Compliance Officer – Singapore

Act as the appointed Compliance Officer under MAS requirements, ensuring compliance with:

Payment Services Act (PSA)

MAS Notices on AML/CFT (e.g., PSN01/PSN02 equivalents)

Serve as the primary contact for MAS inspections, thematic reviews, and queries.

Ensure timely submission of regulatory returns and notifications to MAS.

Risk-based CDD and EDD frameworks

Ongoing monitoring and transaction surveillance

Sanctions screening aligned with UN and MAS lists

Act as MLRO (if applicable) and ensure:

Filing of Suspicious Transaction Reports (STRs) to Suspicious Transaction Reporting Office (STRO)

Ensure strong governance over high-risk customers, cross-border flows, and correspondent relationships.

Establish and maintain a MAS-compliant compliance framework, including:

Compliance monitoring program

Enterprise-wide risk assessments

Policies approved by senior management and Board

Maintain registers for:

Breaches

Complaints

Regulatory incidents

Prepare and present periodic compliance and financial crime reports to senior management and Board.

Escalate material risks, breaches, and regulatory issues promptly.

Conduct ongoing compliance monitoring and thematic reviews.

Ensure readiness for MAS inspections and audits.

Track remediation of audit findings and regulatory issues.

Deliver ongoing AML/CFT and regulatory training aligned with MAS expectations.