COMPLIANCE ASSOCIATE II

Job Purpose & Objectives

• Assist and support business management in identifying, assessing, measuring and mitigating compliance risks.

• Assist in providing reasonable assurance that the Bank and its employees comply with applicable laws, rules and regulations.

• Assist in handling regulatory issues related to business partners and ensure appropriate management escalation.

• Work closely with business partners to broaden their knowledge of industry specific regulatory requirements.

Key Responsibilities

• Review KYC documentation on new account opening and perform transactions screening and monitoring in compliance with Group Policy and relevant anti-money laundering requirements.

• Prepare and update policies and procedures in line with Group Policy and with regard to local laws, rules, regulations and guidelines.

• Assist in providing advice and support to the business units in connection with potential regulatory impacts of relevant laws, rules, regulations and guidelines and capital markets products.

• Assist in providing relevant training to staff on changes and development of laws, rules, regulations and guidelines.

• Keeping track of regulatory developments and best practices applicable to the Singapore Branch.

• Assist in the preparation of regulatory reporting, filings, draft STRs and self-assessments as required.

• Assist in performing compliance review on business units in accordance with the standards and guidelines contained in the compliance monitoring plan.

• Assist in information requests from regulatory authorities, internal and external audit requests for compliance-related audits.

• Assist in any other ad hoc projects.

Job Specifications

Qualification & Experience

• Degree holder in Finance, Accounting or Laws 

• At least 3 years relevant experience in compliance field or audit firms 

Knowledge & Skills

• Experience in Regulatory Compliance and AML regulatory requirements in relation to banking business

• Knowledge of banking services and products

• PC literacy (Microsoft Office including word, excel and powerpoint)

Language

• Proficient in written and spoken English

Other Skills (e.g. Interpersonal, Communication etc)

• Good interpersonal and communication skills

• Customer-oriented

• Self-motivated and be a team player

• Ability to work under pressure