Compliance Specialist- AML/CFT - Insurance/Trust

TRUST RECRUIT PTE. LTD.; Singapore; On-site; SGD 60,000 - 100,000; Full time

Job summary

An established industry player is seeking a Compliance Officer to provide regulatory guidance and ensure adherence to laws and guidelines. This role involves conducting gap analyses, managing licensing processes, and overseeing KYC and KYT frameworks. The ideal candidate will have over 8 years of compliance experience within a regulated financial institution and a strong understanding of Singapore’s regulatory framework. Join a dynamic team dedicated to promoting a strong culture of compliance and corporate governance, where your expertise will make a significant impact on the organization’s success.

Qualifications

• 8+ years of compliance experience in a regulated financial institution.
• Strong knowledge of Singapore’s regulatory framework and AML/CFT requirements.

Responsibilities

• Provide regulatory guidance and ensure adherence to laws and guidelines.
• Manage licensing processes and oversee KYC and KYT frameworks.

Skills

Regulatory Compliance

Analytical Skills

Risk Assessment

Communication Skills

Education

Bachelor's Degree in Finance

Bachelor's Degree in Law

Bachelor's Degree in Business

Job description

Job Description：

• Provide regulatory guidance to management and staff, ensuring adherence to applicable laws and guidelines.

• Conduct gap analyses on new and updated regulations to assess impact and recommend necessary actions.

• Develop and maintain internal compliance procedures in line with regulatory requirements.

• Manage the licensing process for representatives in accordance with regulatory standards.

• Oversee the Know Your Customer (KYC) process in Singapore, including reviewing customer documentation, conducting due diligence on prospective clients, and performing periodic reviews of existing clients.

• Administer the Know Your Transaction (KYT) framework by reviewing and updating AML/CFT policies and procedures, ensuring alignment with regulatory expectations. This includes reviewing transaction monitoring alerts and evaluating the effectiveness of monitoring parameters.

• Design and implement a comprehensive compliance monitoring program to verify adherence to internal compliance policies.

• Deliver compliance training to staff to enhance awareness and understanding of regulatory obligations.

• Escalate significant compliance issues to the Head of Compliance, particularly those arising from review findings.

• Collaborate with business units to promote a strong culture of compliance and corporate governance through awareness initiatives, training, and proactive advisory support.

Job Requirements:

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

• At least 8 years of relevant compliance experience within a regulated financial institution, preferably in the insurance or trust sector.

• Strong knowledge of Singapore’s regulatory framework, including the Securities and Futures Act, Payment Services Act, and the Insurance and Trust Companies Acts, as well as prevailing AML/CFT requirements.

• Proven ability to identify and assess compliance risks, with sound judgment in escalating issues to senior management when necessary.

• Detail-oriented with strong analytical and time management skills; a collaborative team player who can effectively represent the compliance function in cross-functional projects.

• Capable of analyzing complex data and regulatory scenarios, applying sound judgment to resolve issues efficiently and effectively.

HOW TO APPLY:

Interested applicants, please click on “Apply Now” and provide the below details in your resume.

We regret only shortlisted candidates will be notified.

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