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We are looking for a Compliance Manager with an eye for detail but able to work efficiently to assist in all compliance and AML matters within the Straits Financial Group. Candidate should have experience in the space of financial crime prevention, as well as with the Securities and Futures Act, Payment Services Act, and their subsidiary legislations, and have dealt with regulators on a regular basis.


The Team:

The Team is responsible for putting in place and executing proper level-two governance and reporting mechanisms for financial crime and compliance, including for existing business and implementation of new businesses, addressing any AML, compliance and regulatory risks faced by the company. The team is also primary responsible for liaising with external counsel to address regulatory risk issues, and regulatory bodies for supervisory matters. Compliance works closely with other departments in the organization to ensure compliance risks are effectively addressed with proper processes.


Compliance Manager

Central - Suntec City


Responsibilities:

Your primary responsibilities will be:


Financial Crime and Sanction Compliance

  • Establishing and maintaining policies, systems and processes to counter the risks of money laundering, terrorist financing, weapons proliferation and sanctions, as well as filing of suspicious transaction reports;

  • Coordinate and review regular transaction monitoring and analysis from a financial crime perspective;

  • Responsible for maintaining and ensuring senior management is aware of the enterprise-wide AML risk assessment for the Company as well as the corresponding mitigation measures;


Regulatory compliance

  • Managing regulatory compliance across all local entities within the Group;

  • Proactively anticipate and research on new regulatory requirements, including consultation papers, propose and follow through with implications on the business and implementation actions;

  • Coordinate with counterparties on regulatory requests and ensure prompt follow-up;

  • Main liaison point with regulators and other bodies such as exchanges.


Internal compliance

  • Provide 2nd level monitoring and management of compliance to internal policies and procedures;

  • Managing and dealing with matters relating to Code of Conduct, errors, complaints, as well as incidents (together with HR where necessary).


Compliance assessments and advisory

  • Assess new initiatives and businesses for compliance and regulatory issues, including for non-regulated businesses, and point out key issues and potential compliance risks for management acceptance.

  • Attend to queries from internal stakeholders and providing interpretation and advisory on controversial matters.


Compliance Operations

  • Endorse annual compliance calendar and programs, ensuring adherence to ongoing obligations;

  • Plan and implement regulatory monitoring or audits, such as trade surveillance and broker audits;

  • Maintaining sufficient oversight on Compliance team operations, which includes daily, monthly, quarterly and yearly reporting matters

  • Process improvements and other ad-hoc projects, including system implementation and testing, in relation to the above scope.


Requirements:

You should possess the following:

  • At least a Degree in preferably Business, Accountancy, Finance or equivalent, candidates with legal background will be viewed favourably;

  • At least 8 years of relevant working experience in the derivatives industry;

  • Experience dealing with regulators and comfortable with making decisions

  • Familiar with AML/KYC tools and financial crime prevention standards for traditional financial institutions, payment institutions, as well as fintech space;

  • Well-versed with regulatory obligations of SFA, FAA, as well as exchange regulations (e.g. CME, ICE, SGX), and PSA, including the new developed regulatory landscape of digital assets;

  • Able to work in high pressure environment;

  • Strong interpersonal skills and able to handle a variety of personalities;

  • Team player but able to work independently;

  • Meticulous, mature with a positive work attitude;

  • Comfortable and fluent in English and Mandarin.

You are here:

Compliance Manager

April 8, 2024
Singapore
Full-time
Finance
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