Brief Summary
Join a dynamic team as a Senior Compliance Manager, serving as the primary liaison for regulatory matters while ensuring adherence to compliance frameworks and procedures. This role offers the opportunity to lead compliance initiatives and drive a culture of accountability and ethical standards.
Responsibilities
- Act as the principal point of contact for all regulatory communications. Oversee the Singapore Compliance team's tracking of Regulatory Circulars, Notices, and guidelines, ensuring they are disseminated effectively to relevant teams. Provide input for policy formulation and ensure timely closure of regulatory issuances through appropriate forums. Address regulatory queries within specified timelines and share feedback with management at both the Branch and Head Office. Formulate and update key compliance procedures, including AML/CFT Manual, Compliance Manual, and Personal Data Protection framework specific to the Branch. Organise training sessions on AML/CFT, Personal Data Protection, and related policies for Branch staff. Establish transaction monitoring protocols to identify and report suspicious activities, ensuring prompt review and disposition of alerts. Conduct sample-based compliance testing, reporting findings to the Compliance and Audit Forum (CAAF). Execute periodic Enterprise Wide Risk Assessments (EWRA) and share findings with Branch and Head Office management. Ensure closure of observations and recommendations arising from assessments and inspections. Prepare monthly compliance management reports, addressing pending action items and other significant compliance updates. Monitor and review outsourced service provider performance against established Key Performance Indicators and Service Level Agreements. Facilitate regulatory inspections and compliance audits, ensuring the execution of any necessary remediation plans. Foster a high standard of accountability and compliance within the Branch, leading by example to promote an ethical work culture. Support and guide staff to ensure they meet internal and external compliance requirements.
Requirements
- Relevant educational qualification in a related field. Minimum of 5 years of experience in compliance or regulatory roles within a financial services environment. Strong understanding of AML/CFT regulations and compliance frameworks. Proven ability to communicate effectively and work collaboratively with diverse teams. Demonstrated capability in risk management and monitoring compliance activities.
