Mission

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Main responsibilities

Role Overview

This person provides support to the Singapore Compliance team, handling the day-to-day spectrum of compliance activities for the Singapore branch, to ensure that the business operations adhere to the requirements of the Monetary Authority of Singapore, the Swiss Financial Market Supervisory Authority (FINMA), and all relevant compliance-related laws and regulations, including anti-money laundering/sanctions/countering of terrorist financing/ anti-bribery and corruption (“AML/S/CFT/ABC”) laws and regulations; as well as internal compliance policies and procedures. 

This person will assist in implementing an efficient control program through ongoing review process, suspicious transaction monitoring, investigation (including internal disclosures) and reporting.

Responsibilities

• Assisting management, Head of Compliance Singapore and Head of AML in their prime responsibility to comply with all relevant AML/S/CFT/ABC policies and procedures, from group guidance & local regulatory perspective, to ensure the local office has effective control framework with ongoing reviewing /testing programs in place
• Primarily responsible for AML/S/CFT/ABC transaction monitoring & account surveillance, as well as data mining.
• Assist in implementing and maintaining AML monitoring tools (SWIFT, Pythagoras and IMTF, etc)
• Handle threshold tuning exercises for the AML monitoring tools
• Identify and rectify control weakness through ongoing review/monitoring of the AML/S/CFT/ABC control framework from group and local regulatory requirement perspective
• Conduct all necessary regular reviews and surveillance on Compliance and AML/CFT/ABC controls framework, including but not limited to client acceptance, periodic review process, transaction monitoring, payment filtering & client screening clearance, timely STR filing and maintenance of register, business activities/processes, enterprise-wide risk assessment, high risk transactions reviews, etc.
• Prepare working papers and draft monitoring reports for review; follow up and monitor clearance of issues
• Assist in the preparation and submission of compliance/regulatory reports for management, regulators, auditors, etc.
• Conduct AML/CFT/FATCA/CRS training, keep up to date with implementation of new or revised regulations and update bank staff of the same
• Assist in preparation of material for AML/S/CFT/ABC training
• Assist in audits and inspections, and investigations where required
• Assist Head of Compliance, Singapore, Head of AML and the Compliance team in any other work matters such as Monitoring & Surveillance or General Advice.
• Involvement in ad hoc special work projects as and when required

Personal skills

A keen interest to learn and perform general compliance matters. Good interactive, communication and writing skills. Familiar with tools such as VBA, Microsoft Access. Able to provide alternative solutions to business. Motivated and innovative; able to handle issues and resolve challenges in collaboration with colleagues. Team player.

Education

• Education: Bachelor Degree

Experience

• Years of experience: 3-7 : intermediate
• Experience required: 5-7 years of relevant experience in general compliance and financial crime compliance, preferably in a Singapore private bank.
• Experience in private banking: Mandatory

Language

• English: Fluent

OTHER

• Swiss resident: N/A