Compliance Monitoring Officer

Valuemax Group Ltd; Singapore; On-site; SGD 48,000 - 72,000; Full time

Job summary

A leading company in Singapore is looking for a Compliance Officer to enhance their compliance monitoring and risk assessment strategies. The role involves conducting compliance reviews, preparing reports, and improving processes while ensuring adherence to regulatory requirements. Candidates with a Bachelor's degree and relevant experience are encouraged to apply.

Qualifications

• 2 years of experience in compliance, risk management, or audit within a regulated industry or Financial Institution.
• Fresh Graduates are welcome to apply.

Responsibilities

• Conduct compliance monitoring reviews across business units.
• Prepare detailed reports on findings from compliance monitoring.
• Collaborate with departments to assess compliance risks.

Skills

Analytical Skills

Attention to Detail

Communication Skills

Organizational Skills

Education

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

Professional certifications such as ICA

Job description

Key Responsibilities:

• Compliance Monitoring:
  • Conduct regular and ad-hoc compliance monitoring reviews across business units to assess adherence to internal policies and regulatory requirements
  • Perform reviews of business processes and operations to identify potential areas of non-compliance and recommend corrective actions.
  • Maintain and update a detailed schedule for monitoring activities, ensuring coverage of high-risk areas and priority business functions.

• Reporting and Documentation:
  • Prepare detailed reports on findings from compliance monitoring reviews, including identifying potential risks and recommending corrective measures.
  • Present review results and compliance status updates to Head of Compliance, highlighting trends and issues requiring attention.
  • Collaborate with internal stakeholders to design, review, and update internal compliance policies, procedures, and controls to ensure they meet regulatory requirements
  • Maintain accurate records of compliance activities, ensuring documentation is readily available for review.

• Risk Assessment:
  • Collaborate with other departments to assess compliance risks and develop strategies to mitigate them.
  • Identify emerging compliance risks and regulatory changes, providing recommendations for updates to policies and procedures.

• Process Improvement:
  • Work with Head of Compliance to continuously improve monitoring techniques and strategies to enhance compliance efforts.
  • Proactively identify areas for process improvement and work with relevant stakeholders to implement changes that strengthen compliance controls.

• Others:
  • Support audits, inspections conducted by regulatory agencies or external auditors.
  • Any other duties as instructed by Head of Compliance

Qualifications:

Education and Experience:

• Bachelor's degree in Business, Finance, Law, or any other related field.
• Professional certifications such as ICA will be an added advantage.
• 2 years of experience in compliance, risk management, or audit within a regulated industry or Financial Institution.
• Fresh Graduates are welcome to apply.

Skills and Competencies:

• Excellent analytical skills, with the ability to identify compliance issues and provide practical solutions.
• Attention to detail and the ability to work independently with minimal supervision.
• Strong written and verbal communication skills, with the ability to effectively present findings and recommendations to various stakeholders.
• Strong organizational skills and ability to prioritize tasks in a fast-paced environment.