Director – Compliance Advisory (Private Bank)

Key responsibilities

• Assisting management and Head of AML and Head of Compliance Singapore in their prime responsibility to comply with all relevant AML/S/CFT/ABC policies and procedures, from group guidance & local regulatory perspective, to ensure the local office has effective control framework with ongoing reviewing /testing programs in place
• Primarily responsible for KYC and client on-boarding as well as training on this topic
• Take charge of the Asia Tax Compliance Committee, following up on tax-related matters for the branch
• Identify and rectify control weakness through ongoing review/monitoring of the AML/S/CFT control framework from group and local regulatory requirement perspective
• Conduct all necessary regular reviews and surveillance on Compliance and AML/CFT controls framework, including but not limited to client acceptance, periodic review process, transaction monitoring, payment filtering & client screening clearance, timely STR filing and maintenance of register, business activities/processes, enterprise-wide risk assessment, high risk transactions reviews, etc.
• Prepare working papers and draft monitoring reports for review; follow up and monitor clearance of issues
• Assist in the preparation and submission of compliance/regulatory reports for management, regulators, auditors, etc.
• Conduct AML/CFT and/or FATCA/CRS training, keep up to date with implementation of new or revised regulations and update bank staff of the same
• Assist in preparation of material for Compliance training
• Assist in audits and inspections, and investigations where required
• Assist Head of AML and Head of Compliance, Singapore and the Compliance team in any other work matters such as Monitoring & Surveillance or General Advice.
• Involvement in ad hoc special work projects as and when required