Senior Compliance Officer

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

Job summary

A financial services firm in Singapore is seeking a Compliance Officer to develop and implement compliance programs in line with MAS regulations. The successful candidate will have direct experience in compliance within the financial industry, with a strong understanding of local regulations. Responsibilities include conducting compliance training, performing risk analysis, and ensuring adherence to regulatory standards. Fluency in English and knowledge of Mandarin are beneficial.

Qualifications

• 3-5 years of experience in a Compliance, Audit or risk role within the Financial Industry.
• Knowledgeable about local regulations like the Financial Advisers Act and Regulations.
• Fluency in English with basic Mandarin as an advantage.

Responsibilities

• Establish and maintain a compliance framework for the firm.
• Develop and implement a Compliance program adhering to MAS regulations.
• Conduct regular reviews to ensure compliance with internal policies.

Skills

Knowledge of MAS regulations

Interpersonal skills

Communication skills

Customer Due Diligence expertise

Education

Diploma or Bachelor's degree

Job description

Roles & Responsibilities

JOB DESCRIPTION :

This role is responsible for establishing and maintaining a robust compliance framework to safeguard the firm against regulatory, reputational and operational risks.

• Development and implementation of a Compliance program to comply with MAS regulations,including the designing of policies and internal controls to effectively mitigate and manage regulatory and operational risks.
• Keep abreast of regulatory updates , industry practices and emerging trends to safeguard the company.
• Review of new MAS notices and guidelines , and to perform risk analysis on their relevancy to take appropriate steps to mitigate such risk.
• Provide advisory to business units and internal stakeholders on MAS regulations, notices, and guidelines, and conducting thorough risk analysis on new or amended regulations to determine relevancy and the required operational impact.
• Deliver compliance training to management and employees to promote a good culture of compliance.
• Conduct Customer Due Diligence and AML / CFT name screening as part of onboarding process.
• Conduct regular reviews of internal processes and activities to ensure compliance with Company Policies, compliance framework and MAS regulations.
• Provide accurate and timely regulatory reports to MAS and other relevant bodies, including reportingany compliance incidents and filing of STRs with the authority.

Qualifications and Skills

• Diploma or Bachelor degree or equivalent.
• Minimum of 3-5 years of direct experience in a Compliance, Audit or risk role within the Financial Industry.
• Demonstrated knowledge of local regulations, specifically the Financial Advisers Act (FAA), Financial Advisers Regulations (FAR) and relevant MAS Notices.
• Excellent interpersonal and communication skills.
• Fluent in verbal and written English.
• Basic verbal and written Mandarin is an advantage.
• Prior experience in a Financial Advisory firm is highly preferred.