Compliance Manager - Singapore - ASCAN MARKETING SERVICES PTE LTD

ASCAN MARKETING SERVICES PTE LTD

Verified Company

Singapore

3 weeks ago

Posted by:

Wei Jie

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Description

Job Highlights:

5day work week 9am to 6pm
Dental, Medical
Annual Company Event

Job Description:

Roles and Responsibilities:

Develop and maintain compliance processes & policies relating to AML/CFT/Sanctions in line with MAS Payment Services Act regulation for MPIs.
Analyse and manage risk management issues by identifying, measuring, and developing new policies, procedures and programs to minimize potential money laundering risk.
Manage transaction monitoring and suspicious activity reporting. Perform Ongoing, Periodic and Triggering Customer Due Diligence (CDD)/Enhanced Due Diligence (EDD) review of customers.
Oversee all relevant compliance functions (Regulatory, Advisory, Transaction Monitoring, KYC)
Establish and conduct periodic internal compliance reviews or quality assurance programs to ensure all operations are aligned with Singapore regulations and industry best practices
Be the principal contact for all Compliance/AML related matters or queries, internally and main liaison person with regulators and authorities. Timely response to regulators / authorities' questionnaire, information requests, and proactively communicate product changes and notifiable events. Filing of Suspicious Transaction Reports (STRs) to MAS and STRO, when necessary.
Facilitate any whistleblowing arising within the Company, and ensure that all complaints have been handled fairly, consistently, and promptly.
Perform periodic reporting to Senior Management and the Board, on the outcome of reviews of Ascan's compliance with the regulations, risk assessment, procedures, key AML/CFT management and control issues, and any necessary remedial actions arising from audit, inspection and compliance reviews.
Disseminate MAS circulars, memo or equivalent on regulatory changes or industry best practices, along with personal commentary on potential impact.
Conduct periodic training program for Compliance Officers, and all new hires to appropriately equipped them with the knowledge to fend Money Laundering / Terrorism Financing.
Assist with other compliance operational tasks as needed.

Requirements:

Bachelor's Degree in Accountancy, Banking, Business or Law, or relevant professional qualification in financial services or audit.
Good knowledge about the Payment Services Act of 201
Experience in payment services, financial services, financial crime compliance and financial services regulatory compliance will have added advantage.
Applicants with formal AML/CFT compliance accreditations e.g., ACAMS, IBF accreditations will have added advantage
Team player and great communication and presentation skills
Demonstrable ability to produce comprehensive and clear research and report
Relevant working experience of between 57 years.

For interested applicants, kindly submit your resume, and include the following: