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Compliance Associate

STATE BANK OF INDIASingapore

30+ days ago

Job description

Responsibilities

Regulatory Compliance

Develop / periodic review policies / manuals / procedure notes under Compliance Department's purview.
Conduct Regulatory Review in accordance with the Compliance Review and Training Plan.
Coordinate, liaise, handle enquiries and ad-hoc / periodic submissions to Head Office and MAS promptly.

Anti-Money Laundering Compliance

Provide advisory / clearance of daily payment gateway screening hits and periodic name screening hits in relation to sanctions and adverse news (when required).

Perform onboarding and periodic review on customers.

Review suspicious and irregular transactions in customers' accounts and conduct basic inquiry into such transactions with a view to filing a Suspicious Transaction Report to the Suspicious Transaction Reporting Office ("STRO") when appropriate.

Manage name screening tool, including review and reporting of true hits.

Others

Provide cover for team members within Compliance Department in assigned areas during their leave of absence.

Undertake other duties as assigned.

Requirements

Diploma and above, preferably in Accounting, Banking & Finance, Business or Law. Fresh graduates will be considered.

Relevant experience in Compliance function of a financial institution / regulatory body covering banking laws, particularly in SFA / FAA, FATCA / CRS and / or, AML / CFT requirements preferred.

Candidates with certifications such as Diploma in Compliance or Association of Certified Anti-Money Laundering Specialist (ACAMS) would have an added advantage.

Excellent communication and interpersonal skills with ability to interact with all levels of staff and management.

Have the drive, energy and perseverance to succeed in a competitive market environment.

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Associate Compliance • Singapore