Job Description

The Compliance Officer assists the Regional Head of Compliance in co-ordination and implementation of compliance initiatives, providing compliance advisory support in Singapore as well as the region where required. He/She supports the maintenance of compliance framework and relevant controls by keeping abreast of developments in industry regulations and trends to ensure appropriate coverage. He liaises with stakeholders to communicate current, new and changing compliance and regulatory matters and how they link to the organisation\'s context. He also supports the conduct of training, and development of communication material, to allow for the practice and maintenance of compliance within the organisation.

He liaises with the Regional Head of Compliance to set policies and procedures and establish governance relating to financial crime, which includes Anti-Money Laundering (AML) and combating the financing of terrorism, sanction, anti-fraud, bribery and corruption activities.

The Compliance Officer is familiar with local and international compliance and regulatory issues within the financial services industry. He is self-driven and comfortable working towards deadlines and executing tasks independently. He is analytical, detail-oriented, resourceful and a strong communicator. He is ethical in practice and able to execute judgment with integrity. His duties may require him to be contactable after office hours.

CRITICAL WORK FUNCTIONS AND KEY TASKS

• Maintain central compliance frameworks
• Develop, implement and maintain a monitoring and surveillance framework tailored for the branch\xe2\x80\x99s activities
• Identify relevant compliance regulations across the industry, the organisation and specific business units
• Identify changes in regulations which may impact the organisation\'s compliance policies and frameworks
• Highlight variances in compliance policies and frameworks for alignment
• Identify organisational risks to propose compliance controls to manage and mitigate risks
• Assist in reviewing, formulating, implementing and updating of compliance policies and procedures where necessary

Guide the implementation of compliance controls and remediation activities

• Recommend and implement compliance controls and risk management activities
• Conduct testing and surveillance activities to identify compliance control deficiencies
• Flag compliance breaches to the Head of Regional Compliance and to recommend/implement planned response activities
• Track the integration of central compliance policies and frameworks in business units
• Review advertising, marketing, new products and/or public-facing collateral for regulatory compliance

\xe2\x80\x8bProvide internal advisory and regulatory reporting support

• Support and assist the Regional Head of Compliance in managing and leading a small team on compliance matters
• Provide advisory and support to business lines and Senior Management
• Oversee and provide support to the Compliance team on transaction filtering matters, transaction monitoring/surveillance, approval of new client onboarding requests and other AML/KYC related matters
• Assist in providing oversight support to the region where required
• Develop and disseminate communication materials to support regulatory change management
• Source for data and assist in drafting reports for regulatory submissions
• Review business units\' activities to identify methods to improve regulatory compliance and propose recommendations
• Issue responses to compliance-related queries and act as point of contact for the compliance function
• Communicate policies and procedures to business units for implementation in response to compliance breaches or control deficiencies
• Review and propose improvements to drafts of regulatory reports on compliance created by business units
• Provide advisory/support for other projects and duties as assigned

Ensure effectiveness of monitoring, testing and/or surveillance mechanisms

• Keep abreast of the latest developments, changes and emerging regulatory and/or industry trends relating to compliance
• Ensure compliance requirements are incorporated into Information Technology (IT) systems used for monitoring, testing and surveillance
• Conduct research on possible technology and automation improvements which may be integrated into monitoring, surveillance or testing mechanisms
• Propose enhancements for parameter calibrations used in the surveillance process
• Conduct user testing for new models of monitoring, testing and surveillance systems

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