AML, CFT, Financial Crime Compliance Specialist

3 days ago

Singapore CMC Markets Full time

AML/CFT, Financial Crime Compliance Specialist

About CMC Markets:

CMC Markets is a global leader in CFD trading and share investing. Our vision is to provide the ultimate online trading experience so everyone can achieve their financial potential. Since our launch in London in 1989, we've expanded globally with offices across Europe and Asia Pacific. Over 1.2 million clients make 67 million trades with us every year, and we're still growing.

Why you'll love working at CMC Markets:

Growth: CMFAS (Financial Regulatory) qualification, LinkedIn learning, internal opportunities, intensive training and support from the L&D team. Team: You'll work alongside a collaborative and diverse team with supportive Team Leaders that all value an amazing workplace culture. Social: We have our own in-house Culture Club that organises a bunch of activities such as: Parties, Dinners, Networking events, bowling etc. We also have social clubs where like-minded colleagues can bond over ocean swimming, fine dining or gaming etc. Perks: Day off for your birthday, free breakfast and coffee every day, additional day of leave after each year of service, volunteer opportunities, discounted rates at various retail stores.

ROLE AND RESPONSIBILITIES (include but are not limited to):

Regulatory Compliance:

  • Maintain policies and procedures to ensure compliance with AML/CFT regulations, financial crime laws, and trade surveillance requirements.
  • Monitor and interpret changes in relevant laws and regulations, and adjust internal compliance strategies accordingly.

AML/CFT Framework Management:

  • Maintain and update the company's AML/CFT program, including customer due diligence (CDD), enhanced due diligence (EDD), and Know Your Customer (KYC) procedures.
  • Oversee the transaction monitoring system to identify suspicious activities, including unusual trading patterns that may suggest money laundering, terrorist financing, or market manipulation.
  • Ensure periodic risk assessments to evaluate and mitigate risks related to money laundering and financial crime.

Trade Surveillance Program:

  • Develop and manage the firm's trade surveillance program to detect, investigate, and address potentially abusive trading practices, such as insider trading, front-running, and market manipulation.
  • Set up systems and tools to monitor trading activities across various asset classes, ensuring timely identification of suspicious trading behaviors.
  • Conduct detailed investigations into flagged trades, determine their legitimacy, and escalate cases for further action when necessary.
  • Report any potential market abuse cases to the relevant authorities and manage communications related to these reports.

Financial Crime Prevention:

  • Lead investigations into potential financial crimes, including money laundering, fraud, bribery, market manipulation, and other types of financial misconduct.
  • Conduct enhanced due diligence on high-risk customers, ensuring they meet compliance standards.
  • Manage the filing of suspicious activity reports (SARs) with the appropriate regulatory bodies and financial intelligence units.
  • Recommend strategies to mitigate financial crime risks across the organization.

Training and Awareness:

  • Develop and deliver comprehensive training programs on AML/CFT, financial crime, and trade surveillance for all employees, ensuring they understand their compliance obligations.
  • Maintain continuous education for compliance staff on evolving regulatory trends, financial crime typologies, and trade surveillance techniques.
  • Promote a culture of compliance within the organization by engaging employees in compliance awareness programs.

Monitoring and Reporting:

  • Establish and maintain systems for transaction and trade monitoring, ensuring ongoing detection of suspicious activities.
  • Prepare regular reports on the company's AML/CFT program, trade surveillance findings, and financial crime risks for senior management, the board of directors, and regulatory bodies.
  • Work with internal and external auditors to conduct periodic reviews of the company's compliance frameworks, including trade surveillance practices.

Risk Management:

  • Conduct regular assessments of the company's exposure to AML/CFT risks, financial crimes, and trading violations, and develop appropriate mitigation strategies.
  • Collaborate with risk management and front-office teams to align financial crime compliance and trade surveillance with the company's overall risk management framework.
  • Evaluate third-party relationships and ensure that vendors and partners comply with the company's compliance standards.

KEY SKILLS AND EXPERIENCE

  • Minimum five years' experience in a Singapore AML/CFT role in a brokerage business
  • Tertiary educated in Economics, Law, Business, Accounting or other suitable qualification
  • Good understanding of Singapore and global AML/CFT and FCC regulations impacting broker dealer firms; and thorough understanding of good compliance practices.

