Job Description

Department Description

The position is within the Regional Sanctions Compliance Team, APAC, that is part of the Regional Financial Crime Unit (FCU), APAC. The main objective is to ensure compliance with both Group and local regulatory and compliance requirements related to any economic or financial sanctions or trade Embargoes (Sanctions).

The post holder is expected to be a Sanctions subject matter expert to work independently on certain run the bank and change the bank functions related to Sanctions advisory, alert management, investigations and controls implementation framework.

The post holder will also be one of the subject matter experts within the Regional Sanctions Compliance Team, APAC providing Sanctions expert advice to the business lines and support functions as well as work closely with local Compliance teams in APAC.

More generally, the post holder is expected to proactively implement policies and procedures, anticipate/identify as appropriate Sanctions related matters and risks in a timely manner and communicate effectively to relevant stakeholders, contribute to the Sanctions training and awareness program, conduct on-going review of the adequacy and effectiveness of the Sanctions control framework, and undertake ad hoc projects to enhance on an ongoing basis the Sanctions Compliance program.

Responsibilities:

• Perform analysis, liaise with Business Lines, KYC Team and other relevant departments to provide, in a timely manner, Sanctions compliance opinions in relation to (a) proposed transactions (including trade finance transactions, syndicated loans, debt issuances etc.) and (b) onboardings, regular and trigger event reviews of customers.
• Timely clearance of Sanctions related alerts, including but not limited to second level transactional sanctions screening alerts.
• Work with other Compliance/FCU teams, Business Lines, KYC Team and support functions in APAC to implement the relevant policies and procedures related to Sanctions Compliance program.
• Maintain a solid knowledge of sanctions regulations (including but not limited EU/US/UN and Singapore); ensure up-to-date knowledge on regulatory trends, trade-based money laundering typologies, market practices and standards.
• Contribute to the training of the Business Lines on Sanctions related matters and providing support to them to mitigate Sanctions and Embargoes related risks.
• Coordinate and manage regional governance meetings for FCU teams in APAC.
• Contribute to review and report the Management Information (KRI/KPI).
• Interact and collaborate with other teams at a local level (including AML/KYC, Regulatory, Transformation, COO teams) and at the Group level (Norms and Procedures, Oversight, Incidents teams) as well as FCU teams from other regions.
• Contribute to the development of Compliance within the Group and to enhance working methodologies (sharing best practices, promoting consistency in analytical approaches, etc.).
• Help to facilitate governance over Sanctions lists, screening and contractual frameworks.
• Assist in the review of regulatory examination and internal audit deliverables.
• Review for adherence to sanctions compliance policies and procedures and assist in maintaining these policies and procedures and establishing controls to test for adherence.
• Investigate and review potential breaches and present the residual risks to management.
• Work with business units on review and guidance regarding new product initiatives.
• Undertake ad hoc projects

Profile Required:

Education / Qualification

• Graduate level with legal / finance or other professional qualification in Singapore is required. Legal qualification covering EU or US law is a plus.
• Preferably holder of Certified Global Sanctions Specialist (CGSS) ACAMS certification.

Experience

• At least 3 years relevant experience in a financial institution, as part of dedicated Sanctions advisory and alerts management teams in Singapore.

Languages

• Fluency in both English and Mandarin, of which the latter is a plus as this role covers the APAC region including China, and as such, will manage documents of client transactions that are in Mandarin

Technical Skills

• Solid knowledge of EU, OFAC, UN and Singapore sanctions regimes
• Good understanding of financial crime risks, risk assessments and controls in relation to Sanctions related matters.
• Good understanding of trade finance products and the business line activities including market activities.
• Working knowledge of global regulatory and financial services legislation as it pertains to Sanctions & Embargoes rules relevant to the business lines.

Personal abilities

• Good communications and influencing skills
• Good presentation and report-writing skills
• Excellent analytical skills and a critical thinker
• Excellent adaptability to an international environment
• Open-minded, willing to take suggestions and work together for solutions
• Proactive with a strong motivation to learn and gain knowledge required to perform

Behavioral Skills

• Client - Understanding and Respect: I listen to clients and colleagues in order to understand and anticipate their needs
• Team Spirit - Open mindset: I listen and share my views and my expertise in an open mode
• Innovation - Simplification: I make things & ideas simple
• Responsibility - Accountability: I make decisions in my scope of responsibilities
• Responsibility - Performance: I strive for high performance
• Commitment - Sustainability: I strive to develop my skills and knowledge

We regret to inform that only shortlisted candidate will be notified. -

Additional Information

Career Level

Not Specified

Qualification

Not Specified

Job Type

Full-Time

Job Specializations

,

Company Overview

SG Private Banking (Asia Pacific), a core business of the Soci\xc3\xa9t\xc3\xa9 G\xc3\xa9n\xc3\xa9rale Group offers a global, integrated and tailored range of innovative products and services dedicated to wealth management and the personal investment needs of high networth individual clients. SG Private Banking has established offices in key Asian countries reflecting SG\'s global development of Private Banking, in which Asia Pacific plays a key role.

Additional Company Information

Registration No.

S78FC2761B

Company Size

1 - 50 Employees

Industry

Banking / Financial Services

Benefits & Others

Medical, Regular hours, Mondays - Fridays, Casual (e.g. T-shirts)

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