- Good remuneration with above the market bonus
- Great exposure to compliance function in different business units
Our client is a well established financial institution that serves institutional and corporate clients across capital markets.
Job Description
1. KYC Advisory & Client Onboarding (PWM Focus):
- Act as the compliance lead for onboarding high net worth individuals and corporate clients under the Private Wealth Management (PWM) business.
- Review account opening requirements and ensure compliance with internal and regulatory requirements relating to KYC, CDD, source of wealth/funds, beneficial ownership, and ongoing client risk assessments.
- Provide guidance to front office and onboarding teams on KYC/CDD requirements (including FATCA/CRS requirements), review high-risk or complex client profiles, third party fund transfer and large fund deposit/withdrawal reviews.
- Support periodic and event-driven client reviews, including enhanced due diligence (EDD) for high-risk clients and structures such as offshore entities, trusts, and nominee arrangements.
- Manage control room responsibilities, including maintaining the firm's restricted and watch lists, handling personal account dealing (PAD) approvals and monitoring, conflicts of interest management, entertainment & gift declarations, and annual employee attestation processes.
- Develop and maintain policies and procedures to ensure effective compliance with anti-money laundering (AML), countering the financing of terrorism (CFT), sanctions, anti-bribery and corruption (ABC) obligations, and control room requirements.
- Conduct periodic risk assessments of AML/CFT controls and contribute to the firm's enterprise-wide AML/CFT risk assessment (EWRA).
- Assist in monitoring unusual transactions and preparing Suspicious Transaction Reports (STRs) where necessary.
- Deliver internal training sessions on KYC/AML obligations and control room requirements.
- Conduct sample testing and monitoring to ensure operational adherence to key compliance controls.
- Assist in the interpretation and application of MAS regulations relating to AML/CFT, sanctions, and conduct obligations under the CMSL regulatory regime.
- Support internal reviews and audits related to compliance function.
- Support MAS-related filings and regulatory engagement, including FATCA/CRS reporting.
- Coordinate the licensing of appointed representatives and directors with MAS, and maintain related records.
- Bachelor's degree in Accounting, Finance, Business or a related discipline.
- Minimum 5-7 years of relevant compliance experience in private wealth management compliance (preferably in brokerage house and/or private banks) with in-depth knowledge of MAS regulations.
- Strong understanding of Singapore's regulatory framework under the Securities and Futures Act (SFA), MAS Notices (especially AML/CFT requirements), and industry practices for CMSL holders.
- Proven experience advising on KYC matters and onboarding for high net worth individuals and corporate clients.
- Familiarity with MAS Notices (e.g. MAS Notice SFA 04-N02), MAS Guidelines, FATF standards, and control room operations.
- Strong stakeholder engagement skills and ability to collaborate with front office and operations.
- Excellent communication, analytical, and project management skills.
- Excellent time management skills and ability to work to tight deadlines and under pressure.
- Good remuneration with above the market variable bonus
- Great benefits like cash allowances and Insurance coverage for dependents
- Comprehensive benefits package to support work-life balance.
Job ID JN-032026-6973123
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Since our start as a two-man operation in London in 1976, Michael Page has grown and expanded globally. Now, after more than 40 years in the recruitme...
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