KEY OBJECTIVES/KPIS

  • As per performance review

COMPETENCIES

  • Business Acumen
  • Influencing
  • Teamwork
  • Leading Others
  • Results focused

CMC Markets is powered by our people. We are an equal opportunities employer and are committed to creating a diverse and inclusive workplace, where our people feel confident to be themselves, feel valued and are able to do their best work. We don't just value differences and unique perspectives, we seek them out and we invite them in, because we know it will lead to better outcomes for everyone.

  • Financial Crime Compliance Manager, APAC

    1 day ago

    Singapore STONEX FINANCIAL PTE. LTD. Full time

    Roles & ResponsibilitiesPosition Purpose:In Singapore, StoneX is regulated by MAS as a Capital Markets Service Licensee, an Exempt Financial Adviser and a Major Payment Institution, and by MinLaw as a registered dealer of precious stones and metals. StoneX is also a trading member of SGX-DT and a clearing member of SGX-DC. This expansion role at StoneX...

  • Senior Manager, Financial Crime Specialist

    4 weeks ago

    Singapore Westpac Banking Corporation Full time

    Job Title: Senior Manager, Financial CrimeWestpac Banking Corporation is seeking a highly experienced Senior Manager, Financial Crime to join our team in Singapore. As a key member of our Financial Crime Compliance team, you will play a critical role in ensuring the effective management of financial crime risks across our business divisions.About the RoleThe...

  • AML/CFT Compliance Specialist

    2 hours ago

    Singapore BANK OF CHINA LIMITED Full time

    Seeking a Compliance Manager for the AML/CFT team at BANK OF CHINA LIMITED. The ideal candidate will have a strong background in AML/CFT regulations and experience in conducting gap analysis, reviewing policies and procedures, and providing advice to business lines.Key Responsibilities:Perform gap analysis of new/updated regulatory AML/CFT requirements, Head...

  • Senior Manager, Financial Crime Specialist

    2 weeks ago

    Singapore Westpac Banking Corporation Full time

    Job DescriptionRole Overview:Westpac Financial Crime Compliance (FCC) is a Second Line function that supports the Westpac Institutional Bank (WIB) Division in the Singapore Branch. As a key member of the FCC team, you will play a critical role in providing subject matter expert advice and oversight of Financial Crime Risks, namely, Anti Money Laundering...

  • Senior Manager, Financial Crime

    4 weeks ago

    Singapore Westpac Banking Corporation Full time

    Job Description Role location: Singapore Based (Hybrid) Westpac Financial Crime Compliance (FCC) is a Second Line function that supports the Westpac Institutional Bank (WIB) Division in the Singapore Branch. FCC is the designated AML/CFT compliance function within meaning of Singapore regulations as well as in compliance with relevant Group Westpac...

  • Senior Financial Crime Compliance Officer

    19 hours ago

    Singapore RANDSTAD PTE. LIMITED Full time

    About the RoleRANDSTAD PTE. LIMITED is seeking a highly experienced Financial Crime Compliance professional to join their team as a Senior Financial Crime Compliance Officer.Key ResponsibilitiesDevelop and implement effective AML programs that align with regulatory requirements and industry best practices.Provide AML/CFT/Sanctions advisory to the business...

  • Senior Financial Crime Advisor

    6 days ago

    Singapore OCBC Full time

    Role OverviewAs a Senior Financial Crime Advisor at OCBC, you will play a vital role in safeguarding the bank's integrity and protecting it from financial crime threats. Your expertise in AML/CFT regulatory requirements, including MAS Notice 626, will be instrumental in ensuring ongoing compliance with regulatory requirements and maintaining the bank's...

  • AML/CFT Compliance Officer

    2 weeks ago

    Singapore The GMP Group Full time

    Duration: 12 Months Contract  Responsibilities: Perform AML reviews on high risk client onboarding, periodic and trigger reviews Review the Transaction Monitoring (TM), Payment Filtering and Ongoing Name Screening controls focusing on the performance and review of ongoing name screening alerts Review alerts escalated by first line functions Support...

  • AML/CFT Compliance Officer

    1 day ago

    Singapore GMP TECHNOLOGIES (S) PTE LTD Full time

    Roles & ResponsibilitiesDuration: 12 Months Contract Responsibilities: Perform AML reviews on high risk client onboarding, periodic and trigger reviews Review the Transaction Monitoring (TM), Payment Filtering and Ongoing Name Screening controls focusing on the performance and review of ongoing name screening alerts Review alerts escalated by first line...

