For Employers
Compliance Associate
Job post no longer accepts applications
2 months ago
Posted date
2 months ago
FinanceJob category

Key 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.
Related tags
Compliance Associate
2 months ago
Entry / Junior