Compliance Manager, Banking (Perm)

PERSOL SINGAPORE PTE. LTD.; Singapore; On-site; SGD 80,000 - 100,000; Full time

Job summary

A banking organization in Singapore is looking for a Compliance Officer with 5–7 years of experience in risk management. The role includes providing compliance oversight, liaising with regulatory bodies, and conducting risk assessments. The ideal candidate will have a bachelor’s degree and professional certifications such as CAMS, with excellent communication and interpersonal skills. Proficiency in Microsoft Office is required, and candidates will engage in developing compliance policies and conducting training.

Qualifications

• Minimum 5–7 years of relevant compliance experience in banking or financial services.
• Professional certifications like CAMS or equivalent are advantageous.
• Hands-on experience in KYC/CDD and AML investigations.

Responsibilities

• Provide compliance oversight and ensure adherence to regulatory requirements.
• Act as the primary liaison with regulators for compliance matters.
• Support compliance-related risk assessments and control evaluations.

Skills

Compliance or risk & control experience

Understanding of MAS regulations

Strong communication skills

Interpersonal skills

Advanced proficiency in Microsoft Office

Education

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

Job description

Key Responsibilities

• Provide compliance oversight to safeguard the Bank’s reputation and ensure 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 the 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 (e.g. Board, Risk Committees), including pre-meeting logistics, agenda preparation, and minute taking.

• 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 escalate 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 a 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 internal and external relationships.

• Advanced proficiency in Microsoft Office; familiarity with compliance monitoring tools and AML systems is preferred.

EA License No. 01C4394 • RCB No. 200007268E

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