Dual reporting to the CEO Singapore and the Chief Legal Officer in Gland, Switzerland, the candidate will be responsible for the following:
Compliance & MLRO duties:
- A senior role in the managing of the Compliance function as an MAS licensed firm,
- Acting as the primary MAS liaison officer, registered MLRO and DPO,
- Establishing and oversight of the implementation of SQPL’s local and group compliance and AML-CFT policies, procedures, systems and controls, including reviewing and updating as appropriate based on MAS and FINMA/Group requirements:
- Responsible for the review and lodging of STRs,
- Updating such documents on an annual and on-going basis.
- Identify, manage and report on key compliance risks using the prescribed risk based approach,
- Responsible for the review of client on-boarding, review of KYC DD, AML, SoW and SoF, and appropriate CDD files in accordance to MAS and Group requirements,
- Manage and adhere to the reporting timetable of the following:
- Annual Compliance reports,
- Compliance Monitoring Plan,
- Quarterly AML Risk Analysis,
- Quarterly Senior Management – compliance input,
- MAS regulatory reports and Compliance returns,
- Group Compliance reports,
- Ad-hoc reports as requested by the Group and MAS.
- Act as the Compliance liaison point with Group, with regular update calls / communications,
- Embed a culture of compliance across the firm and support Senior Management,
- Conduct training on Compliance Induction, Ethics, AML, Bribery, Sanctions and all relevant compliance and AML policies and regulations as appropriate,
- Partner the business in an advisory capacity to provide solution-oriented advice on business compliance issues,
- Provide advice and guidance to the business on transactions, to ensure operations are within the sanctions regime of the UN, OFAC, FATF and other applicable rules and procedures,
- Provide guidance and training to staff on the appropriate implementation of compliance relevant rules, laws and standards,
- Responsible as the appointed MLRO for analysing transactions and, where necessary, filing of STRs to the relevant Singapore authorities,
- Continuously review compliance policies, procedures and communications from regulators so as to ensure the firm remains compliant and documents are kept up-to-date,
- Monitor effectiveness of the systems, policies and procedures designed to manage compliance risk and proactively assist and make recommendations for improvements to systems, policies and procedure,
- Act as the key contact point for communications with the regulator, build and maintain an effective working relationship with regulator so as to mitigate compliance risk,
- Supervise, manage and develop the Compliance team members.
Business risk duties:
- Maintain the policy suite for SQPL including but not limited to Compliance Manual, Risk Management Policy, Data Protection Policy, BCP Policy, etc,
- Annual updates of Business Impact Analysis and maintenance/update of risk registers for the entity,
- Submission of relevant reports to the Internal Controlling and Risk Department in the Head office and respond to ad-hoc queries from Group.
- Ability to communicate effectively in a verbal and written form in English and Mandarin,
- At least 10 years’ experience in Legal / Compliance roles with MAS regulated entities in Singapore,
- At least a first experience in management,
- Relevant Compliance-related certificates and qualifications, including MAS relevant courses and attestation is a plus,
- Singapore Citizen or PR.
SQ2
