Compliance Manager, Banking (Perm) UID:2269

PERSOL; Singapore; On-site; SGD 70,000 - 90,000; Full time

Job summary

A leading compliance consultancy in Singapore seeks a Compliance Officer to oversee regulatory adherence and provide guidance on compliance matters. The role requires 5-7 years in compliance or risk control, with a bachelor's degree in a relevant field. The candidate must possess strong communication skills and experience in KYC/CDD and AML investigations. You will act as a liaison with regulators and prepare compliance reports for management. This position offers opportunities for professional growth in a dynamic environment.

Qualifications

• 5–7 years of relevant compliance or risk & control experience in banking or financial services.
• Strong English oral and written communication skills.
• Hands-on experience in KYC/CDD and AML investigations.

Responsibilities

• Provide compliance oversight to ensure adherence to regulatory requirements.
• Act as the primary liaison with regulatory bodies.
• Design and deliver compliance training programs for staff.
• Prepare and present compliance reports to senior management.

Skills

Compliance monitoring

Regulatory understanding

Communication skills

Interpersonal skills

Education

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

Tools

Microsoft Office

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 escalation 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.