Leading Corporate Trustee, Compliance Manager

Our client is a leading financial services firm providing corporate trustee services in Asia. Due to on going growth, they are looking for a Compliance Manager based in Singapore, reporting to the SVP Legal and Compliance.

Key responsibilities:

• Ensure compliance with the Singapore legal and regulatory requirements for the business by formulating compliance management policies and internal controls that are clearly communicated, understood and implemented.
• Facilitate compliance with matters relating to regulatory and industry body requirements, with a particular focus on AML/CTF.
• Ensure adequate compliance controls are set in place for the company and its clients and ongoing monitoring to ensure effectiveness.
• Keep abreast of all regulatory matters and act as compliance officer to ensure management is fully informed of current, new or proposed legislation that affect business activities.
• Ensure all new client relationships have undergone the appropriate document review, client identification screening and risk assessment prior to onboarding and entering into transactions;
• Ensure all existing KYC documentation and information is updated and validated correctly on a periodic basis, risk assessments are completed and necessary escalation is performed;
• Conduct ongoing monitoring, due diligence and reviews on clients, including enhanced due diligence;
• Play an active role in the identification, investigation, escalation and reporting of suspicious activities and transactions;
• Provide sound reasoning and justification on AML/CFT matters;
• Review and update existing policies and procedures to ensure adherence to regulations, guidelines, standards and policies;
• Advise on relevant MAS regulations and implications on company policies including outsourcing, technology risk management, cyber security and business continuity management;
• Implement and conduct controls and sample testing and ensure all risk events will be managed and escalated where necessary;
• Assist with the ongoing review, maintenance and development of key risk and compliance documentation including FATCA/CRS review and risk assessments;
• Provide updates on Notices / Circulars / Guidelines received from various regulatory bodies and Group;
• Liaise with internal & external auditors with the ability to provide process walkthrough.

Requirements:

• Degree or degree level qualification;
• Have at least 5 years of relevant experience, with 3 years in an AML/regulatory compliance/Legal/Internal audit position. Relevant experience with a global financial institution and/or trustee is an added advantage. Legal background is an added advantage.
• Excellent technical knowledge and understanding of financial crime legislation, rules and regulations in Singapore;
• Effective and clear communication; comfortable in facing different stakeholders at senior levels;
• Strong attention to detail and analytical skills, with an investigative mindset;
• Strong planning and organisation skills;
• High motivation for risk and control, with a positive can-do attitude.
• Adaptive, willing to learn.

We welcome interested qualified candidates to email an updated resume in word doc format to enquiry@targetpartners.com.sg indicating current and expected compensation. We regret that only shortlisted candidates will be notified.

[Florence Teo, R1105626]