Compliance Officer, Financial Crime, Compliance
CLSA · Singapore
Position Description
As a member of the Singapore Compliance team reporting to the Senior Financial Crime Compliance Manager, and with further support from head office, the incumbent will have the exciting opportunity to be given broad Compliance mandate which extends to a number of licensed entities in Singapore and multiple business lines, including, institutional cash equities sales and trading, research, Delta One & Equity Derivatives, fixed income sales and trading, ECM, DCM and asset management businesses.
In addition to the above, given the broad mandate of this role, it is expected that the incumbent will have the opportunity to develop well-rounded Compliance knowledge and be well-versed in a broad spectrum of Compliance skills, and not be restricted to specialized Compliance roles.
Key Areas of Responsibilities
The Compliance Officer will be supporting the financial crime prevention function for CITIC CLSA Singapore entities, covering all business lines in Singapore, including, institutional equities, investment banking/corporate finance, equity derivatives, FICC, wealth management and asset management. The primary responsibilities include, amongst others:
Support for managing the AML/CFT risks of all CITIC CLSA SG Entities in accordance with MAS Notice SFA 04-N02 and its associated guidelines, and the CITIC CLSA group AML/CFT policy.
Conducts Enterprise-Wide Risk Assessment on Money Laundering and Terrorism Financing for all CITIC CLSA SG Entities.
Monitoring of all business relationships and client transactions to identify all potential irregularities and suspicions from AML/CFT perspective, and drafting the submission of STRs to the MAS/CAD in a timely manner.
Monitors the daily operations of the CITIC CLSA SG Entities and ensure that adequate financial crime prevention measures are adopted in accordance with all regulations, policies and procedures.
Advises management, businesses, operations and support teams on AML/CFT requirements, so as to facilitate client on-boarding, business initiatives and negotiations,
Reviews KYC measures conducted by the client onboarding team and conducts periodic reviews on the KYC documentations that are maintained to ensure that all applicable regulatory and internal requirements are adhered with.
Assists with ad-hoc checks, risk reviews, remediation and screenings of clients, vendors, counterparties as and when needed.
Provides advice/collaborate with the business and relevant support functions in the development of AML/CFT controls, processes and procedures to ensure risks are effectively identified and mitigated.
Conducts Financial Crime related trainings for Singapore staff as may be required, and ensure all relevant staff completes the trainings.
Conducts monitoring to ensure that all relevant businesses and employees comply with the relevant Financial Crime related policies.
Timely escalations to the Head of Compliance, Singapore, the Regional Head of Financial Crime Compliance, and local management on all material AML/CFT issues or exceptions pertaining to CITIC CLSA SG Entities
Provide monthly Financial Crime Compliance updates to local management, and periodic updates to the board of directors of CLSA SG Entities.
Handles MAS, SGX, internal and external audits relating to AML/CFT focus areas.
Stay updated on new regulatory developments and industry best practices; recommend enhancements to existing compliance frameworks.
Requirements
Bachelor’s degree or above preferably in Accounting, Banking & Finance or a related discipline
Minimum 2 years’ working experience in compliance, with relevant account opening and KYC experience, some of which must be within a financial institution.
In-depth understanding or direct experience in Financial Crime, including retail, wealth management, institutional brokerage experience.
Sound understanding of securities laws, as well as AML regulations, operations, products and services, especially those of Singapore and Hong Kong.
Self-motivated, independent and pleasant personality with excellent inter-personal skills.
Attention to detail, organisational and multi-tasking skills. Ability to manage competing stakeholders with quick logical thinking ability and good presentation skills.
Strong analytical skills with the ability to analyse large amounts of data, decipher higher risk attributes (transactional, geographical, product, customer type, etc.) and disposition appropriately.
Proficient in Microsoft Office Applications for both data collection and interpretation of the results that can presented clearly and concisely.
Fluent in both spoken and written English, ideally Mandarin as well.
Financial Crime/AML related certifications/qualifications e.g ACAMS will be advantageous.
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