Compliance Associate
Job post no longer accepts applications
a year ago
Posted datea year ago
Entry / JuniorMinimum level
Entry / JuniorKey Responsibilities:
1. Regulatory Compliance Management:
- Work closely with Group Compliance to interpret, monitor, and ensure compliance with all relevant MAS regulations, guidelines, and notices.
- Keep abreast of regulatory developments and updates, providing guidance and recommendations to senior management on necessary actions to maintain compliance.
- Assist in developing and implementing compliance policies, procedures, and controls in alignment with MAS requirements.
2. License Maintenance and Reporting:
- Assist the Group Regulatory Engagement team to manage the MAS licensing process, including applications, renewals, and amendments, ensuring all documentation and filings are accurate and submitted on time.
- Prepare and submit regular regulatory reports to MAS, including financial, operational, and compliance reports, as required by regulatory obligations.
3. Risk Management:
- Conduct risk assessments to identify and mitigate compliance risks across the organization.
- Develop and maintain a robust compliance monitoring program to proactively identify and address any compliance issues or gaps.
- Collaborate with other departments to implement controls and measures to mitigate compliance risks effectively.
4. Training and Awareness:
- Provide training and education to employees on compliance policies, procedures, and regulatory requirements.
- Foster a culture of compliance awareness and ethics throughout the organization.
5. Regulatory Engagement and Communication:
- Serve as the primary point of contact for regulatory inquiries, examinations, and audits conducted by MAS.
- Build and maintain effective relationships with regulatory authorities, representing the organization in a professional manner.
Other Responsibilities:
- Responsible for the full spectrum of AML & KYC duties including conducting reviews on new clients / business partnership, conducting periodic reviews on existing accounts, and ongoing transaction monitoring.
- Facilitate in filing of suspicious transactions (STR) from AML/CFT perspective.
Qualifications and Requirements:
- Bachelor's degree in Finance/Banking/Law or equivalent field. Advanced degrees or professional certifications (e.g., CAMS, CRCM, CFE) are advantageous.
- Minimum of 1-2 years of experience in compliance roles within the financial services industry, preferably with exposure to MAS-regulated entities.
- In-depth knowledge of MAS regulations, guidelines, and regulatory expectations applicable to financial institutions.
- Strong analytical skills with the ability to interpret complex regulatory requirements and apply them to business operations.
- Excellent communication and interpersonal skills, with the ability to effectively interact with stakeholders at all levels of the organization.
- Proven ability to work independently, manage multiple priorities, and drive projects to completion in a timely manner.
- High level of integrity, professionalism, and ethical conduct.
JOB SUMMARY
Compliance Associate
Singapore
a year ago
Entry / Junior
Full-time
Job post no longer accepts applications
Compliance Associate
Job post no longer accepts applications