Senior Compliance Officer - Toa Payoh

Key Responsibilities:

• Compliance Framework & Policy:
• Develop, implement, and maintain robust compliance, Anti-Money Laundering/Countering the Financing of Terrorism (AML/CFT), and other relevant policies and procedures.
• Ensure all frameworks are aligned with MAS notices, guidelines, FATF recommendations, and industry best practices.
• Financial Crime Oversight:
• Act as a key point of contact for all AML/CFT matters, potentially taking on a Money Laundering Reporting Officer (MLRO) function.
• Perform holistic customer risk assessments, evaluating factors such as geography, product usage, source of wealth/funds, and negative news.
• Conduct ongoing transaction monitoring and investigate suspicious activities; responsible for filing Suspicious Transaction Reports (STRs).
• Screening & Due Diligence:
• Oversee and perform daily alerts review for transaction monitoring, name screening (sanctions, PEPs, adverse media), and sanction screening.
• Advise on and enhance the customer onboarding (CDD) and KYC processes to identify and close gaps.
• Handle employee fit and proper checks and regulatory submissions.
• Regulatory Liaison & Stakeholder Management:
• Serve as the primary liaison for all communications and submissions to the MAS.
• Coordinate with external auditors and regulators during compliance reviews and audits.
• Train and engage local and regional employees on compliance matters, emerging threats, and risk mitigation strategies.
• Advisory:
• Provide timely and practical compliance advice to the business on new products, services, and emerging risks, particularly in innovative areas like digital assets.