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Attorney in Serangoon, Singapore (General)

LawCrossing

Singapore

On-site

SGD 80,000 - 120,000

Full time

2 days ago

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Job summary

A leading law job board is seeking a Compliance Manager to oversee AML/CFT initiatives and compliance within the private banking sector in Singapore. The role demands strong technical knowledge of financial crime compliance and requires a Bachelor's degree along with extensive experience in the field. The successful candidate will lead key initiatives, train staff, and collaborate across various teams to ensure adherence to regulatory standards.

Qualifications

Minimum of 10 years of direct compliance experience.
Strong technical knowledge of AML/CFT regulatory requirements.

Responsibilities

Lead anti-money laundering initiatives within private banking.
Review AML/CFT policies and implement compliance measures.
Conduct training on regulations and risk awareness.

Skills

Compliance

Risk Awareness

Interpersonal Skills

Communication

Education

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

ACAMS or equivalent qualifications

Attorney in Serangoon, Singapore (General)

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Practice Setting:

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Job Title:

Attorney in Serangoon, Singapore (General)

Job Title: Compliance Manager (Policy and Training)

Job Responsibilities:
- Lead a team focusing on anti-money laundering and counter-terrorism financing (AML/CFT) matters, particularly within the private banking context.
- Review AML/CFT policies, procedures, and guidelines to ensure compliance with all applicable regulatory requirements.
- Conduct training and strategic initiatives to elevate controls effectiveness, raise money laundering/terrorism financing (ML/TF) risk awareness, and positively shape risk culture.
- Report key ML/TF risks, AML/CFT controls effectiveness metrics, and significant matters to the Board and senior management.
- Strengthen AML/CFT policies and implement effective control measures with relevant internal stakeholders to ensure compliance with regulatory requirements.
- Regularly review policies, procedures, and guidance, considering emerging risks and new ML/TF typologies.
- Actively monitor regulatory developments in Singapore and other jurisdictions where the company operates, keeping abreast of regulatory expectations and industry best practices.
- Perform impact and gap analysis, proposing sound 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 and senior management.
- Manage regulatory engagements and requests proactively through strong collaboration with internal stakeholders.

Education and Experience Information:
- Bachelor’s degree in finance, business, accountancy, or law (or related discipline), preferably with ACAMS or equivalent professional qualifications.
- Minimum of 10 years of direct and broad-based compliance experience in financial crime compliance.
- 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 financial crime compliance.

Personal Traits/Characteristics:
- Passionate and purposeful in pursuing a career in financial crime compliance.
- Forward-looking with a pioneering spirit to navigate through new paths.
- Possesses change-agent drive, mentality, and resilience to bring about transformation in financial crime compliance.
- Good team player with effective interpersonal skills to collaborate with multiple stakeholders across different cultures and countries.
- Capable of both high-level strategic outlook and attention to detail to implement key projects and initiatives.
- Strong written and oral communication skills, with the ability to interact effectively with people at different levels.

Salary Information:
- Not available in the provided text.