Compliance Manager
Key Responsibilities
- Provide compliance oversight to safeguard the Bank's reputation and ensuring adherence to regulatory requirements including promoting best practices and awareness of MAS laws and regulations (AML/CFT and non-AML related) across the Bank.
- Act as the primary liaison with MAS, ABS and other regulators for clarifications on compliance matters, including Banking Act, MAS Notices, Guidelines and Circulars.
- Review, update and implement compliance policies, guidelines and procedures to ensure alignment with evolving regulatory requirements.
- Liaise with external auditors and regulators on queries, audits, inspections and licensing matters.
- Work closely with business units to monitor compliance with new and existing regulations and provide timely advice on regulatory compliance issues.
- Support compliance-related risk assessments, gap analyses and control evaluations to strengthen the bank's compliance framework.
- Provide secretariat support for governance committees (ie. Board, Risk etc) including pre-meeting logistics, agenda and minute preparation.
- Conduct customer due diligence (CDD) and enhanced due diligence (EDD) for new and existing customers.
- Perform transaction monitoring, investigate suspicious activities, close false alerts and escalate cases for further review.
- Ensure compliance with MAS AML/CFT requirements and the bank's internal AML/KYC policies.
- Design and deliver AML/CFT and compliance training programs for staff, including onboarding orientation for new joiners.
- Prepare and present compliance reports to senior management and the Board, highlighting key risks, regulatory updates and remediation measures.
- Participate in compliance-related projects, regulatory reviews, and new product assessments from a compliance perspective.
Key Requirements
- Minimum 5-7 years of relevant compliance or risk & control experience in banking or financial services.
- Bachelor's degree in Law, Finance, Business or related discipline.
- Strong understanding of MAS regulations, Banking Act, Securities and Futures Act (SFA), Financial Advisers Act (FAA), and other relevant legislation.
- Professional certifications such as Certified Anti-Money Laundering Specialist (CAMS), ICA Diploma in Compliance or equivalent are highly advantageous.
- Hands-on experience in KYC/CDD, AML investigations, transaction monitoring, and preparation of Suspicious Transaction Reports (STRs).
- Strong English oral and written communication skills with proven ability to engage regulators and stakeholders.
- Excellent interpersonal skills to manage relationships internally and externally.
- Advanced proficiency in Microsoft Office familiarity with compliance monitoring tools and AML systems is preferred.
We regret that only shortlisted candidates will be notified.
