Toa Payoh - Compliance Monitoring Officer

Key Responsibilities:

• Compliance Monitoring:
• Conduct regular and ad-hoc compliance monitoring reviews across business units to assess adherence to internal policies and regulatory requirements
• Perform reviews of business processes and operations to identify potential areas of non-compliance and recommend corrective actions.
• Maintain and update a detailed schedule for monitoring activities, ensuring coverage of high-risk areas and priority business functions.
• Reporting and Documentation:
• Prepare detailed reports on findings from compliance monitoring reviews, including identifying potential risks and recommending corrective measures.
• Present review results and compliance status updates to Head of Compliance, highlighting trends and issues requiring attention.
• Collaborate with internal stakeholders to design, review, and update internal compliance policies, procedures, and controls to ensure they meet regulatory requirements
• Maintain accurate records of compliance activities, ensuring documentation is readily available for review.
• Risk Assessment:
• Collaborate with other departments to assess compliance risks and develop strategies to mitigate them.
• Identify emerging compliance risks and regulatory changes, providing recommendations for updates to policies and procedures.
• Process Improvement:
• Work with Head of Compliance to continuously improve monitoring techniques and strategies to enhance compliance efforts.
• Proactively identify areas for process improvement and work with relevant stakeholders to implement changes that strengthen compliance controls.
• Others:
• Support audits, inspections conducted by regulatory agencies or external auditors.
• Any other duties as instructed by Head of Compliance

Qualifications:

Education and Experience:

• Bachelor's degree in Business, Finance, Law, or any other related field.
• Professional certifications such as ICA will be an added advantage.
• 2 years of experience in compliance, risk management, or audit within a regulated industry or Financial Institution.
• Fresh Graduates are welcome to apply.

Skills and Competencies:

• Excellent analytical skills, with the ability to identify compliance issues and provide practical solutions.
• Attention to detail and the ability to work independently with minimal supervision.
• Strong written and verbal communication skills, with the ability to effectively present findings and recommendations to various stakeholders.
• Strong organizational skills and ability to prioritize tasks in a fast-paced environment.