Job Description

Keeping abreast with changes to regulatory requirements for AML/CFT and communicating the changes internally with a view to ensuring established policies, procedures and processes are in compliance with new requirements. Review and updations of Compliance Dept. policies like AML CFT, Compliance policy ,Outsourcing policy etc \xe2\x80\xa2 Updating of Country and Tax Risk Rating as per FATF and OECD, any updation by FATF and OECD, to disseminate the changes to business units. \xe2\x80\xa2 Independent Review of new customer for on boarding and Review of Periodically MR/HR CDD for existing customers. \xe2\x80\xa2 Preparation of AML Questionnaire, FATCA Questionnaire and Wolfsberg Questionnaire of bank. \xe2\x80\xa2 Maintaining of Regulatory Obligation Register and KYC Registry \xe2\x80\xa2 To review of production orders from Commercial Affairs Department (CAD), Inquires from other law enforcement agencies such as Inland Revenue Authority of Singapore (IRAS), Corrupt Practices Investigations Bureau (CPIB) and from Singapore Customs. \xe2\x80\xa2 To review alerts actioned by business units under Firco-Continuity (Swift Messages), Firco-Trust (Customer Name Screening) and Compliance Link (Trade Finance) on a daily basis. \xe2\x80\xa2 To file STRs once approved by Compliance Incharge and Senior Management \xe2\x80\xa2 Daily Monitoring of Transactions carried out by High Risk Customers and transactions to or from High Risk Countries by Low/Medium or High Risk customers escalated by business units for review and approval \xe2\x80\xa2 To ensure staff undertakes quarterly desktop e-learning viz., Thomson Reuters platform and report the outcome of test undertaken by staff to CCM \xe2\x80\xa2 All Head office & regulatory reporting/submission of reply pertaining to Compliance departments. \xe2\x80\xa2 Transaction monitoring. Identify, investigate and document reports of unusual and suspicious transactions. Escalate any unusual and suspicious to department head. \xe2\x80\xa2 Coordinating Compliance committee meeting every month and preparation of agenda and minutes. \xe2\x80\xa2 Filling of CRS/FATCA return to Tax authorities in co-ordination with Deposit Department. \xe2\x80\xa2 Validation of all regulatory reports of the branch. \xe2\x80\xa2 Compilation and review of Enterprise Wise Risk Assessment (EWRA) of BOIS in co-ordination with respective business units once every two year or when material trigger events occur. > Liaise with internal auditors to ensure all observations are rectify.
Ensure all reports are submitted to Group Compliance in accordance with deadlines. Participate in any ad-hoc related projects and to provide assistance in the preparation of audit deliverables