About this role
Overview
You will be responsible for leading the Singapore branch's compliance risk management program and for ensuring that Singapore Branch has risk-based policies, procedures and controls, designed to ensure compliance with all applicable laws, regulations, policies and applicable guidance of local regulators, ensuring alignment with ISP Head Office (HO) requirements and standards. You will hold the role of Anti-Money Laundering and Counter-Terrorism Financing (AML/CTF compliance officer) and also the Money Laundering Reporting Officer (MLRO) of the branch. You will act as primary point of contact for ISP HO in regulatory compliance and AFC matters with Singaporean regulatory authorities.
What you’ll be doing
The main activities will be:
- Ensuring adherence to applicable Branch policy, procedures and guidelines.
- Assessing, monitoring and overseeing the management of risk associated with money laundering, terrorist finance, breach of embargoes and bribery and corruption.
- Ensuring alignment with regulatory obligations through the identification and interpretation of the external regulations and the assessment of the impact of the applicable laws on the Branch processes and procedures.
- Proposing operational, organisational and procedural amendments aimed at ensuring adequate control of the risks.
- Producing the Branch Annual Risk Assessment elements for regulatory compliance related contexts (e.g. investment services, outsourcing), money laundering, terrorist financing and financial sanctions.
- Assessing inherent risks, control efficacy, residual risk and recommend appropriate mitigation actions.
- Ensuring the adoption and implementation of the direction provided by the Parent Company with regard to risk-management policies, processes and procedures with respect to AFC matters.
- Liaising with the Supervisory Authorities to stay up to date on the legislative framework and operating in compliance with regulations in force with regard to the Branch business model.
- Operating an oversight program to ensure adherence to local regulatory requirements for money laundering, terrorist financing, financial sanctions and anti- bribery and corruptions.
- Authorising the opening and maintaining of existing relationships with PEPs, high risk customers, Financial Institutions and appropriately manage customers who are found to be included in the Sanctions Lists.
- Assessing and facilitating new product approval and services to be marketed and/or significant changes to existing ones.
- Assessing the compliance of corporate transactions identified as sensitive for the purpose of embargoes and those that involve countries, product categories, or parties subject to sanctions and/or C19restrictive measures.
- Complete ad hoc tasks as reasonably requested by Head Office.
Who we are looking for
If you want to turn your passion into a career and you have the following characteristics, we are waiting for you: Minimum eight years of experience in Compl