Compliance Officer

IN.CORP INTERNATIONAL BUSINESS PTE. LTD.; Singapore; On-site; SGD 45,000 - 60,000; Full time

Job summary

A compliance services company in Singapore is seeking a Compliance Officer to conduct KYC due diligence, manage compliance documentation, and monitor regulatory updates. The ideal candidate will have a Bachelor’s degree in a relevant field, at least 2 years of related experience, and strong analytical skills. Proficiency in Mandarin and a solid understanding of Singapore AML regulations are essential. This position offers the opportunity to enhance internal compliance processes in a fast-paced environment.

Qualifications

• Bachelor’s degree or above in relevant fields is preferred.
• At least 2 years of experience in compliance or relevant fields required.
• Good understanding of Singapore AML/CFT regulations essential.
• Strong analytical skills and risk awareness required.
• Proficient in both English and Mandarin to communicate effectively.

Responsibilities

• Conduct KYC due diligence on clients in compliance with regulations.
• Review and manage compliance documentation for alignment with standards.
• Monitor regulatory updates and assist in policy changes.
• Participate in compliance risk assessments and identify improvement measures.
• Perform Enhanced Due Diligence for high-risk clients and transactions.
• Provide compliance support and training to teams.

Skills

Strong analytical skills

Risk awareness

Proficient in Mandarin

Compliance knowledge

Education

Bachelor’s degree in Law, Finance, Accounting, Risk Management or related fields

Job description

Key Responsibilities

• 1. Client AML / KYC due diligence
  Responsible for conducting KYC due diligence on new and existing clients, verifying UBOs, reviewing source of funds/wealth, and assigning client risk ratings in compliance with Singapore AML/CFT regulations.
• 2. Compliance documentation review and management
  Review and manage compliance documents such as directors’ and shareholders’ identification, proof of address, and corporate structure charts, ensuring alignment with ACRA / MAS standards. Coordinate with clients for additional or updated documents where required.
• 3. Regulatory updates monitoring and internal policy updates
  Monitor regulatory updates from Singapore authorities such as ACRA and MAS, and assist in updating internal compliance policies and SOPs accordingly.
• 4. Compliance risk assessment and internal control support
  Participate in compliance risk assessments for both clients and internal processes, identify potential risks and propose improvement measures to strengthen internal controls.
• 5. Handling of high-risk customers and transactions
  Perform Enhanced Due Diligence for high-risk clients and sensitive transactions such as cross-border structures, crypto, family trusts and VCC structures.
• 6. Internal compliance support and training
  Provide compliance advisory support to the corporate secretarial and client servicing teams, and assist in internal compliance training to enhance overall compliance awareness.

Job Requirements

• 1. Education requirements
  Bachelor’s degree or above in Law, Finance, Accounting, Risk Management or related fields is preferred.
• 2. Working Experience
  At least 2 years of experience in compliance, risk control or relevant fields. Experience in Singapore corporate secretarial firms, accounting firms, banks or trust companies will be an advantage.
• 3. Regulatory Awareness
  Good understanding of Singapore AML/CFT regulations, ACRA and MAS compliance requirements, and basic knowledge of the Singapore Companies Act.
• 4. Competencies and Qualities
  Strong analytical skills and risk awareness. Meticulous, responsible, and able to handle multiple tasks in a fast-paced environment.
• 5. Languages and Communications
  Proficient in both English and Mandarin (written and spoken) to communicate effectively with local and cross-border clients.