Regulatory Risk Specialist

1 month ago


Singapore Indosuez Wealth Management Full time

As a key member of the Indosuez Wealth Management team, the

Business Compliance Manager will be responsible for ensuring the overall management of risks associated with Wealth Management activities in the Singapore Branch.

Key responsibilities will include:

  1. Supporting the Front Office in performing Know Your Customer (KYC) reviews for new clients, including assessing and mitigating screening hits, extracting additional compliance reports, and analyzing source of wealth and source of revenues.
  2. Providing preliminary advice to the Front Office on potential risks of prospects and liaising with relevant departments for guidance.
  3. Supporting the Front Office in performing Anti-Money Laundering (AML) Periodic Account Reviews where required.
  4. Providing guidance, training, and sharing best practices with the Front Office to improve the overall quality of KYC.
  5. Monitoring outstanding actions required by the Front Office and implementing and monitoring the progress of Risk campaigns initiated by Head Office and the Branch.
  6. Closing collaboration with the Front Office to understand and advocate for their needs and representing the Front Office in engagements with relevant stakeholders on various risk areas.
  7. Supporting the Execution of Risk Controls and other initiatives or projects.

The ideal candidate will have a Bachelor's Degree or equivalent in a relevant field of study, with a minimum of 8-10 years of relevant banking and Compliance (KYC) experience in Private Banking/Wealth Management, with a strong understanding of local regulatory frameworks and practices, particularly in relation to AML/CFT, Private Banking Code of Conduct, and MAS Guidelines on Private Banking Controls.

Key skills required include:

  1. Intermediate proficiency in Microsoft Excel, Word, PowerPoint, and other PC applications.
  2. Strong analytical and decision-making ability, with the ability to navigate diverse cultures and develop and lead strategies in an increasingly regulated landscape.
  3. Strong research, investigative, and analytical skills, with attention to detail and the ability to make sound judgments and recommendations.
  4. Good verbal/written and interpersonal communication skills, with the ability to trust and promote trust in team members.
  5. Good organizational, multi-tasking, and prioritization skills, with the ability to work independently and as part of a team.

Indosuez Wealth Management is committed to providing a positive and inclusive work environment, where individuals can grow and develop their skills and expertise.



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