Compliance Associate, Monitoring & Surveillance

Posted 23 May 2023
Salary 72-120K
Job type Permanent
DisciplineFinancial Services
ContactPaul Zhong

Job description

Our client is a well-established financial institution with a focus on private banking and wealth management. This role will play a crucial role in supporting the Head of General Compliance & Monitoring and Testing in implementing an effective control program for Private Banking and Treasury & Trading activities. Their responsibilities will include:
  • Assisting the Head of Compliance in implementing Monitoring & Surveillance activities and the management of Functional Controls (MFCs).
  • Identifying and addressing control weaknesses by continuously reviewing and monitoring the AML/S/CFT/ABC control framework, considering both group and local regulatory requirements.
  • Conducting regular reviews and surveillance on Compliance and AML/S/CFT/ABC controls framework, such as tax reporting, client acceptance, periodic review processes, and transaction monitoring.
  • Preparing working papers and drafting monitoring reports for review, and monitoring the clearance of identified issues.
  • Assisting in the preparation and submission of compliance/regulatory reports for management, regulators, auditors, etc.

The ideal candidate should possess the following qualifications:

  • Bachelor's degree in any relevant fields
  • A minimum of 3 - 5 years of relevant experience in monitoring & surveillance or tax, preferably in an audit firm or a Singapore private bank.
  • Strong interest in learning and performing Monitoring & Surveillance tasks as well as AML/S/CFT/ABC.