Join a leading global financial institution offering innovative cross-border capital market services and financial solutions. We're seeking an experienced, proactive VP of Compliance to pioneer the team in Singapore.
Responsibilities- Oversee systems related to Customer Due Diligence (CDD), Client Risk Assessment, Name and Transaction Screening, Anti-Money Laundering (AML) Monitoring, and Case Management.
- Help calibrate the organization’s risk methodologies for products, segments, customers, and transactions.
- Use risk and data analytics to improve detection scenarios and screening systems.
- Apply local and Group policies to manage AML surveillance, client screening, and risk assessments.
- Keep screening system lists and databases up to date.
- Ensure that detection scenarios are effective and meet regulatory requirements.
- Investigate significant financial crime risks (e.g., non-compliant transactions, production orders) to identify and report all relevant parties, particularly in cross-border cases.
- Review internal reports and escalations, such as KYC/Transaction Monitoring (TM) issues or unusual activity alerts.
- Inform senior management and regulators of serious regulatory breaches or risks, and ensure quick action to resolve or stop activities.
- Recommend and help implement risk management solutions based on findings from investigations.
- Conduct compliance reviews and tests to ensure the company’s processes meet regulatory standards, identify any gaps, and provide actionable recommendations. Work with teams to implement corrective actions.
- Degree in Law, Accounting, Business, Economics, Finance, or a related field.
- 4-8 years of experience in banking, financial services, or consulting firms.
- Strong knowledge of laws and regulations related to AML, CFT, CDD, and Sanctions, with an understanding of regional differences.
- Previous experience as a Compliance Officer or Money Laundering Reporting Officer (MLRO) in a licensed financial institution is highly preferred.
- Experience with AML/Sanctions investigations.
- Familiarity with audits and regulatory exams.
- Strong ability to identify, analyze, and communicate compliance issues.
- Mandarin-speaking candidates preferred for communication with Chinese stakeholders.
- Excellent organizational and project management skills.
- Fast learner with an agile mindset, a collaborative team player, and a positive attitude.
