Job Description

Job Overview

Implement compliance framework comprising of policies, procedures, work products based on regulations of the Monetary Authority of Singapore and the Securities and Futures Act, (SFA) and monitor compliance through Compliance Monitoring Program.

Job requirements

To conduct account opening reviews for client onboarding and ongoing reviews as well as review of onboarded counterparties (banks, brokers, custodians), as per the AML policy and procedures for clients and onboarding procedures for counterparties and to escalate issues that are non-compliant with the policies and procedures for corrective actions. Provide day-to-day KYC/sanctions/ screening/ AML/CFT advice and guidance on a need-to basis to respective stakeholders, including management, sales and back-office staff. Identifying and escalating any issues, risks or control weaknesses in onboarding process, workflows and controls and suggest solutions to improve control processes. Assist and advise on automating procedures relative to client onboarding, counterparty onboarding, and similar to enhance the compliance environment. Perform regular compliance reviews and assessments as per the firm's Compliance Monitoring Program (the CMP) and ensure over an annual period all reviews as per CMP are completed as directed by the Head of Compliance. Ensure regular reports (at least quarterly) are made to the Head of Compliance on the reviews and highlight breaches observed if any with recommendations. Assist to co-ordinate and follow up on internal audit findings. Assist to support review of the firm's risk management framework and ensure compliance risks are mitigated. Discuss the key risks with Head of Compliance and advise controls to mitigate the same. Keeping abreast of regulatory and legal initiatives, highlighting significant AML/KYC as well as sanctions compliance changes and advising on impact/ implications of changes in regulation to onboarding processes and implement relevant changes to the policy and procedures. Assisting in the preparing of the firm's EWRA as well as reviewing CBDDQ/FCCQ responses for impact to the firm's AML/CFT program. Perform ongoing surveillance reviews in the areas of transaction monitoring and trade surveillance liaising with relevant parties to obtain explanations and/ or perform 2nd line review for trade surveillance alerts. Report issues to Head of Compliance for further actions. * Ensure regulatory compliance with respect to MAS and SFA regulations applicable to the firm's core business of agency brokerage including settlement and custody more particularly the client asset segregation rules.