  • AML/CFT Compliance Officer

    2 weeks ago

    Singapore The GMP Group Full time

    Duration: 12 Months Contract Responsibilities: Perform AML reviews on high risk clientonboarding, periodic and trigger reviewsReview the Transaction Monitoring (TM), Payment Filteringand Ongoing Name Screening controls focusing on the performance andreview of ongoing name screening alerts Reviewalerts escalated by first line functionsSupport external...

  • Financial Crime Operations Manager

    2 weeks ago

    Singapore United Overseas Bank Full time

    About the RoleWe are seeking a highly skilled and experienced professional to join our team as a Manager, Anti Financial Crime Operations. This role will be responsible for leading the development and implementation of anti-money laundering (AML) and combating the financing of terrorism (CFT) strategies and policies.Key ResponsibilitiesDevelop and implement...

  • Senior AML/CFT Specialist

    1 week ago

    Singapore United Overseas Bank Full time

    About the RoleThe Compliance function is a strategic partner and a trusted business enabler to the Board and senior management. As a key member of the Transaction Surveillance Team, you will play a critical role in ensuring the Group's continuous compliance with regulatory obligations in today's dynamic regulatory landscape.Key Responsibilities- Conduct...

  • Senior AML/CFT Analyst

    19 hours ago

    Singapore SUCCESS HUMAN RESOURCE CENTRE PTE. LTD. Full time

    Roles and ResponsibilitiesThe ideal candidate will have expertise in Anti-Money Laundering (AML) and Counter-Financing of Terrorism (CFT) with a strong understanding of financial crime concepts, typologies, and red flags.Key responsibilities include:Reviewing and analysing customer profiles to identify potential risks and recommending mitigating...

  • AML Surveillance Specialist

    2 weeks ago

    Singapore OCBC Full time

    About the RoleWe are seeking a highly skilled AML Surveillance Specialist to join our team at OCBC. As a key member of our compliance team, you will play a crucial role in developing and implementing surveillance systems and solutions to detect and mitigate potential risks and compliance issues.Key ResponsibilitiesDesign and implement surveillance systems to...

  • AML Financial Crime Risk Management Specialist

    3 weeks ago

    Singapore TD Bank Group Full time

    Job SummaryWe are seeking a highly skilled and experienced AML Financial Crime Risk Management Specialist to join our team at TD Bank Group. As a key member of our Financial Crime Risk Management team, you will be responsible for ensuring the bank's compliance with anti-money laundering (AML) and anti-terrorist financing (ATF) regulations in the Asia-Pacific...

  • Compliance Officer

    1 day ago

    Singapore GMP TECHNOLOGIES (S) PTE LTD Full time

    Roles & ResponsibilitiesResponsibilities: Perform ex-ante AML reviews on high-risk client onboarding, periodic and trigger reviews Review escalated alerts from first-line transaction monitoring, payment filtering and ongoing name screening controls Investigate relevant alerts and suspicious activities, and make relevant reporting to local authorities Act...

  • AML Compliance Specialist

    1 month ago

    Singapore Mizuho Bank Full time

    About the RoleThe Anti-Money Laundering (AML) team at Mizuho Bank is responsible for managing money laundering/terrorism financing risks of the Bank. As an AML Compliance Specialist, you will play a crucial role in identifying and managing such risks arising in the processing of transactions or in connection with any existing and proposed applications,...

  • AML Financial Crime Risk Management Specialist

    1 month ago

    Singapore TD Bank Group Full time

    Job SummaryWe are seeking a highly skilled AML Financial Crime Risk Management Specialist to join our team at TD Bank Group. As a key member of our Financial Crime Risk Management team, you will be responsible for ensuring the bank's compliance with anti-money laundering (AML) and anti-terrorist financing (ATF) regulations in the Asia-Pacific region.Key...

  • Financial Crime Compliance VP

    1 day ago

    Singapore RANDSTAD PTE. LIMITED Full time

    Roles & Responsibilitiesabout the companyOur client is a Bank looking to recruit a dynamic and highly experienced Financial Crime Compliance office at the senior VP level to join the team.about the jobYou will be a key member of the Compliance team, with a scope of duties including: Support the MLRO in developing, implementing, and maintaining an effective...

  • Senior Manager, Financial Crime Specialist

    2 weeks ago

    Singapore Westpac Banking Corporation Full time

    Job Title: Senior Manager, Financial CrimeWestpac Banking Corporation is seeking a highly experienced Senior Manager, Financial Crime to join our team in Singapore. As a key member of our Financial Crime Compliance team, you will play a critical role in ensuring the effective management of financial crime risks across our business divisions.About the...