Senior Compliance Officer

ioTech Solutions; Singapore; On-site; SGD 60,000 - 80,000; Full time

Job summary

A leading company in the FinTech sector seeks a Compliance Officer with 8 to 10 years of experience in AML functions. The role involves ensuring compliance with regulatory requirements, developing policies, and conducting risk assessments in a collaborative environment. Ideal candidates will have familiarity with financial services regulations and proficiency in relevant compliance software.

Qualifications

• 8 to 10 years experience in Compliance and AML functions within the financial services sector.
• Knowledge of financial services regulations and compliance policies.
• Proficiency in compliance applications such as Sumsub and Chainalysis.

Responsibilities

• Ensure compliance with laws and regulatory requirements.
• Develop and implement compliance policies for MAS requirements.
• Conduct regular risk assessments related to money laundering and terrorism financing.

Skills

Management Skills

KYC

Licensing

FinTech

Compliance

Chinese

Capital

Financial Services

Due Diligence

Regulatory Requirements

Mandarin

Stakeholder Management

Corrective Actions

Communication Skills

Problem Solving

Regulations

Records

Time Management

English

Training

Education

Professional qualifications pertinent to the financial services sector (ACAMS or equivalent AML certification)

Tools

Sumsub

Chainalysis

Job description

• Ensure compliance with all applicable laws and regulatory requirements locally.
• Develop and implement compliance policies and procedures for the local entity to meet the requirements of MAS.
• Assess emerging issues and risks and promptly escalate issues to CEO and Group Compliance.
• Report compliance activities and audits to the Board.
• Ensure appropriate corrective actions are taken for deficiencies in the CMS and/or non-compliance.
• May delegate compliance activities to professionals but remain accountable for all responsibilities.
• Responsible to liaise with and perform relevant notification to relevant regulators.
• Develop and implement an AML/CFT policy that complies with applicable regulations.
• Conduct regular risk assessments to identify and mitigate money laundering and terrorism financing risks.
• Ensure timely and accurate reporting of suspicious activities to relevant authorities.
• Carry out and ensure the implementation of customer due diligence (CDD) and enhanced due diligence (EDD) procedures.
• Conduct KYT due diligence reviews in a timely manner and suggest potential action points.
  
• Maintain comprehensive records of all AML/CFT activities and reports.
• Stay updated with the latest AML/CFT regulations and best practices.
• Provide regular AML/CFT training to staff.
• Liaise with regulatory bodies and law enforcement agencies regarding AML/CFTmatters.
• Other Adhoc tasks assigned by Group Compliance.

Requirements

• 8 to 10 years experience in Compliance and AML functions within the financialservices sector (KYC/KYB/KYT experience in Fintech or blockchain relatedindustry would be deemed an advantage).
• Knowledge and understanding of financial services regulations, compliance,policies, processes and procedures (Experience and knowledge in MAS Regulation would be deemed essential).
• Knowledge and experience of licensing applications of Capital Markets underMAS would be deemed an advantage.
  
• Proficiency in compliance applications and programmes such as Sumsub,Chainalysis etc.
  
• Interest in blockchain and digital assets, and willingness to work with otherteams in a highly collaborative start-up fintech environment.
  
• Well organised, detail oriented, presentable and with excellent communicationskills (both verbal and written) in English (Proficency in Mandarin would bedeemed an advantage for internal communication, since the company is amultinational one with many Tech employees who can speak Chinese only).
  
• Problem solving, time management, analytical, and investigative skills.
  Professional qualifications pertinent to the financial services sector (ACAMS, orequivalent AML certification)
  
• Demonstrated ability to analyse complex regulatory requirements and
  implement practical solutions.
  
• Exceptional communication and stakeholder management skills.
  
• Be open to performing other responsibilities associated with the position.

Required Skills:

Management Skills KYC Licensing FinTech Compliance Chinese Capital Financial Services Due Diligence Regulatory Requirements Mandarin Stakeholder Management Corrective Actions Communication Skills Reviews Problem Solving Regulations Records Time Management English Training Communication Management