Compliance Officer (6 months contract | Private Banking)

Key Responsibilities

• KYC & Due Diligence Review: Conduct end-to-end reviews of client profiles during account opening and periodic recertifications, including risk assessment, due diligence analysis, risk rating assignment, and transaction reviews to detect suspicious activity.
• Compliance Advisory & Risk Management: Provide day-to-day advisory to business lines on AML/CFT, Financial Security, sanction risks, PEP identification, adverse media, and investment suitability (e.g., client risk profiling and assessments).
• Governance & Committee Reporting: Prepare and present complex client profiles to the local risk committee for onboarding or relationship maintenance approvals; perform risk assessments to decide on account unblocking.
• Monitoring & Incident Handling: Monitor high-risk client profiles, manage Financial Security incidents, conduct internal investigations, and file Suspicious Transaction Reports (STRs) when necessary.
• Regulatory Analysis & Policy Alignment: Perform gap analysis on local regulatory consultation papers (e.g., MAS, HKMA) and new international regulations against internal policies, assisting in policy updates and regional synchronization.
• Reporting, Audits & Control Execution: Execute local Financial Security controls, maintain accurate tracking/reporting for onboarding and recertification timelines, and support internal and external audit engagements.
• Stakeholder Training & Regional Initiatives: Deliver compliance training to Front Office and Client Management teams on revised policies and participate in regional wealth management compliance projects.

Requirements

• Experience: Proven experience in KYC, AML/CFT compliance, or Financial Security within Wealth Management or Private Banking.
• Regulatory Knowledge: In-depth knowledge of domestic regulatory frameworks (e.g., MAS) and exposure to regional/international regulations (e.g., HKMA, EU regulations).
• Technical Expertise: Strong background in customer due diligence (CDD), transaction monitoring, suspicious transaction reporting (STR), sanction checks, and PEP screening.
• Stakeholder Management: Excellent communication and advisory skills to interface effectively with business units, senior management, and regional compliance teams.
• Analytical Skills: High attention to detail with strong analytical and problem-solving abilities for gap analyses, complex risk evaluations, and committee presentations.

If you are interested in this role and would like to discuss the opportunity further please click apply now or email Debbie Tan at [email protected] for more information.

Only shortlisted candidates will be responded to, therefore if you do not receive a reply within 14 days please accept this as notification that you have not been shortlisted.

Morgan McKinley Talent Solutions

Morgan McKinley Pte Ltd EA Licence No: 11C5502

EAP Registration No: R26159853

EAP Name: Debbie Tan Mei Lin