Total 2 job vacancies by Woori Bank

Job Summary

We are seeking a Regulatory Compliance Officer to ensure our bank complies with domestic and international financial regulations and policies. This role focuses on understanding financial regulatory requirements and providing strategic direction for their implementation within our organization.

Key Responsibilities

• Check bank's compliance with MAS regulations and reports submitted to MAS.
• Conduct research and analysis on financial regulations and policies.
• Develop policies and processes to apply regulatory requirements within the organization.
• Conduct internal education and training on regulatory compliance.
• Coordinate with external audits and regulatory agencies.
• Continuously improve and update regulatory compliance processes.

Qualifications

• Bachelor's degree or higher in finance, economics, business, or a related field.
• Minimum of 2 years of experience in financial regulation or compliance.
• Broad understanding and experience with financial regulations.
• Excellent communication and problem-solving skills.
• Ability to collaborate in a team and demonstrate leadership skills.

Preferable

• Direct communication experience with MAS.
• Consulting experience related to the enactment and revision of banking regulations.

Job Description

• Adhere to Banking Acts, MAS regulations, Bank's Internal policies and guidelines
• Conduct/Approver of CDD/EDD reviews and background due diligence checks, ensure completeness and accuracy
• Liaise with front office and back office on FATCA/CRS and AML/KYC documentary requirements
• Provide advice and support on Compliance
• Provide induction training and trainings on AML/CFT/Sanction/CDD, etc.
• Perform checks on CDD data input
• Perform transaction monitoring, ensure timely closure of alerts
• Assist to update/review the process and procedures
• Prepare/review and file STR reports, Head Office Reports, etc.
• Be prepared to additionally perform any other work related task as stipulated by any of the Branch's Managers

Requirements

• A relevant degree in Finance, Business or Computer Science
• Minimum 2 years of Compliance/AML/CFT/Sanction experience in a bank or financial institution
• Knowledge of MAS rules and regulations
• Keen interest in compliance with long term plans to remain in this field
• Self-motivated and committed
• Resourceful, motivated and willingness to acquire new skills/knowledge
• Proficient in Microsoft Office, particularly Word and Excel
• Ability to write simple automation program will be a plus but not a must

Others

• Able to start work at short notice
• Permanent position, 5-day work week
• To submit detailed resume indicating current and expected monthly salary