Job Description

Job Purpose:

Assist the Head of Compliance in managing the Branch\xe2\x80\x99s compliance program and carrying out compliance monitoring and reviews to ensure compliance with all applicable laws and regulations, including prevailing AML/CFT/Sanctions regulations and guidelines.

Job Responsibilities:

• Provide guidance and training to junior Compliance staff.
• Participate in the drafting and update of Branch Anti-Money Laundering and Counter Terrorism Financing ("AML/CFT") / Sanctions Policy & Procedure and Compliance Operations Manual.
• Coordinate internal and external audits of the Branch, HO assurance test and Institutional Risk Assessment, etc.
• Follow up on compliance and AML-related audit findings, and relevant rectification efforts.
• Review KYC/CDD documents for the onboarding of new customers and periodic review of existing customers.
• Review transactions flagged as alerts in the SAM ACTIMIZE System within the stipulated timelines.
• Enforce the General Compliance Manual of the Branch and provide necessary advisory and training to staff.
• Review of hits on customers and related parties from daily batch screening and transactions pre-execution screening in AML System.
• Provide AML advisory, including training to the business partners and handling AML issues (suspicious transactions investigation) for the Branch.
• Perform compliance testing, including name screening, trade based money laundering controls, quarterly review of CRS/FATCA, etc.
• Assist in system upgrade projects, during Functional Requirement Specifications and User Acceptance Testing phases.
• Provide compliance training to employees and manage ad-hoc compliance related tasks.
• Act as backup for Assistant Vice President, Compliance and perform relief duties during his/her absence.
• Assist with ad-hoc general compliance related assignments allocated by Head of Compliance.

• Degree holder in Law, Accounting or related discipline.
• 5 years of audit or compliance in banks in Singapore and/or regulatory bodies. Experience and knowledge in Wholesale banking products is preferred.
• Professional Compliance qualifications are preferred, such as ICA, ACAMS, etc.

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