Compliance cum Finance Officer (Full Time)

Job Purpose:

Compliance

• To assist Head of Compliance to manage a robust Compliance function in line with the Group Compliance Policy which provides assurance to the Board and senior management.
• Support Group Compliance and Unit Branch in collaborating with relevant businesses (predominantly corporate and institutional) on Compliance and financial crime issues across client and geographic segments and client coverage models.
• Act as back up to Head of Compliance & MLRO, Asia during his/her leave/absence.

Finance

• To assist the Head of Finance and Finance department on daily reporting including computing and monitor regulatory compliance ratios and requirements.
• Assist in MAS reporting.
• Act as a Finance back up for expenses payment and entries.

Principal Responsibilities:

Compliance

Assist the Head of Compliance to manage a Compliance function covering bank wide compliance risks for the Branch as mentioned in Section 1 above.

Assist the Singapore MLRO in achieving the successful clearing of the SIRON KYC and Safewatch batch alerts and also assist in managing the day-to-day alerts by undertaking the following activities:

• Alert disposition (investigation) to rule out false positive hits
• CDD/KYC review for alerts
• Gathering necessary information from different stakeholders
• Conduct open searches to rule out alerts
• Reporting daily progress reports
• Escalating true matches and suspicious activities to MLRO

Aside from the above, primary role is also to assist in financial crime/FATCA & CRS /Data Protection unit governance initiatives, such as:

• AML systems implementation,
• partake in committee meetings preparation,
• preparation for reporting to Group Compliance
• limited compliance testing
• Data Protection Risk Assessment and Annual Plan initiatives

Finance

Regulatory financial compliance - Asset Maintenance Ratio (AMR), Minimum Liquid Asset (MLA) and Minimum Cash Balance (MCB)

• Compute qualifying Liabilities, non-bank deposits and adjusted capital fund
• Monitor qualifying assets and ensure compliance with the ratios and requirements including projections

Prepare/check MAS returns for submission covering notices 755, 640, 649, 758, 610, 757, 759, 760 and 630

Assist Finance (as a backup) in the processing of payment and entries for expense

Job Requirements:

Knowledge

• Good knowledge and understanding of Anti-money Laundering.
• Good knowledge of Customer Due Diligence/ Know your Customer requirements.
• Basic understanding of Sanctions and screening
• Basic understanding of MAS regulatory requirements of a wholesale bank
• Solid computer skills with capability to use spreadsheets, graphic and presentation packages to review and create professional material.
• Knowledge and understanding of MAS reporting, MLA, MCB and AMR
• Basic knowledge of accounting preferred

Education / Certifications

• Suitably educated, preferably with a bachelor's degree (a prerequisite).

Experience

• External auditors or Internal auditors that have audited regulated financial institutions and are looking for an in-house role are welcome.
• Junior compliance professionals looking to expand compliance knowledge and portfolio.
• Compliance related qualifications would be an advantage (e.g. ACAMS, ICA).

Personal Attributes

• Motivated and independent, with a can-do spirit to expand compliance knowledge.
• Stakeholder focused.
• Effective communication skills.
• Ability to remain calm, work under pressure and meet tight deadlines.
• Good organization, coordination and follow-up skills.