About the Role:
We are looking for a dynamic Head of Compliance to strengthen our leadership team and champion a culture of accountability. This role will play a pivotal part in guiding our compliance strategy, ensuring robust governance, and empowering our compliance professionals to thrive in a rapidly evolving regulatory environment.
Key Responsibilities:
- Regulatory Advisory & Liaison: Advise senior management and staff on all applicable financial regulations. Serve as the primary point of contact for the Monetary Authority of Singapore (MAS) and other relevant regulatory bodies.
- Gap Analysis & Policy Development: Perform comprehensive gap analysis on new or updated regulations. Oversee the drafting, implementation, and refinement of internal compliance procedures.
- KYC & Due Diligence: Manage the end-to-end Singapore KYC (Know Your Customer) process for customers, counterparties, and issuers. This includes reviewing documentation, performing initial due diligence, and conducting periodic ongoing reviews.
- KYT & AML/CFT Oversight: Lead the Singapore KYT (Know Your Transaction) process. Regularly review and update AML/CFT policies to align with prevailing regulatory requirements, including the management of transaction monitoring parameters and alerts.
- Risk Framework & Monitoring: Develop and maintain the Enterprise-Wide Risk Assessment (EWRA) framework in collaboration with Operational Risk Management. Implement a robust compliance monitoring program to ensure adherence to internal policies.
- Training & Culture: Develop and deliver compliance training programs to educate employees on their regulatory obligations. Collaborate with various business units to foster a proactive compliance and governance culture.
- Reporting & Audits: Escalate critical compliance issues to Management based on monitoring results. Liaise with internal and external auditors regarding all compliance-related matters.
- Strategic Projects: Represent the Compliance function in group-level IT alignment projects and participate in User Acceptance Testing (UAT). Participate in broader corporate initiatives as directed by leadership.
Requirements:
- Bachelor's degree in Business, Finance, Law, or a related discipline relevant professional certifications (e.g., CAMS, ICA) are highly valued.
- A minimum of 12 years of relevant experience within a regulated financial institution, with a strong preference for backgrounds in banking or fintech.
- Deep expertise in the Payment Services Act, Securities & Futures Act, and prevailing AML/CFT regulations.
- Strong leadership, analytical, and problem-solving abilities.
- Proven ability to apply sound judgment to resolve complex issues in a timely manner.
- Excellent communication and influence skills, with the ability to engage stakeholders at all levels of the organization. Proven track record of working effectively in a fast-paced, dynamic environment and adapting to rapid regulatory changes.
