See all career opportunities

Junior Compliance Officer - Singapore

Department
Compliance
Branch
Singapore
% employment type
100
Mission
  • The candidate task will be to support the senior compliance officer and COO in their divers’ activities. Become an expert in the existing and upcoming regulation pertaining to MAS’s Regulatory Framework of CMS Licenced Fund Management.
Responsibility

Compliance with Regulations, Industry Guidelines & Group Requirements
Assist the Senior Compliance Officer to:

  • Ensure that appropriate and up-to-date compliance arrangements are in place that satisfy applicable legal, regulatory and internal requirements
  • Advise on and implement changes and developments relating to Singapore laws and regulations; Responsible for day-to-day compliance activities for Singapore office including compliance inspections, review and upkeep of compliance-related manuals, routine compliance checks
  • Perform checks on account opening application documents for completeness and accuracy. Liaise with financial institutions on the establishment and maintenance of accounts inclusive of the review of the relevant documentation and compliance related matters
  • Liaise with Front Office and Management on outstanding issues relating to documentation and KYC
  • Perform enhanced due diligence on PEPs and OHRCs, Risk countries, risk sectors and other higher-risk categories
  • Maintain proper file and documentation for audit and inspection purposes
  • Together with the Management, co-ordinate with auditors to ensure that compliance issues are adequately addressed and rectified
  • Conduct briefing for new staff on internal Code of Conduct, personal dealing, AML policies & procedures and cross-border activities
  • Conduct ongoing staff training as required by the Singapore Regulator and Group’s directives, or select external support to do so

Transaction Monitoring
Assist the Senior Compliance Officer to:

  • Review Daily Alerts generated by Company’s Mirroring System to ensure independent monitoring of transactions
  • Investigate accounts or relationships with potential or actual AML risks
  • Liaise with Front Office and Management in relation to transaction monitoring to ensure that AML risks are mitigated
  • Escalate suspicious transactions/accounts, and conduct follow-up investigations

Periodic Client Reviews (NRs, OHRCs, PEPs)
Assist the Senior Compliance Officer to:

  • Conduct periodic client reviews of Normal Risks clients, Other Higher Risk’s clients, and PEPs in accordance with Group’s policies and Singapore regulatory requirements
  • Conduct follow-up research, assess account tagging, performing PEP assessment, and/or provide account proposals/conditions, where applicable

Management Reporting and Statistics
Assist the Senior Compliance Officer to:

  • Provide quarterly Compliance Reports to the Group’s Head of Compliance on a timely basis
  • Conduct periodic reviews to ensure compliance with MAS regulatory requirements, report findings of such reviews, and monitor rectification of gaps identified
  • Maintenance and update of the PEPs and OHRCs registers
Profile
  • In-depth knowledge of MAS’s Regulatory Framework of CMS Licenced Fund Managers
  • In-depth knowledge of industry’s best practices and AML/CFT trends
  • Strong communications and interpersonal skills
  • Advanced research, writing and analytical skills
  • Ability to work independently, to take informed decisions and determine own priorities;
  • Ability to work collaboratively with the Senior Compliance Officer, with Company’s Management and across services
  • Ability to multi-task and prioritize in order to deliver a high-quality and accurate job in a timely manner
  • Become an expert in all REYL policies
  • Ability to both maintaining and/or drafting policies
  • Keep up with the latest compliance regulation to maintain the highest compliance standards
  • Only open to Singaporeans or permanent Residents

Apply