Compliance Officer - Singapore (Remote)

View full description

Requirements:

• At least 4+ years of professional experience, ideally in a regulated financial services business – mainly retail banking or payment operations.
• Professional qualifications such as ICA or ACAMS are advantageous.
• Strong understanding of relevant regulatory requirements, including those set forth by the MAS.
• Desirable if they have prior exposure to payments operations, with an international scope.
• Ability to work closely with a highly entrepreneurial group executive team and geographically dispersed group finance function, networking internally and building confidence.
• Strong commercial judgment, outstanding eye for detail, and good creative problem-solving ability.
• Solid communication in English and other languages is a plus.
• Locally based in Singapore.

Responsibilities:

• Main point of contact for business compliance queries and providing expert advice and guidance to business units.
• Provide detailed reporting to the Global Head of Compliance & Risk regularly.
• Maintain formal governance and oversight of regulatory risk, identifying potential and actual risks and implementing effective risk treatments in conjunction with the business.
• Develop and implement the compliance monitoring program and perform specific reviews as required and as directed by the Global Head of Compliance & Risk.
• Develop and implement risk management strategies that align with the organization's goals and objectives, considering the prioritization of risks based on their potential impact.
• Stay informed about emerging risks in the industry and global landscape that could impact the organization's risk profile, and develop strategies to address them.
• Identification of compliance breaches and ensuring prompt rectification.
• Maintaining a register for breaches, errors, and complaints for regulated entities as directed.
• Serve as the primary point of contact for regulatory inquiries and examinations and liaise with the MAS and other regulatory authorities as needed.
• Producing and presenting financial crime, risk, and compliance reports for fund board meetings.
• Participate in project work as needs arise.
• Ensure compliance with the AML/CFT framework in place, across all relevant business areas and jurisdictions.
• Conduct regular risk assessments to identify and evaluate AML/CFT risks associated with the organization’s product, services, clients, and geographic locations and develop risk mitigation strategies to monitor their effectiveness over time.
• Enhance internal and external compliance, regulatory, and AML reporting and assist in the reporting to the Board of Directors and Senior Management.
• Assess and investigate flagged transactions and, if necessary, file SARs/STRs with appropriate regulatory authorities.
• Conduct ongoing training to keep employees up-to-date with changes in AML/CFT regulations and emerging risks.
• Ensure records are readily accessible for regulatory inspections and audits.