Job Description:

• Report directly to the Head of Compliance – Private Banking
• Assist in setting up and formalising policies and procedures of the Private Banking Compliance for Singapore Branch
• Perform AML, KYC, transaction monitoring and country sanctions checks
• Work with business and give advices on AML, KYC and sanctions issues
• Monitor the controls on client’s investment suitability and fair dealing etc.
• Conduct periodic training for private banking staff to comply with ABS/MAS requirements
• Escalate all non-compliance situations to the responsible Compliance Head(s), if necessary
• Review operating and marketing instructions and provide advices relating to compliance issues
• Ensure marketing materials and client documents are all up to regulatory standard
• Handle private banking staff's application for regulatory examinations, licensing and registrations etc.
• Provide reports to management on new regulatory issues and how the business may be impacted

Requirements:

• University Degree in Accounting, Banking, Business Admin, Law or Risks related discipline
• 3 - 6 years of compliance experience in private bank, wealth management business or related field
• Sound knowledge of the Singapore regulatory space with experience and confidence to deal with regulators
• Good understanding of private banking products and family trust products is also an added advantage
• Excellent team player with strong interpersonal and communication skills to work well with all counterparts

Salary: $6,500 Per Month