversees training and development for senior management and staff
- Key point of contact for MAS: Address queries from MAS and external authorities
- Coordinate internal and external compliance audits
Requirements
- Bachelors/Master’s degree
- 2-3 years’ experience working in a licensed/regulated business
- Past compliance experience is a plus
- Responsible, independent, extremely diligent and detailed
- High stress tolerance
