Manager, Compliance and Risk

ROECNY PTE. LTD.; Singapore; On-site; SGD 80,000 - 120,000; Full time

Job summary

A financial services firm in Singapore is seeking a Manager, Compliance and Risk. Responsible for developing and maintaining compliance frameworks and conducting risk assessments, the ideal candidate will have expertise in regulatory requirements and auditing processes. The position requires strong investigative skills and the ability to provide guidance on compliance matters. Knowledge of banking license obligations in Singapore and anti-money laundering practices is essential. This role offers a dynamic environment and opportunities to influence compliance initiatives.

Qualifications

• Strong understanding of compliance regulations and risk management practices.
• Experience in conducting audits and monitoring compliance.
• Proven ability to deliver training and awareness programs.

Responsibilities

• Develop and implement compliance policies and risk management frameworks.
• Conduct regular risk assessments and audits.
• Investigate compliance violations and prepare reports for management.

Skills

Risk management frameworks

Policy development

Compliance protocols

Investigative skills

Regulatory knowledge

Education

Degree in Finance, Law, or related field

Job description

Key responsibilities of ROECNY Manager, Compliance and Risk

• Policy and program development:Develop, implement, and maintain information technology system integration, risk management frameworks, policies, and procedures to ensure compliance with laws and internal standards.
• Risk assessment and mitigation:Conduct regular risk assessments to identify potential issues, evaluate the effectiveness of controls, and develop strategies to mitigate risks to the organization's assets, reputation, and operations.
• Auditing and monitoring:Perform internal reviews, checks and re-performance of business processes to ensure compliance with established policies and regulations.
• Training and awareness:Design, procure and /or conduct training programs to educate employees on compliance protocols, legal requirements, and ethical conduct.
• Investigation and reporting:Investigate potential compliance violations, follow up on incidents, and prepare comprehensive reports for senior management on compliance status and potential risks.
• Regulatory liaison:Act as a point of contact with external auditors, regulators, and industry bodies to stay current with changes and ensure adherence to external requirements.
• Advisory role:Provide guidance and expertise to internal departments and management on risk management and compliance matters, advising on new initiatives and potential risks.
• Specific requirement:Knowledge in and implementations of the obligations of a banking licence issued by the Monetary Authority of Singapore.
• Specific requirement:Knowledge in and implementations of account onboarding and periodic monitoring processes to manage the risks relating anti-money laundering and countering the financing of terrorism.