1 Year Contract - Compliance Manager

Achieve Career Consultant Pte Ltd; Singapore; On-site; SGD 80,000 - 120,000; Full time

Job summary

A leading company in the financial sector is seeking a Compliance Officer to manage risks related to sanctions and money laundering. The ideal candidate will have extensive experience in compliance, strong analytical skills, and a solid understanding of AML/CFT regulations. This role involves assessing customer profiles, conducting risk assessments, and ensuring adherence to compliance standards.

Qualifications

• Over 8 years of experience in the financial industry or a related field.
• Solid understanding of AML/CFT regulations and compliance standards.
• Hands-on experience with name screening tools.

Responsibilities

• Assess customer profiles for sanctions and money laundering risks.
• Conduct risk assessments and document findings.
• Monitor regulatory changes in AML/CFT requirements.

Skills

Data management

Analytical skills

Communication

Collaboration

Education

Bachelor's degree or higher

Tools

Excel

Job description

Duties:

• Assess new and existing customer profiles and transactions for sanctions, money laundering (ML), and terrorism financing (TF) risks

• Conduct and document risk assessments, highlighting key risk areas

• Process escalated alerts related to name screening and suspicious transaction activity

• Handle priority compliance requests from internal teams and regulatory authorities

• Review and assess internal Suspicious Transaction Reports (STRs) for further escalation

• Track case progress and prepare updates for management reporting

• Provide recommendations from due diligence outcomes, including enhanced checks and transaction monitoring

• Identify potential links to sanctioned entities or politically exposed persons (PEPs)

• Develop and test control activities, including system and scenario testing

• Support internal and external audits or investigations involving suspicious activities

• Monitor regulatory changes in AML/CFT requirements and conduct gap assessments

• Recommend and implement controls, policies, and system updates related to CDD, onboarding, high-risk customers, and merchant partnerships
  

Requirements:

• Bachelor's degree or higher from a recognized institution

• Over 8 years of experience in the financial industry or a related field

• Proficient in data management tools (e.g., Excel)

• Strong written communication skills, including report writing

• Numerically inclined and comfortable working with data

• Solid understanding of AML/CFT regulations and compliance standards

• Hands-on experience with name screening tools and related processes

• Strong analytical skills with the ability to identify issues and propose effective solutions

• Collaborative team player with a proactive mindset