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Attorney in Bukit Panjang, Singapore (General)

LawCrossing

Singapore

On-site

SGD 100,000 - 150,000

Full time

5 days ago

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Job summary

A leading financial institution is looking for a Compliance Manager specialized in AML/CFT to lead policy reviews and training programs. The ideal candidate will have over 10 years of experience in financial crime compliance, with a strong strategic outlook and detailed implementation skills. This role entails monitoring regulatory changes and enhancing compliance measures within a dynamic banking environment, offering competitive remuneration and benefits.

Benefits

Attractive remuneration packages

Non-financial benefits

Qualifications

Minimum 10 years of compliance experience in financial crime.
Strong understanding of AML/CFT regulatory requirements.
Possession of ACAMS or equivalent is preferred.

Responsibilities

Lead review and enhancement of AML/CFT policies and training.
Report on effective controls and significant ML/TF risks.
Monitor regulatory developments and compliance gaps.

Skills

Compliance

Regulatory knowledge

Team collaboration

Communication

Education

Bachelor’s degree in finance, business, accountancy, or law

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Practice Setting:

Location:

Job Title:

Job Title: Compliance Manager (Policy and Training)

Job Responsibilities:
- Lead a team to review AML/CFT policies, procedures, and guidelines ensuring compliance with all applicable regulatory requirements.
- Conduct training and strategic initiatives to enhance controls and raise staff awareness on money laundering and terrorism financing risks.
- Report key ML/TF risks, AML/CFT controls effectiveness metrics, and any significant matters to the Board and senior management.
- Strengthen AML/CFT policies and implement effective control measures with internal stakeholders to comply with regulatory requirements relevant to the business and operating environment.
- Regularly review policies, procedures, and guidance while considering emerging risks and new ML/TF typologies.
- Actively monitor regulatory developments in Singapore and other jurisdictions where the bank operates, keeping abreast of regulatory expectations and industry best practices.
- Perform impact and gap analysis in a timely manner and propose sound, pragmatic recommendations and action plans to address identified gaps.
- Prepare training materials and deliver effective training on policies and case studies/typologies to raise risk awareness among staff, as well as Board of Directors and senior management.
- Manage regulatory engagements and requests proactively through strong collaboration with internal stakeholders.

Education and Experience Information:
- Degree with a minimum of 10 years of direct and broad-based compliance experience in the field of financial crime compliance.
- Possesses a strategic outlook to foresee and envision the future of financial crime compliance work with a sound understanding of AML/CFT policies, procedures, and controls framework.
- Strong technical knowledge and understanding of regulatory requirements on AML/CFT in the context of private banking.
- Strong understanding and active awareness of regulatory expectations in Singapore, international developments, emerging risks/typologies, and global trends in relation to financial crime compliance.
- Bachelor’s degree in finance, business, accountancy, or law (or related discipline), preferably with ACAMS or other equivalent professional qualifications.

Personal Traits/Characteristics:
- Passionate and purposeful in pursuing a career in financial crime compliance, with a forward-looking and pioneering spirit.
- Possesses a change-agent drive, mentality, and resilience to follow through on bringing change from the current state to the end state of financial crime compliance transformation.
- Good team player with strong interpersonal skills for effective collaboration with multiple stakeholders and colleagues from different cultures and countries.
- Capable of both high-level strategic outlook and detailed implementation to drive key projects, timelines, and initiatives.
- Strong written and oral communication skills, with the ability to interact effectively with people at different levels.

Salary Information:
- The text does not provide specific salary information. However, it mentions attractive remuneration packages and non-financial benefits as part of the employment offer.