Compliance Officer - Singapore - Fundnel Pte Ltd
Description
We're building the future of private financial markets:
Traditionally a space only for the wealthy and well-connected, we believe in a future where private markets are more accessible to investors and fundraisers.
By leveling the playing field we hope to create a more equitable economy, where inspiring companies are connected to inspired investors, whoever and wherever they are.
Leveraging our trusted brand, global networks and incredible team, we're building a technology-enabled ecosystem that is as diverse and dynamic as our investor network.
As we progress on this ambitious journey, we're looking for energetic and creative people to support and leave their mark on our platform.
Before Applying:
About Alta
Alta, formerly known as Fundnel, is Southeast Asia's largest digital marketplace for alternative investments. Alta gives investors direct access to invest and trade in a wide range of curated alternative assets, from direct investment into early to late-stage private companies, PE/VC funds, asset-backed securities of luxury assets, real estate and more.
As a licensed integrated marketplace, Alta brings the trading and distribution of securities, fund management, and payments solutions under one roof.
Today, while more investors are looking to increase their allocation to alternative assets, the high costs of investing and illiquidity of private markets can often give many investors pause.
Alta makes it easier and more efficient than ever for investors to trade tokenized alternative assets at smaller, fractionalized blocks, thereby enhancing liquidity in the private markets, and bringing alternative assets to all.
Since 2016, Alta has completed over 1,000 transactions valued in excess of US$600 million and has created access for investors to invest in over US$22 billion worth of mandated opportunities globally.
Alta is headquartered in Singapore and operates offices globally.
Job purpose:
The Team You'll Work With
We are hiring for a
Compliance Officer for Alta who will not only provide core compliance support to the organization, but will also partner with various teams within our Group to dive deep into solutions and effectively manage the regulatory risks in the Group.
Summary of overall job description is as follow:
The Problems You'll Solve
- Strive to make the compliance process as seamless and efficient as possible while meeting the standards of the increasingly stringent regulatory environment
Roles and responsibilities:
- Development and maintaining of compliance controls framework and implementation of compliancerelated processes and procedures;
- Drafting and performing updates to compliancerelated manuals and policies, such as Enterprise Wide Risk Assessments, AML/CFT, business continuity planning, etc.
- Drafting, maintaining of outsourcing policy, reviewing the outsourcing register and service level agreements for updates and revisions and any material development, changes or additions to the current arrangements'
- Ensure that all operational procedures comply with applicable regulations, internal policies and procedures;
- Keep abreast with regulatory changes and provide compliance advisory to senior management and business;
- Provide high level analysis on changes to regulations and provide support to business on implementation; Working with internal and external stakeholders with regards to requests on compliance related matters
- Identify, provide assessment and maintain documentation on compliance issues e.g. conflict of interest, complaints, etc. as well escalate issues to senior management/ Board in line with policy;
- Providing monthly compliance reports, logging of regulatory developments, personal dealing registers, compliance checklist, complaints registers, gifts registers, error logs and regulatory communication logs; Maintain compliancerelated registers and records in line with regulatory requirements;
- Conducting all applicable KYC checks in accordance with the MAS Notice on Prevention of Money Laundering and Countering the Financing of Terrorism;
- Provide compliance advisory & support on client due diligence, perform AML/KYC process, ensure endtoend management & documentation for the onboarding of new clients, KYC periodic review of existing clients and AML/CFT matters
- Review KYC information submitted by clients, conduct AML/CFT name screening, risk rate clients and maintain documentation in accordance to regulatory requirements and internal AML/KYC policies and procedures
- Follow up front office on the collection of the documents/ information and issues identified during client review;
- Perform compliance reviews/testing's and assist in preparing reports to the senior management / board
- Preparation and/or revie
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