AML Compliance Function

• Review and approval of customer on-boarding and on-going due diligence

• Review and approval of transactions escalated to compliance team

• Review of credit proposals from compliance perspective for all new and existing credit relationship of corporate banking Group

• Performance of Compliance reviews and testing on various activities

• Handle follow up on the implementation of recommendations by various departments from Regulatory Inspection or reviews, Statutory audits, Independent Audit, Internal Audit

• Reviewing of Policy, Manual, Product And Process notes relevant to AML/CFT

• Follow-up with business and/or operations group on outstanding Audit/Compliance testing issues

• Assist the Transaction Monitoring team in name screening and AML rule-based screening of transactions

• Involve the AML relevant systems UAT, enhancements and annual review

• Prepare EWRA exercise and methodology review

Back-up Role-Bank’s Data Protection Officer

• Contribution to the development and implementation of data protection policies and procedures in compliance with the applicable laws and regulations to keep them updated.

• To advise business groups and other support/control groups for compliance of the data protection policy and conduct required trainings

• Identification and mitigation of data protection risks in relation to technology, outsourcing, marketing programmes.

Be the nominated data protection officer of the Bank, coordination with the governmental and regulatory authorities in relation to the activities under the data protection laws and regulations as well as handling and leading on the resolution of complaints from the public and staff in relation to the data protection.
Regulatory Compliance (Non AML)

• Conduct gap and impact analysis and assistance to implementation of new regulations and regulatory requirements

• Submission of the above review to head office and for internal update is to be done in a timely manner

• Pre-trade clearance and submission of statement under the Personal Account Dealing framework of the Bank and carrying out periodic compliance review and testing. Review of Personal Account Dealing framework from time to time.

• Performance of compliance reviews and testing on various activities as per approved testing plan.

• Reviewing of Policy, Manual, Product and Process notes from regulatory compliance respective.

• Liaise with the regulator under the delegation of head of compliance

Reporting

• Preparation of reports (eg: monthly compliance report, Singapore Compliance and Audit Committee report/presentation and quarterly compliance certification) for onward submission to HO.

• Preparation and submission regular regulatory reports/survey under compliance team to the regulators

• Ad hoc projects given by department head

Requirements

• Good understanding of compliance practices, guidelines and regulations in the banking industry

• Good understanding of compliance practices in BA/ SFA/ FAA and local regulations

• Good interpersonal, written and verbal communications skills with attention to detail

• Ability to multi-task and manage work tasks with numerous stakeholders as well as deliver results within tight timelines

• AML/ CFT relevant certificates