Contract Manager/ Senior Manager, Compliance (2 yrs contract)

IBFSG - The Institute of Banking & Finance Singapore; Singapore; On-site; SGD 60,000 - 90,000; Full time

Job summary

IBFSG - The Institute of Banking & Finance Singapore is seeking a Compliance Analyst to help combat fraud and abuse of funding schemes by analyzing assigned cases, conducting audits, and preparing reports.

You will identify high-risk entities through data analytics and support the Head of Compliance in designing tools to improve surveillance and ensure compliance with IBF’s terms and conditions.

Qualifications

• Proactive, self-driven, resourceful, and results oriented.
• Collaborative yet able to work independently in a team environment.
• Logical, organised, and systematic in handling and analysing information and data.
• Ability to question, probe and analyse.
• Good project and time management skills.
• Data literacy and ability to use data to support decision making would be an advantage.
• Relevant experience in auditing/ compliance roles in the area of government subsidies/ funding would be an advantage.

Responsibilities

• Primary role: Analyse assigned compliance cases for fraud, abuse, or breach of IBF T&Cs, conduct audit and investigation, prepare audit report, and make recommendations to conclude the cases and propose mitigating measures to prevent recurrence.
• Supporting role: Identify key risk areas and high-risk entities/ claims for audit through data and fraud analytics, anomaly detection, claims patterns, whistle blowing etc.
• Supporting role: Support Head of Compliance Division in designing and enhancing compliance tools and initiatives to enhance surveillance, deter abuses and improve voluntary compliance of IBF’s T&Cs.

Job description

The Institute of Banking and Finance (IBF) is the lead agency driving financial services industry workforce competency and transformation that is essential for Singapore’s continuing growth as an international financial centre. IBF works in partnership with the industry, government agencies and training providers to equip finance professionals with capabilities to support the growth of Singapore’s financial services. Since October 2020, IBF has been appointed the Jobs Development Partner for the financial services industry by the National Jobs Council.

To ensure that the sector’s workforce remains relevant amidst changing industry trends, IBF drives various jobs and skills initiatives. On the jobs front, these include career conversion programmes to re-skill finance professionals as well as build new talent pipelines for growth areas. IBF also provides personalised career advisory to jobseekers exploring new roles or a career switch into financial services. On the skills front, as the national accreditation and certification agency for financial industry competencies, IBF works closely with the industry to set out competency standards and raise the quality of finance professionals using the Skills Framework for Financial Services. To support this, IBF works closely with government agencies, financial institutions and training providers to promote the development of a vibrant learning and development ecosystem. IBF also administers regulatory examinations on behalf of the Monetary Authority of Singapore, as well as industry examinations such as the Client Advisor Competency Standards and Financial Markets Regulatory Practices.

For more information, please visit our website: www.ibf.org.sg.

Responsibilities:

As part of the Compliance Division, you will play a key role in combating fraud and abuse of funding schemes by detecting, preventing, deterring, mitigating, and preventing recurrence of such incidents. Responsibilities include:

Primary role: Analyse assigned compliance cases for any fraud, abuse, or breach of IBF T&Cs, conduct audit and investigation, prepare audit report, and make recommendations to conclude the cases and propose mitigating measures to prevent recurrence.

Supporting role: Identify key risk areas and high-risk entities/ claims for audit through data and fraud analytics, anomaly detection, claims patterns, whistle blowing etc.

Supporting role: Support Head of Compliance Division in designing and enhancing compliance tools and initiatives to enhance surveillance, deter abuses and improve voluntary compliance of IBF’s T&Cs.

Requirements:

• Proactive, self-driven, resourceful, and results oriented.
• Collaborative yet able to work independently in a team environment.
• Logical, organised, and systematic in handling and analysing information and data.
• Ability to question, probe and analyse.
• Good project and time management skills.
• Data literacy and ability to use data to support decision making would be an advantage.
• Relevant experience in auditing/ compliance roles in the area of government subsidies/ funding would be an advantage.