Job Description:
Our client is a well-established financial services firm headquartered in Singapore. They are now seeking an experienced Business Compliance Officer to join their team. The Compliance Officer will be responsible for ensuring the company's operations are in full compliance with regulatory requirements and internal policies. This includes managing compliance programs, providing guidance to business units, and liaising with regulators.
Key Responsibilities:
Compliance Advisory
- Provide practical compliance advice to internal stakeholders, especially the Sales and Business Development teams, to ensure adherence to MAS regulations and internal policies.
- Review sales practices, marketing materials, product documentation, and client communications to ensure regulatory compliance.
- Advise on regulatory implications of new products, business initiatives, and client onboarding activities.
Regulatory Reporting & Filings
- Prepare and submit MAS regulatory filings and notifications accurately and on time.
- Maintain regulatory registers and ensure all statutory reporting obligations are fulfilled.
- Support the preparation of compliance reports for senior management and regulators.
Compliance Monitoring & Checks
- Conduct regulatory checks, compliance monitoring, and testing to identify and mitigate compliance risks.
- Perform periodic reviews of business activities, client files, and internal controls.
- Assist with AML/CFT, sanctions screening, and customer due diligence reviews where required.
Policy & Governance
- Develop, implement, and update compliance policies and procedures in line with MAS regulations and industry best practices.
- Conduct compliance risk assessments and recommend enhancements to controls and processes.
Requirements:
- Bachelor's degree in Law, Finance, Business, or a related discipline.
- Professional compliance certifications such as CAMS, ICA, or equivalent are an advantage.
- 5-8 years of compliance experience within a financial services firm, consulting firm, or regulated institution in Singapore.
- Knowledge of MAS regulations, guidelines, and reporting requirements is a plus (not a must)
- Experience in compliance advisory to sales or front-office teams.
- Familiarity with regulatory filings, and compliance monitoring is a plus.
- Strong analytical skills, attention to detail, and sound judgment.
- Excellent communication and stakeholder management skills.
EA Licence No: 23S1615
