Compliance manager

• Advise Senior Management and staffs on the compliance laws, rules and standards and provide updates on compliance developments and industry standards.

• Provide sound, coherent and consistent compliance advice, interpretation and recommendations on regulations, policies, products and business initiatives.

• Establish and implement policies and procedures to meet regulatory requirements/industry standards.

• Review compliance policies and procedures on a regular basis to ensure they comply with statutory and regulatory requirements.

• Develop the framework for identification, measurement and assessment of Branch AML risks for money laundering and terrorist financing.

• Responsible as the Branch Money Laundering Reporting Officer (“MLRO”).

• Develop and implement a risk-based compliance monitoring programme, identifying, assessing, monitoring and reporting all material compliance risks.

• Oversee the compliance monitoring programme and report to Senior Management on the identification of any deficiencies and recommend corrective actions/measures

• Primary responsibility for maintaining and monitoring compliance with key compliance policies, including maintaining compliance registers.

• Ad-hoc review of AML transactions escalated by business units (Trade Finance, Retail, Credit Appraisal).

• Liaison with regulators (MAS) and government authorities including the Police Force, CAD and IRAS.

• Maintain an efficient interaction with MAS ensuring that the bank’s views are appropriately represented and facilitating the supervisory activity of regulators.

• Daily tracking of new regulatory developments on AML and sanctions and MAS Notices/Guidelines.

• Review for new regulatory developments from MAS/ABS/ACRA/IRAS and various government websites which has impact to the Singapore Branch.

• Updates to AML Policy to incorporate regulatory compliance requirements from MAS Guidelines to Notice 626/MAS Notices/ABS Guidelines in relation to AML.

• Oversight of Level 1 and 2 alert clearing by Compliance department and Level 3 escalation profile of AML alerts in the AMLOCK workflow.

• Prepare management response and action plans to address audit issues raised by Auditors.

• Review the contents on AML latest developments in conjunction with the AML refresher training for employees.

• Maintain the Register of all necessary orders from various regulatory requests attended by Compliance department.

• Maintain a list of High Risk table for AML risk assessment.

Job Requirements:

• Bachelor’s degree Holder with at least 5 years Compliance and anti-money laundering/counter terrorism experience within a corporate banking environment