Compliance Manager (Banking)

KEXIM GLOBAL (SINGAPORE) LTD.; Singapore; On-site; SGD 80,000 - 110,000; Full time

Job summary

A prominent financial services firm in Singapore seeks a Compliance Manager responsible for overseeing compliance initiatives and ensuring adherence to regulatory requirements. Candidates should have 5–7 years of relevant experience in banking or financial services, a bachelor's degree in a related field, and strong knowledge of MAS regulations. This role demands excellent communication skills and the ability to work with regulators, making it essential to have a solid compliance background.

Qualifications

• Minimum 5–7 years of relevant compliance or risk & control experience in banking or financial services.
• Strong understanding of MAS regulations, Banking Act, and relevant legislation.
• Professional certifications such as CAMS or ICA Diploma in Compliance are advantageous.

Responsibilities

• Provide compliance oversight to safeguard the Bank's reputation.
• Act as the primary liaison with MAS and other regulators.
• Review, update, and implement compliance policies.

Skills

Compliance oversight

Regulatory affairs

AML/CFT compliance

Risk assessment

Interpersonal skills

KYC/CDD investigations

Communication skills

Education

Bachelor's degree in Law, Finance, Business or related discipline

Tools

Microsoft Office

Compliance monitoring tools

Job description

Compliance Manager

Key Responsibilities

• Provide compliance oversight to safeguard the Bank’s reputation and ensuring adherence to regulatory requirements including promoting best practices and awareness of MAS laws and regulations (AML/CFT and non-AML related) across the Bank.
• Act as the primary liaison with MAS, ABS and other regulators for clarifications on compliance matters, including Banking Act, MAS Notices, Guidelines and Circulars.
• Review, update and implement compliance policies, guidelines and procedures to ensure alignment with evolving regulatory requirements.
• Liaise with external auditors and regulators on queries, audits, inspections and licensing matters.
• Work closely with business units to monitor compliance with new and existing regulations and provide timely advice on regulatory compliance issues.
• Support compliance-related risk assessments, gap analyses and control evaluations to strengthen the bank’s compliance framework.
• Provide secretariat support for governance committees (ie. Board, Risk etc) including pre-meeting logistics, agenda and minute preparation.
• Conduct customer due diligence (CDD) and enhanced due diligence (EDD) for new and existing customers.
• Perform transaction monitoring, investigate suspicious activities, close false alerts and elevate cases for further review.
• Ensure compliance with MAS AML/CFT requirements and the bank’s internal AML/KYC policies.
• Design and deliver AML/CFT and compliance training programs for staff, including onboarding orientation for new joiners.
• Prepare and present compliance reports to senior management and the Board, highlighting key risks, regulatory updates and remediation measures.
• Participate in compliance-related projects, regulatory reviews, and new product assessments from a compliance perspective.

Key Requirements

• Minimum 5–7 years of relevant compliance or risk & control experience in banking or financial services.
• Bachelor’s degree in Law, Finance, Business or related discipline.
• Strong understanding of MAS regulations, Banking Act, Securities and Futures Act (SFA), Financial Advisers Act (FAA), and other relevant legislation.
• Professional certifications such as Certified Anti-Money Laundering Specialist (CAMS), ICA Diploma in Compliance or equivalent are highly advantageous.
• Hands-on experience in KYC/CDD, AML investigations, transaction monitoring, and preparation of Suspicious Transaction Reports (STRs).
• Strong English oral and written communication skills with proven ability to engage regulators and stakeholders.
• Excellent interpersonal skills to manage relationships internally and externally.
• Advanced proficiency in Microsoft Office; familiarity with compliance monitoring tools and AML systems is preferred.

We regret that only shortlisted candidates will be notified.