Senior Compliance Specialist

We are a Singapore-based fund management company backed by a well-established financial institution in Hong Kong. We offer a diverse range of asset and wealth management services tailored to institutional and high-net-worth clients and we are looking for a dedicated and experienced Compliance Officer to join our Singapore office to support our regulatory and business operations.

Key Responsibilities:

1. KYC Advisory & Client Onboarding (PWM Focus):

• Act as the compliance lead for onboarding high-net-worth individuals and corporate clients under the Private Wealth Management (PWM) business.
• Review account opening requirements and ensure compliance with internal and regulatory requirements relating to KYC, CDD, source of wealth/funds, beneficial ownership, and ongoing client risk assessments.
• Provide guidance to front office and onboarding teams on KYC/CDD requirements (including FATCA/CRS requirements), review high-risk or complex client profiles, third party fund transfer and large fund deposit/withdrawal reviews.
• Support periodic and event-driven client reviews, including enhanced due diligence (EDD) for high-risk clients and structures such as offshore entities, trust, and nominee arrangement.

2.Control Room & Conduct Risk Management:

• Manage control room responsibilities, including maintaining the firm's restricted and watch lists, handling personal account dealing (PAD) approvals and monitoring, conflicts of interest management, entertainment & gift declarations, and annual employee attestation processes.

3.Policies, Training & Monitoring:

• Develop and maintain policies and procedures to ensure effective compliance with anti-money laundering (AML), countering the financing of terrorism (CFT), sanctions, anti-bribery and corruption (ABC) obligations, and control room requirements.
• Conduct periodic risk assessments of AML/CFT controls and contribute to the firm's enterprise-wide AML/CFT risk assessment (EWRA)
• Assist in monitoring unusual transactions and preparing Suspicious Transaction Reports (STRs) where necessary.
• Deliver internal training sessions on KYC/AML obligations and control room requirements.
• Conduct sample testing and monitoring to ensure operational adherence to key compliance controls.

4.Regulatory Compliance & Filing:

• Assist in the interpretation and application of MAS regulations relating to AML/CFT, sanctions, and conduct obligations under the CMSL regulatory regime.
• Support internal reviews and audits related to compliance function.
• Support MAS-related filings and regulatory engagement, including FATCA/CRS reporting.
• Coordinate the licensing of appointed representatives and directors with MAS, and maintain related records.

5.Other Responsibilities:

• Provide timely and accurate compliance reporting.
• Handle ad hoc compliance projects or tasks as assigned by the Head of Compliance & Risk.

Requirements:

• Bachelor's degree in Accounting, Finance, Business or related discipline.
• Minimum 5 - 7 years of relevant compliance experience in private wealth management compliance (preferably in brokerage house and/or private banks) with in-dept knowledge of MAS regulations.
• Strong understanding of Singapore's regulatory framework under the Securities and Futures Act (SFA), MAS Notices (especially AML/CFT requirements), and industry practices for CMSL holders
• Proven experience advising on KYC matters and onboarding for high-net-worth individuals and corporate clients
• Familiarity with MAS Notices (e.g. MAS Notice SFA 04-N02), MAS Guidelines, FATF standards and control room operations.
• Strong stakeholder engagement skills and ability to collaborate with front office and operations.
• Excellent communication, analytical and project management skills.
• Excellent time management skills and ability to work to tight deadlines and under pressure.
• Proficient in English and Chinese (spoken and written) as incumbent needs to liaise with HO colleagues and clients.