GRM-CO Compliance Officer – Regulatory and Compliance Oversight - Bedok

Job purpose:

The successful incumbent will support the Head of Compliance on regulatory projects and the project management, oversight and implementation of compliance programs.

Key activities:

• Assist in managing regulatory projects and drive through regulatory and compliance-related risk initiatives
• Supporting the management of regulatory interactions, ensuring timely communication and submission of required reports
• Highlight new regulations and regulatory expectations to senior management, and help operationalize, where necessary
• Support Compliance monitoring and testing, identifying any compliance gaps in both business or internal processes and workflows, and make recommendations for remediation or improvement
• Support in regulatory inspections and audits, and monitor remediation plans
• Manage relevant compliance risks including but not limited to outsourcing, incident management etc.
• Production of both routine and ad-hoc management reports for various internal forums including the Compliance Committees
• Develop, review and enhance internal policies and procedures to ensure compliance with regulatory requirements
• Perform oversight and quality assurance role, and advisory support of outsourced activities relating to transaction monitoring and customer name screening.
• Undertakes investigations into any suspicious transactions reported by internal (e.g. staff or alerts from the AML monitoring solution escalated by the outsourced service provider etc.) or external (e.g. regulatory requests or production orders etc.) triggers. Where necessary, support the MLRO in drafting the appropriate Suspicious Transaction Report
• Assists in ongoing optimization, fine-tuning and validation work of the AML transaction monitoring system

Formal education:

Degree in Legal, Accounting or Business related discipline.

Certification in a professional association such as the Association of Certified Anti-Money Laundering Specialists (ACAMS) and/or International Compliance Association (ICA) would be a distinct advantage.

Specialist knowledge (work experience, further qualification):

• Ideally have previous relevant experience in financial services in a similar position with a detailed knowledge of local regulations.
• Strong project management and influencing skills, particularly with exposure to regulatory projects and oversight roles.
• A proven track record delivering or being involved in large scale regulatory projects, investigations and remedial reviews
• Applicants are proficient in structured analysis and team working
• Stakeholder and relationship management
• Ability to work under own initiative and in many different and challenging environments
• Strong presentation, business writing and professional standards