Compliance Officer

Job Description

• Disseminate MAS regulatory guidelines, regulatory correspondence (including surveys and questionnaires) creating actionable and ensuring timely implementation of actionable.

• Vetting of all Branch policies/manuals/new products/change management requests and operational procedures from Compliance perspective and provide sign-off to respective departments.
• Handle the day-to-day spectrum of compliance activities and guide colleagues (if necessary) to ensure full compliance with, amongst others, the requirements of the Monetary Authority of Singapore (“MAS”) Act, Banking Act, Securities and Futures Act and Financial Advisers Act.
• Coordination with Local regulator on regular basis as well as at the time of regulatory inspection. Handle offsite and onsite inspection by the MAS and coordinate responses to all queries and matters raised by the MAS.
• Compliance testing on adherence of regulations based on bank-wide compliance testing programme.
• Review and check customer due diligence measures (for both onboarding and periodic review) performed by respective business units in relation to Anti-Money Laundering and Combating Financing of Terrorism (CDD) for the entire portfolio of the Branch
• Implementation of compliance and AML related projects/software/systems for Singapore Branch.
• Manage day-to-day transactions escalation from Business and ensuring timely disposition of the alerts.
• Conduct training programmes on AML/CFT.
• Handle all outsourcing activities, ensuring compliance with notices and guidelines issued by MAS, including confidentiality requirements, on-going monitoring and control and on-site review.
• Ensure timely submission of returns/reports to ICC.
• Implement EGRC framework for assessing compliance risk of the Branch.
• Any other work as specified by CEO and Head of Compliance

· Permanent position reporting to Head -Compliance

· Minimum 4 years of relevant experience in Banks