Compliance Advisory AVP

at  StriveX

S
Posted by
Suhani Malhotra
Recruiter
StriveX is partnering with a corporate bank that is looking to hire a compliance AVP. The role reports into the Head of Legal & Compliance and due to the small size of the team, the incumbent will have the chance to do a generalist role which will involve AML/ CFT advisory, maintaining of policies and framework and doing CDD/TM reviews.

Role & Responsibilities

• Advise and support businesses on all compliance matters including internal controls as well as regulatory requirements
• Develop and formulate AML/CFT policy and keep the bank’s AML/CFT framework up to date.
• Review and approve customer due diligence performed by relationship managers from Corporate Banking and Wealth Management Department.
• Review name matches, sanction and transaction monitoring alerts.
• Submit suspicious transaction reports to STRO.
• Conduct compliance training for bank.
• Work with IT to enhance AML system.
• Liaise with external and internal auditors on audit issues; implement audit recommendations
• Monitor regulatory developments and assess their implications to bank

Key Requirements

• Degree holder with at least 5-8 years of relevant working experience in similar capacity, with good exposure to AML/CFT matters.
• Well-rounder with exposure to various aspects of compliance responsibility including compliance advisory, customer due diligence, transaction monitoring as well as compliance monitoring
• Strong understanding of regulatory requirements (Banking Act, Securities and Futures Act and Financial Advisers Act) as well as internal control requirements within Corporate Banking and Wealth Management business
• Good understanding of banking operations and internal controls requirements
• Experience with on-boarding corporate banking and wealth management customers

What’s in it for you?

• Good work life balance
• Good bonus structure
• Food allowance
• Attractive leave and medical benefits

Interested applicants please apply here with your updated CV
StriveX Pte Ltd, EA License No: 23S2077
Suhani Malhotra, Registration No: R1770166
smalhotra@strivex.sg

• Advise and support businesses on all compliance matters including internal controls as well as regulatory requirements
• Develop and formulate AML/CFT policy and keep the bank’s AML/CFT framework up to date.
• Review and approve customer due diligence performed by relationship managers from Corporate Banking and Wealth Management Department.
• Review name matches, sanction and transaction monitoring alerts.
• Submit suspicious transaction reports to STRO.
• Conduct compliance training for bank.
• Work with IT to enhance AML system.
• Liaise with external and internal auditors on audit issues; implement audit recommendations
• Monitor regulatory developments and assess their implications to ban