Compliance Officer, Regulatory Compliance (M/F)

Job description

The Regulatory Compliance Department is responsible for ensuring compliance with all applicable Singaporean regulatory requirements (banking, securities, trust, and anti-money laundering). As a Compliance Officer, you will report to the Head of Regulatory Compliance and be responsible for the following tasks:

• Development, implementation, and review of compliance monitoring programs (including AML, transaction monitoring, etc.) for banks, affiliates, and offshore entities
• Conducting compliance audits (including sales process audits and preparing reports) and providing solutions for the business
• Providing regulatory advice to senior management, middle management, and other relevant stakeholders
• Providing training, support, and assistance to the bank's employees on matters of regulatory compliance
• Planning, managing, and coordinating compliance projects related to the bank’s business, as assigned by the supervisor from time to time

Key Responsibilities

In carrying out the responsibilities described above, the individual is expected to be able to independently:

• To establish a constructive and effective working relationship with senior management, middle management, and all stakeholders of the bank who may be affected by the implementation of compliance policies and procedures
• Identify compliance issues and make recommendations by developing, implementing, and maintaining compliance policies and procedures
• Coordinate compliance efforts with those of the bank’s global departments and initiatives
• Conduct ongoing compliance inspections and refresher training for the bank's employees
• Review and approve marketing materials, pitch books, website content, contracts, and other banking-related matters from a compliance perspective
• Monitor programs during compliance audits in response to new laws and regulations, as well as new products and services, where applicable

Requirements

• Academic Qualifications: Bachelor’s degree in a related field or an equivalent combination of education and experience
• At least 3–5 years of experience in compliance at a financial institution, preferably in a private banking environment
• A solid understanding of compliance controls and monitoring, including audits and oversight, as well as policies, procedures, regulations, industry best practices, trends, and relevant laws, regulations, and rules issued by the relevant regulatory authorities

Required skills

• Strong research, investigative, and analytical skills, as well as proficiency in Microsoft Office (Excel, Word, PowerPoint) and experience with banking systems
• Strong written and verbal communication skills, as you will be communicating directly with various senior internal and external stakeholders
• Ability to build constructive and effective working relationships with the Bank’s stakeholders who may be affected by the implementation of compliance policies and procedures
• Strong analytical skills and ability