Job Description
- Be primary point of contact for regulators and banking partners in Singapore and regionally including, but not limited to MAS
- Coordinate with Corporate Compliance to ensure compliance policies are in alignment with both SG and corporate expectations
- Identify potential areas of compliance vulnerability and risk
- Assess general compliance risks for all new products and services offered to the SG market, and recommend appropriate risk mitigation strategies
- Perform compliance testing and monitoring required by corporate compliance policy
- Periodically review and revise policies and procedures to ensure they are current and complete
- Review and enhance corporate compliance training to ensure all local requirements are addressed
- Oversee preparation and filing of regulatory reporting requirements
- Manage the AML audit process related Singaporean regulators, other regulatory bodies, and banking partners
- Stay abreast of regulatory policies for relevant SG agencies – i.e. MAS
- Similarly monitor global regulatory environment – i.e. Asia-Pacific (APAC) markets
- Review responses to all compliance inquiries from partner banks, regulators, etc.
- Review marketing and sales literature, performance presentations, and advertising materials for compliance with applicable laws and regulations
- Conduct enhanced due diligence (EDD) reviews on high risk customers and AML/CTF investigations as appropriate
- Assess potential sanctions matches and coordinate appropriate action for confirmed matches as required by local regulation
Requirement
- Fluency in English
- Bachelors in Law, Finance, Accounting, Business, Economics or related field
- M.B.A., J.D., L.L.M., or other advanced degree is a plus
- Professional certification such as Certified Anti-Money Laundering Specialist (CAMS), are required absent an advanced degree
- 5+ years in a previous compliance managerial position at a brokerage, banking, trading, or payments institution, preferably in a technology function
- Comprehensive knowledge of the Singaporean regulatory environment, including regulations, and other federal laws and expectations
- Familiarity with anti-money laundering and know-your-customer best practices in SG and other APAC markets.
- Experience and established relationships in any of the following industries: Brokerage, Banking, Online Payments, Cryptocurrency, Trading, Markets, or Exchanges
- Experience developing policies and implementing procedures that balance compliance and risk versus innovation
- Skilled in collaborating with stakeholders at all levels across technical and non-technical groups
- Ability to lead in a growing company environment with focused and hardworking individuals
- International travel may be required
