Senior Associate/avp, Compliance & Aml Control, Global Trade Finance Smbc

Singapore, Singapore

Job Description


Job Requirements

  • To support and complete KYC processes of the department whilst ensuring quality and completion in a timely manner.
  • To conduct Trade Finance Transactions screenings and ensure screenings and checks are done within stipulated timeline.
  • To handle, track and manage as well as assist to guide the Team in all areas of KYC, Transactions screening, General Compliance and all other related matters.
  • To manage, plan ahead and prioritize on upcoming periodic review /new customers and guide team on document collection with GTFD Marketing Teams.
  • To conduct and guide the team in exceptional handling of KYC issues, events trigger, manage differences with other departments, all ad-hoc matters of the team, etc.
To ensure these are completed within stipulated timelines:
  • Prepare and ensure the necessary KYC reports are completed within stipulated timeline - monthly, ad-hoc, semi-annual and annual reports.
  • Train the department on KYC related study sessions.
  • Liaise with other Departments on KYC related issues.
  • Provide support on Compliance and Internal Control matters of the department.
  • Keep up-to-date on the procedures and policies in relation to KYC and update the relevant procedural manuals.
  • Handle any other ad-hoc duties or projects in relation to KYC that may be assigned from time to time.
To assist Team Leader / sub Team Leader to handle, manage and guide the team in General Compliance related matters:
  • To ensure annual, periodical, ad-hoc study sessions are conducted as refresher training or to update RMs on changes to laws and regulations.
  • Review and update the GTFD Compliance Handbook or any related procedures for Management\'s review and approval.
  • Review and update the following reports and submit for Management\'s review for submission to GTFD Chief Compliance Coordinator (CCC) and LCAPD respectively:
  • Monthly Compliance check sheets.
  • Annual Compliance Risk Assessment.
  • Ensure all marketing (GTFD pitch book, including advertising check sheet) and non-marketing materials are reviewed by LCAPD and approved by Management.
  • Reply to Compliance self-review / checks conducted by LCAPD:
  • Monthly customer feedback received for the department
  • Semi-annual -
  • Customer Protection.
  • AML Independent Review (deferred KYC, credit facilities for OFAC sanctioned countries check and record retention).
  • Annual -
  • Insider Dealing.
  • AML Independent Review (control of dormant account).
  • Banking Secrecy and Confidentiality.
  • Conflicts of Interest.
  • MAS 612.
  • Any other items (SFA / FAA / OTCD derivative related, etc.).
  • Act as liaison between GTFD and AMLPD/LCAPD to seek compliance clearance for compliance matters, eg, Conflict of Interest (COI), Price Sensitive Information (PSI), etc.
  • Ensure PSI information in the Restricted List database is properly maintained.
  • For COI, ensure Chinese walls are properly setup and memorandum approved by Management and circulated to LCAPD and COI Group Tokyo.
  • Ensure staffs comply with bank\'s internal policies, internal rules and procedures
  • Clean Desk Policy.
  • OFAC Policy.
  • PSI Rules.
  • Entertainment & Gift (E&G) rule.
  • Relief of Duties rule.
  • By conducting the following checks:
  • Monthly clean desk policy checks.
  • Monthly review of E&G applications.
  • Quarterly awareness of Compliance Rules.
  • Half-yearly refresher training on clean desk policy and email rules.
  • Monthly review of Relief of Duties form to ensure staffs who went on block leave comply with the rule.
  • Monthly check of leave records to ensure staffs who took medical/urgent leave applied leave in e-leaves system when they returned to office.
  • Review the control book for business trip applications and control book of taking out of documents to ensure staffs comply with internal rules.
  • On-going tracking and monitoring to ensure staffs complete all mandatory regulatory and compliance training by due date.
  • Liaise with PDAPD on application for usage of SMBC logos on tombstone.
  • Support and enlighten Front & Back Office staff in the area of compliance with internal and external requirements including procedures and guidelines.
Job Requirements
  • Recognised university degree with 5 to 7 years of equivalent experience in the banking industry.
  • Knowledge of regulatory compliance requirements, including broad knowledge of AML including KYC and sanctions.
  • Meticulous and possess good analytical and problem solving skills.
  • Good communication skills and able to interact with colleagues of all levels.
  • Works independently as well as within the team with the ability to multi-task, prioritise and work under pressure.

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Job Detail

  • Job Id
    JD1363996
  • Industry
    Not mentioned
  • Total Positions
    1
  • Job Type:
    Full Time
  • Salary:
    Not mentioned
  • Employment Status
    Permanent
  • Job Location
    Singapore, Singapore
  • Education
    Not mentioned