Manager, Compliance

CHINA CITIC BANK INTERNATIONAL LIMITED Singapore Branch; Singapore; On-site; SGD 60,000 - 90,000; Full time

Job summary

A leading banking institution in Singapore is seeking a Compliance Officer to assist in managing the AML and regulatory compliance program. The role involves reviewing KYC/CDD documents, conducting compliance testing, and participating in AML system enhancement projects. Candidates should possess a degree in Banking and Finance and have 3 to 5 years of relevant experience, preferably in private banking. Professional compliance qualifications such as ICA or ACAMS are preferred.

Qualifications

• 3 to 5 years of experience in auditing or compliance, preferably in private banking.
• Experience in banks in Singapore or regulatory bodies is required.
• Professional Compliance qualifications such as ICA or ACAMS are preferred.

Responsibilities

• Assist in managing AML and regulatory compliance programs.
• Review KYC/CDD documents for customer onboarding.
• Conduct reviews of flagged transactions in the system.
• Participate in AML system enhancement projects.
• Interpret new regulatory requirements for stakeholders.
• Support gap analysis of regulatory requirements.
• Perform compliance testing and recommend control enhancements.
• Provide compliance training to employees.
• Follow up on audit findings and track remediation status.

Skills

AML Compliance Advisory

KYC/CDD

Regulatory Interpretation

Compliance Testing

Policy Development

Education

Degree in Banking and Finance or related discipline

Job description

Job Purpose

• Assist the Head of Compliance in managing the Branch’s AML and regulatory compliance program and carrying out compliance monitoring and reviews to ensure the Branch’s compliance with applicable laws and regulations (including MAS Notices and Guidelines, Securities & Futures Act and Financial Advisors Act, etc.) as well as supporting AML-related system projects and ensure timely implementation.

Job Responsibilities

• Provide Anti-Money Laundering (“AML”) and regulatory compliance advisory;
• Review KYC/CDD documents for the onboarding of new customers and periodic review of existing customers’ accounts;
• Conduct reviews of transactions flagged as alerts in the SAM ACTIMIZE System within the stipulated timelines;
• Participate in AML system enhancement projects and ensure timely implementation;
• Interpret and disseminate new regulatory requirements to the relevant stakeholders in the Branch and monitor the implementation status of such new requirements;
• Support the gap analysis of new regulatory requirements against Compliance Departments’ existing policy and procedures, and assist in closing such gaps by enhancing the existing compliance policy and procedures and monitoring programs;
• Perform compliance testing, identifying compliance control risks, recommending control enhancements to BU/SU, and reporting material risks to Branch and Head Office Management;·
• Provide support to business and/or supporting units in the development, implementation and regular review of policies and procedures for their compliance with relevant regulatory requirements;
• Follow up, track and report the status of remediation of internal and external audit findings, and;
• Provide compliance training to employees and manage ad-hoc compliance related tasks;
• Support the review and update of policies and procedures maintained by Compliance Department (e.g., Compliance Manual, Compliance Operations Manual, AML Policy and Procedures, Customer Data Protection Policy, etc.).
• Assist in any other ad-hoc Compliance related matters assigned by the VP or Head of Compliance.
• Support frontline and adhere to anti-money laundering / counter terrorist financing requirement and sanction risks controls in accordance with regulatory standards and CNCBI policies.

Job Requirements

• Degree holder in Banking and Finance, Accounting or related discipline
• Minimum 3 to 5 years general auditing or compliance experience (experience and knowledge in Private Banking/Wealth Management is preferrable) in banks in Singapore and/or regulatory bodies;
• Professional Compliance qualifications are preferred, such as ICA, ACAMS, etc.