Compliance Associate – (Maternity Cover)

General Description

The Compliance Associate is responsible for the day-to-day operations of the Compliance function of the Bank. This person reports to the Head of Compliance.

Key Features of the Position

Anti-Money Laundering

  • Facilitate KYC review as part of the onboarding process.
  • Steer client periodic reviews and ad hoc reviews warranted by trigger events.
  • Ensure all suspicious activities escalated to Compliance are promptly investigated, handled in a timely and appropriate manner and handling the Suspicious Transaction Reporting if required.
  • Conduct AML transaction monitoring on a timely basis.
  • Handle client screening monitoring on a daily basis and if necessary, escalated to the Relationship Manager in charge for further handling.
  • Maintain oversight on the tracking of outstanding client documents and escalate to the Head of Compliance for accounts with deficient documents past the stipulated tracking time frame.
  • Partake in remediation exercises.

Regulatory Compliance

  • Adjusting to and keeping abreast with the latest compliance policies and processes.
  • Assist in adhoc Compliance reviews, testing or other regulatory-driven projects.
  • Administer Compliance training for the bank which includes annual refreshers on key Compliance subject matters and Anti-Money Laundering. Induction session is also conducted for new joiners on the above topics.

Required Knowledge, Skills and Abilities

The ideal candidate must have at least 3 years’ AML/KYC experience with a private bank or audit background. You will also be able to demonstrate:

  • An inquisitive and analytical mind with the ability to proactively identify and analyse problems, and propose viable solutions;
  • The ability to work to deadlines whilst maintaining a high degree of accuracy and quality; handle multiple tasks and prioritise effectively;
  • A keen attention to detail as well as an ability to view the bigger picture;
  • Good understanding of MAS Notice 1014 and Guidelines, reputation and regulatory risks; and
  • Excellent communication skills to liaise with all stakeholders.