Compliance Manager

• Advise Senior Management and staffs on the compliance laws, rules and standards and provide updates on compliance developments and industry standards.
• Provide sound, coherent and consistent compliance advice, interpretation and recommendations on regulations, policies, products and business initiatives.

• Establish and implement policies and procedures to meet regulatory requirements/industry standards.
• Review compliance policies and procedures on a regular basis to ensure they comply with statutory and

regulatory requirements.

• Develop the framework for identification, measurement and assessment of Branch AML risks for money laundering and terrorist financing.

• Responsible as the Branch Money Laundering Reporting Officer (“MLRO”).

• Develop and implement a risk-based compliance monitoring programme, identifying, assessing, monitoring and reporting all material compliance risks.
• Oversee the compliance monitoring programme and report to Senior Management on the identification of any deficiencies and recommend corrective actions/measures.
• Primary responsibility for maintaining and monitoring compliance with key compliance policies, including maintaining compliance registers.
• Ad-hoc review of AML transactions escalated by business units (Trade Finance, Retail, Credit Appraisal).

Management Reporting

Prepare and submit monthly compliance activities to Senior Management and

Head Office

• Liaison with regulators (MAS, RBI) and government authorities including the Police Force, CAD and IRAS.
• Maintain an efficient interaction with MAS ensuring that the bank’s views are appropriately represented and facilitating the supervisory activity of regulators.
• Provision of response to MHA and MAS on Remote Gambling Act Statistics.

• Establish and implement the Terms of Reference for the AML Committee and Compliance Committee

• Daily tracking of new regulatory developments on AML and sanctions and MAS Notices/Guidelines.
• Review for new regulatory developments from MAS/ABS/ACRA/IRAS and various government websites which has impact to the Singapore Branch.

• Updates to AML Policy to incorporate regulatory compliance requirements from MAS Guidelines to Notice 626/MAS Notices/ABS Guidelines in relation to AML.

• Oversight of Level 1 and 2 alert clearing by Compliance department and Level 3 escalation profile of AML alerts in the AMLOCK workflow.

• Liaise with business units for information/documents requested by Regulator (MAS) or Government Agencies (MHA) or Enforcement Agencies such as CAD and CPIB.

• Compile and collate compliance documents requested for inspection by Internal/External Auditors/MAS/RBI.
• Prepare management response and action plans to address audit issues raised by Auditors.

• Review the contents on AML latest developments in conjunction with the AML refresher training for employees.

• Maintain the Register of all necessary orders from various regulatory requests attended by Compliance department.
• Maintain a list of High Risk table for AML risk assessment.

Job Requirements:

A Bachelor’s degree Holder with at least 4-5 years

Compliance and anti-money laundering/counter terrorism

Financing experience in banking industry/financial

institution.

Prior experience in compliance or regulatory compliance

audits is preferred.

Preference will be given to candidates with

certifications such as ACAMS, ICA Diploma etc.

Experience with knowledge in AML Regulations and financial

Sanctions.

Meticulous with attention to details.

Able to work independently, manage a team and a good

team player.

Good interpersonal, written and communication skills.