To drive and lead in the review, monitoring, escalation and reporting of compliance matters, particularly in relations to the AML and SFA, to relevant authorities vis-a-vis MAS.
Responsibilities
• Supervise a team of staff who are responsible for ensuring that customer due diligence and bio data sheets are completed in accordance with the MAS anti-money laundering standards and IAPB’s Financial Economic Crime policy. • Ensure proper due diligence is performed on referral intermediaries, in compliance with internal policy as well as regulatory requirements. • Provide compliance advice and support to Marketing staff. • Provide trainings to staff on AML policies and requirements. • Investigate complaints and prepare the investigation reports for Legal to reply to clients • Complete the tasks assigned in the Compliance Monitoring tool on a timely basis and report any exceptions arising to the reporting line manager. • Assist the department head on special investigations and reviews and on any compliance matters on an ad-hoc basis. • Prepare and submit the regulatory reports that are due to the MAS under the Securities & Futures Act and Financial Advisers Act • Prepare the submission documents to the MAS for application for permanent residency under the Financial Investor Scheme for eligible clients and the annual returns • Be involved in projects on anti-money laundering control systems enhancements
Requirements: • Good degree from a reputable university. • 8-10 years’ relevant experience in compliance and/or internal audit
