Compliance Manager

ICICI BANK LIMITED; Singapore; On-site; SGD 120,000 - 200,000; Full time

Job summary

ICICI Bank Limited in Singapore is seeking a Compliance Manager to lead AML/CFT compliance, oversee branch-wide frameworks, and coordinate approvals for onboarding and due diligence.

The role includes conducting internal reviews, regulatory submissions, audits, and training, with emphasis on RBI/MAS guidelines and data protection responsibilities.

Qualifications

• 10+ years of banking compliance experience.
• Strong knowledge of RBI and MAS guidelines.
• Experience handling regulatory submissions, audits and inspections.

Responsibilities

• Oversee AML compliance function and relevant frameworks for the branch.
• Authorise approvals for customer onboarding and due diligence as required.
• Perform AML/CFT reviews and testing activities.
• Review policies, manuals, and product notes for AML/CFT.
• Coordinate regulatory inspections, audits, and reporting.
• Lead data protection responsibilities and training.
• Drive automation projects and liaise with Head Office.
• Organise periodic compliance training.

Skills

AML compliance

Regulatory knowledge

Due diligence

Audits

Job description

The key responsibilities of the Compliance Manager are:

• AML Compliance Function
• Primary responsibility of the AML related frameworks of the Branch
• Authorisation to accord requisite and relevant approvals for customer on-boarding, ongoing due diligence and transaction level approvals as material risk personnel (MRP) by delegation, as required
• Performance of Compliance reviews and testing on various AML/ CFT activities
• Reviewing of Policy, Manual, Product And Process notes relevant to AML/ CFT
• Follow-up with business and/or operations group on outstanding Audit/Compliance testing issues
• Involve the AML relevant systems UAT, enhancements and annual review
• Prepare EWRA exercise and methodology review
• Oversight on compliance related outsourced activities to Head Office, Compliance team
• Conduct periodic AML/ CFT training within Branch

Regulatory Compliance (Non AML)

• Conduct gap and impact analysis and assistance to implementation of new regulations and regulatory requirements
• Submission of the above review to head office and for internal update is to be done in a timely manner
• Handle follow up on the implementation of recommendations by various departments from Regulatory Inspection or reviews, Statutory audits, Independent Audit, Internal Audit
• Review of credit proposals from compliance perspective for all new and existing credit relationship of corporate banking Group
• Pre-trade clearance and submission of statement under the Personal Account Dealing framework of the Bank and carrying out periodic compliance review and testing. Review of Personal Account Dealing framework from time to time.
• Performance of compliance reviews and testing on various activities as per approved testing plan in BA, SFA and FAA
• Performing branch-wide Compliance Risk assessment
• Reviewing of Policy, Manual, Product and Process notes from regulatory compliance respective.
• Communication with the regulator under the delegation as MRP
• To undertake projects and assignments from time to time as directed by the HOD (e.g. CRAFT yearly audit, Independent audit, external audit, supervisory visits.)
• Organize and conduct periodic compliance trainings (e.g. fair dealing with customers, personal account dealing, SFA/FAA, individual accountability etc.)

Regulatory/ Internal Audits & Inspections

• Handling regulatory and internal audits and on-site inspections, including but not limited to RBI, MAS.
• Ensuring timely and accurate reporting of required information during the audits
• Liaising with different departments within the Branch to ensure smooth progress during the audits

Reporting

• Preparing reports (e.g.: monthly compliance report, Singapore Compliance and Audit Committee report/presentation and quarterly compliance certification) for onward submission to HO.
• Preparation and submission regular regulatory reports/survey under compliance team to the regulators

Data Protection

• Primary/ back-up responsibility of Data Protection Officer of the Branch
• Contribution to the development and implementation of data protection policies and procedures in compliance with the applicable laws and regulations to keep them updated.
• To advise business groups and other support/control groups for compliance of the data protection policy and conduct required trainings
• Identification and mitigation of data protection risks in relation to technology, outsourcing, marketing programmes.
• Be the nominated data protection officer of the Bank, coordination with the governmental and regulatory authorities in relation to the activities under the data protection laws and regulations as well as handling and leading on the resolution of complaints from the public and staff in relation to the data protection.
• Provide data protection training within the Branch

Others

• Leading a team of Compliance Managers, if required
• Driving automation and other projects, as required
• Acting as a bridge between Head Office and Singapore Branch for seamless collaboration
• Any other relevant task or responsibility as assigned by the Reporting Manager

Job Requirements

• Strong understanding and acumen of banking with 10+ years of relevant banking compliance experience in one or more of the above mentioned areas
• Strong understanding of banking regulations (RBI and MAS) and guidelines
• Prior experience handling regulatory submissions, audits and on-site inspections