Compliance Officer

**Your team**:

- The Pictet group is one of the world’s leading independent wealth and asset managers. Founded in 1805 and headquartered in Geneva, Switzerland, the Group is represented in 30 offices in financial centres worldwide, currently employing over 4600 people. Pictet has been present in Singapore for more than 25 years where it employs over 200 people.- The Compliance function is responsible for helping Pictet’s senior management manage the compliance risks faced by Pictet.- This role will focus on the risks faced by Pictet’s Singapore bank, Bank Pictet & Cie (Asia) Ltd (BPCAL).**Your role**:

- The Compliance Officer will be part of the team that will handle escalation of client and transaction risks through transaction monitoring and ongoing screening to identify, investigate and where necessary report suspicious activity. One of the primary roles of the officer will be to monitor changes that would impact the business, working with the business and applicable support functions to ensure that BPCAL is complying with its regulatory obligations, with a specialisation in AML advisory. In addition, the Officer is also expected to support the team in performing risk-based compliance testing addressing risks such as client onboarding and periodic review controls, primarily focusing on anti-money laundering. The role will report to the Singapore Head of Compliance.- Key Responsibilities:
- Execute required Transaction Monitoring (TM), Payment Filtering and Ongoing Name Screening controls with a focus on the performance and review of ongoing name screening alerts and escalation from the 1st line.
- Work with the Head of Compliance to execute the risk management strategies in response to evolving risk environment and money laundering typologies.
- Investigate activities or escalations of suspicious activities from relevant sources and where suspicion is formed, make the necessary reporting to local authorities.
- Support external requests include Production Orders, Due Diligence queries and any needed regulatory reporting (e.g. remote gambling act reporting).
- Support the Head of Compliance to oversee the delivery of effective AML/CFT and investigation capabilities for the Bank, including ensuring an up-to-date and effective Enterprise-wide Risk Assessment (EWRA).
- Develop or enhanced relevant policies and procedures covering the AML/CFT and Investigation lifecycles.
- Work with Group Compliance, Technology teams to design and finetune appropriate scenarios and thresholds to detect higher risk activities.
- Build and maintain a proactive and constructive relationship with business and functional stakeholders, working with the Head of Compliance to design appropriate controls focusing on risk identification and management.
- Provide advice to business and support functions on compliance and regulatory matters related to AML/CFT.
- Execute compliance control testing and thematic reviews on the design and operating effectiveness of key controls across compliance risks (primarily related to AML/CFT).
- Develop, update as needed Compliance department’s policies and procedures to meet regulatory requirements and internal group standards, supporting the translation of these requirements into management actions.
- Provide Compliance’s input into New Product Services (NPS), ensuring relevant compliance risks on financial crime are suitably considered.
- Work with the Head of Compliance to help BPCAL’s senior management understand the impact of new regulations and where needed represent BPCAL in industry consultations related to AML/CFT.
- Work with internal stakeholders in ensure regulatory reports are prepared and submitted on time.
- Escalation of significant compliance or regulatory issues to Risk & Compliance and Senior Management.
- In the event of serious regulatory or compliance risk tolerances breaches, work with stakeholders to ensure the necessary reporting and internal processes occurs are triggered.
- Represent Compliance as needed on projects and initiatives.
- Support the team and Head of Compliance in the resolution of compliance owned management action plans for audits and inspections.
- Produce relevant management information reports to board and senior management on the governance of regulatory risks.
- Any other duties as assigned.

**Your profile**:

- Bachelor Degree in law, banking or business
- Working knowledge of the CDSA, AML/CFT typologies, relevant MAS Regulations and Guidance on AML/CFT
- Working experience of Singapore regulatory landscape and expectations needed. Familiarity with regulations and guidance on in an AML, Financial crime Compliance role including specific experience in Name Screening, Transaction Monitoring, Financial Crime Investigations, Payment Filtering duties will have an advantage
- At least 6 years’ experience in AML/CFT compliance for AVP.
- Prior experience in a similar role in a Private Bank will be advantageous, as will former regulators
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