AVP Wealth Management Compliance recruitment
Responsibilities
- Contribute to ensuring the functions of Compliance within Wealth Management are carried out in accordance with applicable laws and regulations and is smoothly carried out without interruptions or problems
- Assist the Head of Ethics Compliance in ensuring the accomplishment of the Department’s mission
- Assist the Head of Ethics Compliance in implementing procedures as a result of changes in local laws and regulations and updating such rules and regulations
- Implement and update policies and procedures related to KYC, Prevention of Money Laundering and Fight against Corruption and Terrorism
- Ensure that the rules and procedures for compliance as outlined in the Compliance Manual are being followed, especially with issues like money laundering, due diligence on clients, know your client process
- Carry out the client acceptance process for new and review accounts
- Monitor client activity (including inward and outward payments and cash) to detect unusual or potentially suspicious activity and ensure prompt reporting to Management and Compliance heads, where appropriate
- Responsible for use of AML tools, analysis of transactional patterns/account behavior, customization of customer profiles, checking accuracy of lists for name screening purposes, follow-up on responses with Front Office and assist in investigations
- Implement, perform and assist in the development of other compliance monitoring systems as well as interface with various functions (e.g. IT) and overseas offices
- Review the allocation basis of new bonds/shares by the Advisory Desk
- Provide 2nd level approvals for Side Ofacs hits, dormant/blocked accounts and accounts closed within 6 months, irregular remittances, large cash deposits/withdrawals and non standard reference letters
- Tape recording retrieval and transcripts preparation for Wealth Management dealers/RMs
- Investigate, in conjunction with other support functions where necessary, and handle actual and potential compliance breaches and complaints
- Attend to queries from New York AML
- Letters of Independent Processing
- FIS Singapore PR Application (Personal Networth Declaration Processing)
- Any other task assigned
Requirements
- Must be a graduate of a tertiary institution.
- Successfully completed the Diploma in Compliance
- Must have at least 5 years of experience in banking working experience in wealth management compliance
- Familiar with Singapore laws and regulations
- Have good understanding of control concept as well as compliance rules and regulations
- Work well with people and able to undertake pressure
- Have good knowledge in Wealth Management operations
- Have good communication skills
If you have the relevant experience, please send your resume to shivani.bhalla@tom.net.au
December 12, 2010
• Tags: AVP Wealth Management Compliance recruitment, Risk Management careers in the Singapore • Posted in: Financial