Manager - Compliance
HL BANK
Job Summary
Job Description
1. Regulatory Compliance
2. AML/CFT
3. Internal Controls
4. Compliance Support on Bank Initiatives
5. Organizational (organizational responsibilities)
Job Requirement
- To ensure the Bank adheres to the compliance and regulatory requirements.
- To provide regular dissemination and internal reporting of new regulations.
- To provide for management of AML/CFT risks in the bank and participates in the prevention of financial crimes
Job Description
1. Regulatory Compliance
- As required, communicate relevant new and updated regulatory requirements to impacted departments on a timely basis.
- Communicate relevant consultation papers to impacted departments, and consolidate feedback for submission to MAS.
- Track and follow up on the timely implementation of new and revised relevant regulatory requirements
- Record status of implementation of applicable new regulations / regulatory updates.
2. AML/CFT
- Perform ongoing AML transaction monitoring including but not limited to the review, analysis and disposal of transaction monitoring alerts in accordance with the bank's processes, as well as timely escalation of alerts along with relevant information and due diligence.
- Work with the relevant stakeholders to review and recommend segmentation, rule and scoring changes in relation to the SIRON system, and ensure they are tested appropriately prior to implementation
- Able to analyse the latest AML typologies and trends and ensure that the existing AML framework continues to be effective in mitigating these new risks.
- Able to provide guidance to the stakeholders on AML typologies for TM as well as scenarios for monitoring.
- Review unusual transactions and/or activities with an analytical mind and be firm (with strong reasoning) and assertive when being challenged.
- Reporting of approved Suspicious Transactions Reports by Head of Compliance to Suspicious Transaction Reporting Office of the Commercial Affairs Department in the Singapore Police Force for the bank.
- Covering the approval for TT and also Fund Transfers of High Risk customers including large cash deposits
- Provide AML/CFT related training to HL Bank staff when arises.
- Upload entities / names from local authorities such as Commercial Affairs Department, Corrupt Practice Investigation Bureau and Singapore Police Force into Safewatch.
3. Internal Controls
- Perform checks on relevant departments so as to ensure that procedures are complied with.
- Review and propose enhancement to procedures where necessary.
4. Compliance Support on Bank Initiatives
- Provide Compliance support on projects and initiatives, providing guidance from a regulatory perspective.
- Review SOPs and marketing materials to ensure that they comply with the relevant regulatory requirements.
5. Organizational (organizational responsibilities)
- To carry out any other duties as directed by Company Management.
- Subject matter expertise in financial crime compliance
- Inculcate a strong awareness of financial crime compliance controls and AML risks at HL Bank
Job Requirement
- Relevant university degree and/or professional qualification
- At least 7 years in compliance in financial crimes compliance in the banking and finance industry
- Knowledge of Siron and Worldcheck will be an advantagous
JOB SUMMARY
Manager - Compliance
HL BANK
Singapore
a day ago
N/A
Full-time
Manager - Compliance