Compliance Head

6 days ago

Singapore CAREER STORY PTE. LTD. Full time

This is a perm role for one of our banking clients

Role Overview:
The Compliance Head is responsible for overseeing and ensuring full compliance with regulatory requirements and internal policies for the bank.

This includes ensuring adherence to Singaporean and Philippine laws, managing Anti-Money Laundering (AML) and Terrorist Financing (TF) risks, and providing strategic guidance to senior management.

The role also involves maintaining strong relationships with regulatory bodies and ensuring the effective implementation of compliance programs and training.

Key Responsibilities:
Regulatory Compliance

Ensure adherence to Singapore's Banking Act, Securities and Futures Act, MAS regulations, and applicable Philippine regulations (BSP, SEC).

Align internal policies with regulatory requirements.

Anti-Money Laundering & Terrorist Financing

Ensure compliance with AML/TF regulations, monitoring suspicious transactions.

Oversee the implementation of appropriate systems to prevent money laundering.

Compliance Program Review

Identify relevant regulations and assess compliance risks.

Conduct periodic reviews to ensure compliance with regulatory requirements.

Liaison with Regulatory Agencies

Act as the primary contact between the branch and regulatory agencies (MAS, BSP).

Consult on regulatory issues and maintain open communication with regulatory bodies.

Liaison with Head Office

Foster communication between the Singapore Branch and Head Office to align compliance activities.

Ensure policies and guidelines are consistent with the Head Office’s standards.

Compliance Training & Advisories

Provide training and disseminate information on regulatory requirements to branch staff.

Issue compliance advisories and ensure staff awareness on legal and regulatory matters.

Wealth Management Compliance

Advise on regulatory requirements for wealth management activities under the Securities and Futures Act.

Review and update policies related to registered activities under the Act.

Compliance Testing

Oversee Independent Compliance Testing (ICT) and Regulatory Compliance Testing Checklist (RCTC).

Ensure timely reporting of testing results to Head Office Compliance.

Case Officer

Act as Case Officer for compliance-related issues within the branch.

Administrative Duties

Conduct regular compliance meetings, evaluate staff performance, and recommend improvements.

Ensure compliance staff training, reporting, and maintain compliance-related records.

Qualifications & Requirements:
Extensive knowledge of regulatory compliance in the banking sector, especially in relation to Singapore and the Philippines.

Experience in AML, TF, and wealth management compliance.

Strong communication and liaison skills with regulatory agencies and Head Office.

Ability to lead compliance programs, provide training, and ensure staff adherence to policies.

Strong organizational and administrative skills, with attention to detail in reporting and compliance activities.

By submitting your personal data and/or resume, you will be deemed to have agreed and consented to us collecting, using, retaining, and disclosing your personal information to prospective employers for their consideration.

**Joselito | EA Registration: R25126580

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