Job Purpose & Objectives
- Assist and support business management in identifying, assessing, measuring and mitigating
compliance risks.
- Assist in providing reasonable assurance that the Bank and its employees comply with applicable laws, rules and regulations.
- Assist in handling regulatory issues related to business partners and ensure appropriate management escalation.
- Work closely with business partners to broaden their knowledge of industry specific regulatory requirements.
Key Responsibilities
- Review KYC documentation on new account opening and perform transactions screening and monitoring in compliance with Group Policy and relevant anti-money laundering requirements.
- Prepare and update policies and procedures in line with Group Policy and with regard to local laws, rules, regulations and guidelines.
- Assist in providing advice and support to the business units in connection with potential regulatory impacts of relevant laws, rules, regulations and guidelines and capital markets products.
- Assist in providing relevant training to staff on changes and development of laws, rules, regulations and guidelines.
- Keeping track of regulatory developments and best practices applicable to the Singapore Branch.
- Assist in the preparation of regulatory reporting, filings, draft STRs and self-assessments as required.
- Assist in performing compliance review on business units in accordance with the standards and guidelines contained in the compliance monitoring plan.
- Assist in information requests from regulatory authorities, internal and external audit requests for compliance-related audits.
- Assist in any other ad hoc projects.
Job Specifications
Qualification & Experience
- Degree holder in Finance, Accounting or Laws
- At least 3 years relevant experience in compliance field or audit firms
Knowledge & Skills
- Experience in Regulatory Compliance and AML regulatory requirements in relation to banking business
- Knowledge of banking services and products
- PC literacy (Microsoft Office including word, excel and powerpoint)
Language
- Proficient in written and spoken English
Other Skills (e.g. Interpersonal, Communication etc)
- Good interpersonal and communication skills
- Customer-oriented
- Self-motivated and be a team player
- Ability to work under pressure
