Compliance/AML Associate - Singapore - Shinhan Bank

Description

Roles and Responsibilities

• Monitoring for compliance with laws, rules, regulations, and policies
• Prepare and review AML/CFT policies and procedures
• Communicate with internal and external counterparties, including senior management and related departments of the head office.
• Communicating regulatory requirements and firm policy expectations to educate others
• Make sure new products or services are properly incorporated into the AML.
• Keep compliance policies and procedures updated.
• Participating in firm responses to regulatory examinations, audits, and inquiries
• Identify, investigate, and manage compliance issues involving the MAS.
• Analyze regulatory changes and enforcement actions to assess the impact on the bank.
• Draft and assist in the implementation of policies and procedures.

Requirements

• Bachelor's Degree, preferably business- or law-related, or Compliance Certification.
• At least 3 years of experience with the regulatory part of MAS, KYC, and anti-money laundering.
• Attention to detail and possessing an enquiring mindset.
• Work experience in a risk management role focused on regulatory requirements.
• Knowledge of regulations, practices, and market infrastructure.
• Experience working as a regulator, interacting with regulators, or supporting regulatory audits or inquiries will be a priority.