Senior Compliance Officer

ST. JAMES'S PLACE (SINGAPORE) PRIVATE LIMITED; Singapore; On-site; SGD 80,000 - 120,000; Full time

Job summary

A leading company in the financial services sector in Singapore is seeking a Senior Compliance Officer to oversee compliance with AML regulations and provide advisory support. The role includes developing policies, conducting compliance training, and ensuring adherence to company and regulatory standards. The ideal candidate will possess strong analytical skills, a deep understanding of financial regulations, and a proven track record in a similar compliance role.

Qualifications

• Good understanding of AML/CFT and financial crime regulations.
• Experience as AML compliance officer or similar role.
• Strong analytical and critical thinking skills.

Responsibilities

• Provide compliance oversight and monitor AML regulatory requirements.
• Conduct compliance training and manage audits for adherence.
• Undertake periodic reviews and manage suspicious transactions.

Skills

Analytical skills

Attention to detail

Communication skills

Interpersonal skills

Education

AML compliance knowledge

Understanding of MAS regulations

Experience in compliance or auditing

Job description

Main Purpose of Job:

The Senior Compliance Officer will be responsible for providing AML and compliance oversight, monitoring and consultancy in respect of all MAS regulations relevant to the distribution business of SJP Singapore, as well as to research, manage and implement regulatory requirements and best practices set out by the regulators and relevant authorities/associations.

The individual will also be required to work closely with the business to ensure that all members of staff, appointed representatives and those associated with the company are fully conversant with and adhere to all rules and regulations detailed in the Securities and Futures Act, Financial Advisers Act and the subsidiary legislations, as well as any other relevant requirements.

Key Responsibilities of the Job:

• Ensure that the Company’s Compliance Monitoring Program is kept relevant and perform the checks as required on a timely basis.
• Assist the Head to revise the Company’s Enterprise-Wide Risk Assessment, Money Laundering Prevention Handbook and other relevant internal documents on a periodic basis.
• Provide timely and accurate compliance advisory support to Partnership and relevant departments, from an AML/CFT perspective, and support enhanced due diligence reviews from onboarding and ongoing perspective.
• Undertake ongoing periodic reviews, name screening, transaction monitoring, and manage potential fraud cases and suspicious transactions if any. This includes escalation to the regulators where appropriate.
• Conduct compliance training for new joiners and issue internal updates to the Partnership and employees on an ongoing basis.
• Ensure the timely provision of appropriate management information to facilitate internal reporting and evaluation of the effectiveness of compliance controls and procedures.
• Liaise with auditors and/or authorities to fulfill inspection requirements when required and ensure corrective actions are implemented.
• Manage other AML/CFT and Compliance-related areas and ad-hoc projects as assigned.

Requirements of the Job:

Job Knowledge:

• Good understanding and working knowledge of AML/CFT and financial crime-related regulatory requirements issued by MAS.
• General knowledge of the Securities and Futures Act, Financial Advisers Act, Personal Data Protection Act and the subsidiary legislation, as well as any other requirements.
• Experience of interacting with the local regulators, auditors, authorities/associations or similar.
• Experience in auditing or compliance monitoring/reviews.

SJP Business Expertise:

• Proven experience in the capacity of an AML compliance officer or similar role.
• Proven experience in developing and implementing policies, procedures, and controls and conducting compliance reviews.

Problem Solving:

• Strong analytical and critical thinking skills
• Capable of balancing compliance risk and commerciality.
• Attention to detail.

Nature and Scope of Impact:

• To promote a risk-aware culture across the senior management team, Partnership and back-office teams in Singapore.

Interpersonal Skills:

• Flexible and open to change; adapts behaviour and work methods accordingly.
• Confident, hands-on and possess the ability to develop strong working relationships.
• Ability to make decisions and comfortable to provide advice independently.
• Good verbal and written communication skills.
• A capable team player who is self-motivated.