Job Summary
As a Compliance Associate, you will assist in Customer Due Diligence (CDD) processes for client onboarding and periodic reviews, ensuring compliance with regulations and internal policies. Collaborate with stakeholders, clients, and vendors to resolve compliance matters effectively.
Responsibilities
- Assist in conducting Customer Due Diligence (CDD) for new client onboarding and ongoing periodic reviews by liaising with clients to obtain required documentation
- Perform name screening, conduct risk assessments and evaluate Source of Fund and Source of Wealth
- Follow up on outstanding CDD documentation to ensure completeness and compliance
- Liaise with external vendors to identify and resolve Anti-Money Laundering (AML) system issues
- Monitor changes in regulatory requirements (ACRA, ISCA, PDPC) and industry best practices to support updates of internal policies and procedures
- Participate in developing, implementing, and reviewing internal policies, procedures, and controls to enhance governance and operational efficiency
- Draft compliance memos to communicate key changes in internal processes and regulatory requirements to relevant teams
- Prepare training materials and conduct briefings to improve staff awareness and understanding of regulatory requirements and responsibilities
- Provide ongoing support to the Compliance Officer across all compliance-related functions
- Undertake ad-hoc tasks as assigned to support the team's objectives
Required competencies and certifications
- Bachelor's degree or equivalent
- Minimum 2 years of relevant experience in Compliance, Risk Management, or Audit
- Proficient in written and spoken English to communicate compliance matters clearly
- Analytical and problem-solving skills to assess risks and resolve issues effectively
- Ability to multi-task and work independently in a dynamic environment
- Proficient in Microsoft Excel, Word, and PowerPoint for documentation and reporting
