For Recruiters

Compliance

Bank of Communications Co Ltd
Singapore
Posted 10 days ago Permanent Competitive
As part of our expansion, we are inviting dynamic and committed Compliance talent to join our team in Singapore as we embark for greater growth.

Responsibilities:

  • Keep abreast of developments in the local regulatory environment and monitor the bank’s compliance with the regulatory requirements (including AML/CFT), and perform gap assessment where necessary;
  • Communicate relevant regulatory (including AML/CFT) changes to management and relevant departments & maintain regulatory obligation register;
  • Assist in implementing regulatory compliance (including AML/CFT) measures;
  • Assist in reviewing, formulating and implementing policies, procedures and methods relating to regulatory compliance and AML/CFT
  • Perform regulatory compliance testing on compliance (including AML/CFT) controls and measures and follow up on remediation of any deficiencies identified
  • Perform review of client due diligence performed by business units, where required
  • Investigate suspicious transactions escalated to Compliance department and prepare suspicious transaction reporting to regulatory authority
  • Assist in facilitating regulatory compliance and/or AML/CFT awareness training/sharing session (new-joiner, refresher and ad-hoc trainings)
  • Assist to manage name screening system and in the execution of enterprise wide risk assessment
  • Assist in the preparation of reporting to regulatory authorities, Head Office and local management
  • Assist in the remediation and/or follow up on the remediation of any regulatory compliance / AML/CFT-related control deficiencies identified by the regulatory authorities as well as internal and external auditors
  • Escalating any regulatory breaches or non-compliance matters to the HOD
  • Assist in implementing post-transaction monitoring measures and framework;
  • Report to Head of Compliance and undertake any other additional tasks and responsibilities assigned by the Head of Compliance, when required.

Requirements:

  • Possess a Diploma/Degree with min 3-6 years of banking experience in AML/compliance function within a corporate banking environment;
  • Knowledge of MAS requirements and industry practices on AML/CFT and/or compliance matters;
  • Self-motivated, meticulous and able to multi-task/work independently;
  • Bilingual in both spoken and written English and Chinese as the incumbent may be required to communicate and correspond with Chinese colleagues and help in preparing documentation in Chinese.
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