Manage the AML/CFT program and support broader regulatory compliance matters to ensure strict adherence to regulatory requirements (MAS CMS & MPI (DPT)).
Work alongside and with the AML/CFT team members (local and outsourced) to ensure deliverables are met on a timely basis and local regulatory requirements are complied with.
Create and conduct AML/CFT compliance training programs for team members and maintain documentation of training efforts.
Review and investigate clients’ daily trading activities to determine whether STR filing is necessary.
Prepare internal and external reports, including STRs, ISTRs, MAS annual AML/CFT returns and MAS AML/CFT survey responses.
Develop transaction monitoring scenarios, and review cases in the transaction monitoring system when rule thresholds are crossed or when questionable activity referrals are escalated.
Set and maintain parameters in relation to KYC, CDD/EDD, CRR, sanctions and relevant policies and systems.
Undertake periodic and ad-hoc CDD/EDD reviews.
Assist in responding to regulatory inquiries and inspection/investigation requests, where required.
Assist in the preparation of compliance advisory memos, regulatory submissions and licence application forms, where required.
Coordinate internal audits, external audit compliance reviews, regulatory inspections and other assurance reviews, including drafting responses, tracking remediation actions and ensure timely closure of findings.
Perform ongoing compliance gap assessments against applicable MAS requirements and work with relevant stakeholders to remediate identified gaps.
Draft and develop robust AML/CFT and Compliance policies and procedures, aligned with MAS regulations/guidelines/circulars.
Responsible for AML Compliance Monitoring Program review program and outcome.
Monitor outsourced AML/CFT tasks, if any.
Support the use of data analytics, automation and AI-enabled tools for compliance purposes, including enhancing monitoring, gap assessments, workflow efficiency and compliance reporting, while ensuring appropriate controls are in place.
Work closely with Group entities performing outsourced processes, to ensure Singapore regulatory requirements are understood and implemented effectively.
Support the Compliance Head on matters relating to AML/CFT and broader regulatory compliance advisory to the Company.
Take a proactive approach in working with relevant stakeholders, identifying compliance risks, proposing practical solutions and driving timely remediation.