Compliance Manager

Job Description:

1. Serve as a Money Laundering Reporting Officer (MLRO) and primary Liaison Officer with MAS on all regulatory & compliance matters and inspection Designated Material Risk Personnel (MRP)under the IAC regime

2. Prepare and/or review various MAS submissions (excluding Financial/statistical returns) Ensure MAS returns and regulatory reporting are prepared and submitted in a timely manner Attend to ad-hoc reporting request.

3. Provide advisories and strategic solutions to Biz and senior management on various compliance matters, re new product/activity, application of MAS regulations, regulatory interpretations.

4. Provide guidance/supervision of team's activities, lead teams to resolve issues, set directions on new initiatives, resources planning and allocation.

5. Monitor changes in regulations and new regulations for dissemination Perform regulatory mapping and assessment to determine applicability and lead and ensure implementation

6. Conduct and/or review compliance and AML risk assessment e.g. EWRA.

7. Perform and/or review & approve Compliance Testing and monitoring activities

8. Establish and/or revise policies & procedures(Compliance-/AML-related) and ensure implementation Review and sign-off Branch-wide Policies & Procedures by providing Compliance Opinion

9. Chair Quarterly Compliance and AML/Sanctions Committee, bi-annual Outsourcing council, RPT committee (ad-hoc) As a member in Treasury Committee, New Product Committee, Risk Management Committee

10. Periodic HO reporting - AML report and Compliance report, and any reporting as and when required

11. As 2nd level approver for watchlist clearance, KYC (new/existing),KYC daily monitoring, Quarterly QC of AML/Sanctions/TM, Internal Control checks, suspicious transactions investigation (if any)

12. Design and deliver periodic compliance and AML training across the branch and to Senior Management

13. Serves as primary liaison with External Audit and Internal Audit coordination Oversee implementation status & follow-up of audit recommendations Lead action plan and implementation of compliance-related recommendations

Requirement:

1. Degree in Accounting, Finance, Economics, Law or related discipline from a recognized university

2. Relevant professional qualifications e.g. ACAMS, CPA would be an advantage

3. Minimum 15 - 20 years experience in Compliance Risk Management (2LoD), with minimum 5 years in Leadership Role

4. Good understanding of Corporate Banking, Investment Banking and Capital Markets Business

5. Sound understanding of MAS/Banking regulations and International Regulations (e.g.FATF, OFAC, FATCA) and regulatory expectations (within Corporate Banking, Investment Banking and Capital Markets space)

6. Experience in Regulatory engagement and communications, and external audit coordination

7. People management and Project management skills

8. Strategic & analytical thinking and problem-solving skills Strong attention to detail

9. Experience in Wholesale Banking preferred

10. Proficiency in English, both written and spoken