Compliance Officer (1-Year Contract)

EMIRATES NBD BANK (P.J.S.C); Singapore; On-site; SGD 52,000 - 90,000; Full time

Job summary

The Emirates NBD Bank (P.J.S.C) Singapore Compliance department ensures adherence to MAS regulations, AML/CTF controls, sanctions, and licensing requirements, supporting the business with guidance and risk mitigation. The role conducts timely compliance monitoring, manages alerts and compliance registers, assists regulatory reporting, and performs name searches.

Requirements include a degree and solid knowledge of Financial Crime and Regulatory Compliance, plus strong communication and time

Qualifications

• Degree holder with familiarity in Financial Crime Compliance.
• Good understanding of Regulatory Compliance concepts and frameworks.
• Strong written and verbal communication skills.

Responsibilities

• Timely conduct of compliance monitoring as assigned with quality output.
• Support management of compliance outsourcing.
• Conduct name searches in response to requests from head office/regulators/law firms.
• Manage alerts generated in compliance systems and escalate as needed.
• Assist in preparation of regulatory reporting.
• Maintain designated compliance registers accurately and timely.
• Undertake additional compliance tasks as assigned.

Skills

Regulatory compliance

Financial crime knowledge

Communication skills

Time management

Problem solving

Education

Bachelor's degree

Job description

Job Description

The Singapore Compliance department is responsible for ensuring that the Bank complies with all relevant local laws and regulations (primarily those of the Monetary Authority of Singapore) as well as Group Compliance Policies and Procedures. This includes compliance with Sanctions, Anti Money Laundering(AML) and Countering of Terrorism Financing (CTF) requirements, licensing etc.

SIN Compliance department achieves this via:

• Setting out the relevant regulatory requirements and expectations that the Bank must comply with in an Obligations Register and thereafter maps the obligations to the Bank’s policies, procedures and processes (including systems).
• Working with relevant stakeholders to monitor and establish appropriate policies, procedures and processes to ensure compliance with regulatory requirements, expectations and industry best practices.
• Providing official written and informal guidance and advice on compliance matters to the respective businesses as and when required (e.g. on a client, product or transaction basis).
• Ensuring that appropriate training is given to relevant staff on the Bank’s compliance policies and procedures (including AML/CFT, sanctions and regulatory)
• Undertaking periodic, risk based, Compliance Monitoring to ensure the Bank’s policies and procedures are being complied with and significant non-compliance issues are escalated to management.
• Managing key Compliance systems such as Customer Screening, Transaction Screening and AML Monitoring.
• Managing the alert investigation process arising from the key Compliance systems and making the necessary escalations to management and disclosures to the relevant authorities.
• Responding to relevant regulatory requests to review and provide relevant information (e.g. customer, transaction, policy, procedures, training, compliance monitoring and process details) or cooperation in a timely manner.

Job Purpose

The incumbent is expected to support the Compliance team in carrying out designated compliance tasks to ensure that the Bank meets its regulatory obligations and mitigates compliance risks and breaches, including fines, regulatory sanctions and reputational damage.

Responsibilities

• a)Timely conduct of compliance monitoring as assigned, with good quality of work delivery
• b)Supporting the management of compliance outsourcing
• c)Conducting name searches in response to requests from head office, regulators, law firms etc
• d)Management of alerts generated in compliance systems
• e)Support in preparation of regulatory reporting
• f)Timely and accurate maintenance of designated compliance registers
• g) Undertaking additional compliance tasks as duly assigned

Requirements

• Minimally a degree holder
• Prior experience/ possessing good knowledge and understanding of Financial Crime Compliance
• Prior experience/ possessing good knowledge and understanding of Regulatory Compliance
• Problem identification and solving skills
• Good written and oral communication skills
• Good time management skills and adherence to deadlines
• Motivated and positive