Risk and Compliance Manager

VELLFI PTE. LTD.; Singapore; On-site; SGD 60,000 - 80,000; Full time

Job summary

A financial services company in Singapore seeks an AML Manager to oversee regulatory examinations, provide compliance advice, and deliver training. The ideal candidate will have a Bachelor's degree and at least 3 years of experience in compliance within the financial sector. Proficiency in both English and Chinese is essential, along with strong analytical and organizational skills. This role demands the ability to work independently and manage multiple tasks effectively.

Qualifications

• Proven experience as an AML manager or similar role within the financial sector with over 3 years in compliance.
• Strong understanding of general rules and practices within the payment industry.
• Deep knowledge of payments regulatory frameworks.

Responsibilities

• Manages and coordinates regulatory examinations.
• Coordinates implementation activities with business lines.
• Delivers AML/CFT training to Company staff.

Skills

Fluent in both English and Chinese

Excellent analytical skills

Strong organizational skills

Strong communication skills

Ability to manage multiple tasks

Education

Bachelor’s degree in Law, Finance, Business Administration, or a related field

Tools

Microsoft Office

Compliance management software

Job description

Responsibilities

• Manages and coordinates regulatory examinations.
• Coordinates implementation activities with the lines of business and support groups to ensure that applicable business procedures get updated to incorporate program changes.
• Support regular AML compliance inquiry from other financial partners.
• In cooperation with MLRO fine‑tune thresholds by changes to Company's Risk profile.
• Develops training materials and provides guidance and advice on more complicated AML/CFT issues.
• Delivers AML/CFT training to Company staff.
• Participates in the design of transaction‑monitoring typologies.
• Performs financial investigations.
• Assist in preparing information for SAR reports.
• Creates and maintains CDD and EDD checklists.

Qualifications

• Bachelor’s degree in Law, Finance, Business Administration, or a related field.
• Fluent in both English and Chinese (written and spoken) is essential.
• Proven experience as an AML manager or similar role within the financial sector; 3+ years experience as a senior compliance specialist or manager in financial services compliance, preferably in one or more of the following settings: (i) payments company; (ii) bank; and (iii) payments regulatory body.
• Strong understanding of general rules and practices within the payment industry.
• Deep knowledge of payments regulatory frameworks and/or regulations.
• Proficiency with KYC/KYB and AML standards and practices in UK (e.g. source of income/wealth, ultimate wownership), knowledge for EEA area is also preferred.
• The ability to work independently with regulator when necessary and to provide directional guidance to other staffs or co‑workers.
• Familiar with IBAN account operations and able to assist in applying for relevant qualifications.
• Provide compliance advice in accordance with business needs and assist in the reporting and implementation of relevant policies.
• Excellent analytical, organizational, and communication skills.
• Proficiency in Microsoft Office and compliance management software.
• Ability to manage multiple tasks and prioritize effectively.