Senior Compliance Officer | Singapore, SG

Non-disclosed; Singapore; On-site; SGD 70,000 - 90,000; Full time

Job summary

A financial management firm in Singapore is seeking an experienced Compliance Officer to support regulatory and business operations. The candidate will handle KYC for high-net-worth clients, ensure compliance with MAS regulations, and conduct compliance training. Ideal candidates have 5-7 years in private wealth management compliance and fluency in English and Chinese. This role offers a challenging and rewarding career in a dynamic environment.

Qualifications

• Minimum 5 - 7 years of relevant compliance experience in private wealth management.
• Strong understanding of Singapore's regulatory framework under SFA.
• Proficient in English and Chinese (spoken and written).

Responsibilities

• Act as the compliance lead for onboarding high-net-worth individuals.
• Provide guidance to front office on KYC/CDD requirements.
• Conduct sample testing and monitoring for compliance controls.

Skills

KYC Advisory

Regulatory Compliance

Stakeholder Engagement

Analytical Skills

Time Management

Communication

Education

Bachelor's degree in Accounting, Finance, Business or related discipline

Job description

We are a Singapore-based fund management company backed by a well-established financial institution in Hong Kong. We offer a diverse range of asset and wealth management services tailored to institutional and high-net-worth clients and we are looking for a dedicated and experienced Compliance Officer to join our Singapore office to support our regulatory and business operations.

Key Responsibilities:

• KYC Advisory & Client Onboarding (PWM Focus):
• Act as the compliance lead for onboarding high-net-worth individuals and corporate clients under the Private Wealth Management (PWM) business.
• Review account opening requirements and ensure compliance with internal and regulatory requirements relating to KYC, CDD, source of wealth/funds, beneficial ownership, and ongoing client risk assessments.
• Provide guidance to front office and onboarding teams on KYC/CDD requirements (including FATCA/CRS requirements), review high-risk or complex client profiles, third party fund transfer and large fund deposit/withdrawal reviews.
• Support periodic and event-driven client reviews, including enhanced due diligence (EDD) for high-risk clients and structures such as offshore entities, trust, and nominee arrangement.
• Manage control room responsibilities, including maintaining the firm's restricted and watch lists, handling personal account dealing (PAD) approvals and monitoring, conflicts of interest management, entertainment & gift declarations, and annual employee attestation processes.
• Develop and maintain policies and procedures to ensure effective compliance with anti-money laundering (AML), countering the financing of terrorism (CFT), sanctions, anti-bribery and corruption (ABC) obligations, and control room requirements.
• Conduct periodic risk assessments of AML/CFT controls and contribute to the firm's enterprise-wide AML/CFT risk assessment (EWRA)
• Assist in monitoring unusual transactions and preparing Suspicious Transaction Reports (STRs) where necessary.
• Deliver internal training sessions on KYC/AML obligations and control room requirements.
• Conduct sample testing and monitoring to ensure operational adherence to key compliance controls.

4.Regulatory Compliance & Filing:

• Assist in the interpretation and application of MAS regulations relating to AML/CFT, sanctions, and conduct obligations under the CMSL regulatory regime.
• Support internal reviews and audits related to compliance function.
• Support MAS-related filings and regulatory engagement, including FATCA/CRS reporting.
• Coordinate the licensing of appointed representatives and directors with MAS, and maintain related records.

5.Other Responsibilities:

• Provide timely and accurate compliance reporting.
• Handle ad hoc compliance projects or tasks as assigned by the Head of Compliance & Risk.

Requirements:

• Bachelor's degree in Accounting, Finance, Business or related discipline.
• Minimum 5 - 7 years of relevant compliance experience in private wealth management compliance (preferably in brokerage house and/or private banks) with in-dept knowledge of MAS regulations.
• Strong understanding of Singapore's regulatory framework under the Securities and Futures Act (SFA), MAS Notices (especially AML/CFT requirements), and industry practices for CMSL holders
• Proven experience advising on KYC matters and onboarding for high-net-worth individuals and corporate clients
• Familiarity with MAS Notices (e.g. MAS Notice SFA 04-N02), MAS Guidelines, FATF standards and control room operations.
• Strong stakeholder engagement skills and ability to collaborate with front office and operations.
• Excellent communication, analytical and project management skills.
• Excellent time management skills and ability to work to tight deadlines and under pressure.
• Proficient in English and Chinese (spoken and written) as incumbent needs to liaise with HO colleagues and clients.

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