Head of Compliance - Singapore - LUMEN CAPITAL INVESTORS PTE. LTD.

Description

BETA
You can view this job inLUMEN CAPITAL INVESTORS PTE. LTD.Head of Compliance


MCF
SINGAPORE LAND TOWER, 50 RAFFLES PLACE 048623PermanentSenior Management5 years expBanking and Finance$8,000

to $12,000

Monthly

16 applications

Posted 03 Apr 2024

Closing on 03 May 2024Covers all aspects relating to the firm's Compliance & Risk related matters. Member of extended Management of the firm.


Responsibilities:
Reviews and approves/rejects CDD & KYC for new client/Ambassador/Introducer/Counterparts on-boarding before submission to COO/CEO for senior management approval;Works closely with Partners and Associates to facilitate the collection for CDD/KYC data and other relevant documents required for account opening with the respective custodian bank;Conducts CDD/KYC reviews on existing clients/Ambassadors/Introducers through periodic reviews (i.e. annually, every two years, depending on risk classification of client and/or internal policy for Ambassador/Introducer);Ensures evidence of client's identity and other relevant documents are in order and duly stored in CRM/client files and maintained accordingly;Performs ongoing monitoring for clients' accounts, incl. screeningsReviews and approves/rejects CDD & KYC for onboarding/periodic review of Custodian Banks;Onboarding/Reviews and approval/reject for Investments with 3rd Parties;Review & maintenance of MAS Outsourcing Register and its related;Bi-weekly AML transaction monitoring submitted by Front Office;Implements sustainable strategy relating to the firm's compliance policies and guidelines (i.e.

risk controls and assessment)Coordinates annual review of firm's policies and guidelines relating to AML, CFT, Higher Tax Risk assessmentRe-engineers current firm's policies and guidelines to ensure adherence to the updates by the regulatorsUpdates MAS Circular Depository and reminds staff acknowledgementResponsible for SONAR as administrator (filing of STRs, etc.)Acts as key contact person for liaison with the regulatory authorities and internal auditorsSee how you compare with other applicantsTell employers what skills you haveThe more skills you have, the better your job match.

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