Compliance Manager

  • Sector: LMA Asia Risk & Audit
  • Contact: Ashley Ooi
  • Client: LMA
  • Location: Singapore
  • Salary: Negotiable
  • Expiry Date: 09 April 2023
  • Job Ref: BBBH410744_1673255188


Job Purpose

Assist the Head of Compliance in managing the Branch's PB/Wealth Management compliance program and carrying out compliance monitoring and reviews to ensure compliance with all applicable laws and regulations (including Banking Act, Securities & Futures Act and Financial Advisers Act.) as well as managing AML-related projects and ensure timely implementation.


Job Responsibilities

  • Assist in Anti-Money Laundering ("AML") compliance advisory support, including training to the business partners and handling AML issues (suspicious transactions investigation) for the Branch;
  • Review KYC/CDD documents for the onboarding of new customers and periodic review of existing customers' accounts; transaction monitoring;
  • Conduct reviews of transactions flagged as alerts in the SAM ACTIMIZE System within the stipulated timelines;
  • Participate in Group AML monitoring enhancement projects and ensure timely implementation;
  • Assist with the implementation of new regulatory requirements and develop amendments to the compliance program;
  • Assist with developing and managing a robust compliance testing & reporting; identifying potential compliance and/or control risks for compliance checks and control enhancements;
  • Provide support to business and/or supporting units in the development, implementation and regular review of policies and procedures for their operations with due regard to AML, SFA/FAA applicable regulatory requirements;
  • Follow up on all compliance-related, including AML findings, and relevant rectification effort;
  • Provide advice to business partners (front and back offices) on regulatory compliances, including MAS Notices, SFA, FAA etc.
  • Provide compliance training to employees and manage ad-hoc compliance related tasks;
  • Review and update policies and procedures maintained within Compliance Department (Compliance Manual, Compliance Operations Manual, AML Policy and Procedures, Customer Data Protection Policy, etc.);
  • Liaise with relevant parties to track status of internal and external audit findings as well as submit regular status updates to MAS and Head Office;
  • Assist in any other ad-hoc Compliance related matters assigned by AVP or Head of Compliance.


Job Requirements

  • Degree holder in Banking and Finance, Accounting or related discipline.
  • Minimum 3 to 5 years general auditing or compliance experience (experience and knowledge in PB/Wealth Management is preferable) in banks in Singapore and/or regulatory bodies;
  • Professional Compliance qualifications are preferred, such as ICA, ACAMS, etc.
  • Good knowledge in Singapore AML/CFT regulations, sanction laws, banking regulations such as Banking Act, SFA, FAA FATCA/CRS compliance monitoring.
  • Strong analytical and problem solving skills;
  • Ability to prioritize and work in fast-pace environment.

Company Reg No.: 201131609D, Licence No.: 11C4684, Reg No: R1871506