Associate, Singapore Compliance

Job Overview

This role involves supporting business management in identifying and managing compliance risks, ensuring adherence to laws and regulatory requirements, and handling regulatory matters concerning business partners with appropriate escalation.

Key Responsibilities

• Review KYC documents for new accounts, and perform transaction screening and monitoring aligned with Group Policy and anti-money laundering regulations.
• Prepare and maintain policies and procedures consistent with Group Policy and local regulatory guidelines.
• Provide advisory support to business units regarding the regulatory implications of laws, regulations, and capital markets products.
• Conduct training sessions to update staff on regulatory changes and developments.
• Monitor regulatory updates and best practices relevant to the Singapore branch.
• Support the preparation of regulatory reports, filings, suspicious transaction reports (STRs), and self-assessments.
• Assist in compliance reviews of business units following the compliance monitoring plan.
• Coordinate responses to information requests from regulators and internal or external audit compliance audits.
• Contribute to various ad hoc projects as needed.

Required Qualifications and Experience

• Bachelor's degree in Finance, Accounting, or Law.
• Minimum of 3 years relevant experience in compliance or audit environments.

Skills and Knowledge

• Experience with regulatory compliance and AML in banking.
• Understanding of banking products and services.
• Proficient in Microsoft Office applications (Word, Excel, PowerPoint).
• Strong written and verbal English communication skills.
• Excellent interpersonal and communication abilities.
• Customer-focused, self-driven, and able to work collaboratively.
• Ability to perform well under pressure.