Compliance Analyst

Bank Of Taiwan; Singapore; On-site; SGD 60,000 - 80,000; Full time

Job summary

A financial institution in Singapore is seeking a Compliance Officer to assist with regulatory changes and compliance monitoring. The role involves conducting gap analysis, updating SOPs, and reviewing customer information for KYC compliance. Ideal candidates will possess a recognized university degree, strong analytical and communication skills, and attention to detail. Proficiency in Mandarin is advantageous, and prior banking experience is a plus.

Qualifications

• Degree from a recognized university.
• Experience in KYC/client onboarding/periodic review is beneficial.
• Detail-oriented and meticulous in work.
• Strong analytical, written, and verbal communication skills.
• Proficiency in Mandarin is beneficial.

Responsibilities

• Monitor regulatory changes and assist the Compliance Manager.
• Conduct gap analysis on regulatory updates.
• Update SOPs and procedures to comply with requirements.
• Perform compliance reviews and testing.
• Review Customer Due Diligence and KYC information.
• Advise business functions on compliance issues.

Skills

Attention to detail

Analytical skills

Written communication

Verbal communication

Education

Recognized University Degree

Job description

Job Description

• Keep abreast with regulatory changes, and assist the Compliance Manager in managing, monitoring, and reporting new regulatory changes to local Management and Head Office.

• Conduct gap analysis on new/existing MAS Notices, Guidelines, Information papers and Circulars related to regulatory updates.

• Updating of SOPs and procedures to comply with current/new regulatory requirements.

• Perform periodic compliance reviews and/or testing for compliance monitoring purposes of policies and procedures.

• Review and validate the quality of the Customer Due Diligence (CDD) and Know Your Customer (KYC) information on the bank's customers, in line with policies, at onboarding and periodic reviews.

• Provide advice to relevant business and support functions on compliance, KYC/CDD issues.

• Other ad-hoc tasks and projects as assigned by the Compliance Manager.

Requirements

• A recognized University Degree.

• Previous experience in KYC/client onboarding/periodic review role will be an added advantage.

• Meticulous and detail oriented.

• Possess strong analytical, written, and verbal communication skills.

• Proficiency in Mandarin is an advantage as the role requires some understanding of documents in Mandarin from Head Office.

• Previous experience working in Banks will be an added advantage.