Permanent Contract

Business Compliance Manager M/F

Modified on 15/10/2024

  • 168 Robinson Road #23-03 Capital Tower 068912 Singapore - Singapore
  • Compliance / Financial Security
  • 2024-93192

Job description

Reporting to the Chief of Staff, the Business Compliance Manager (“BCM”) ensures the overall management of risks of Wealth Management activities of the Singapore Branch. This includes identifying, assessing, mitigating and monitoring regulatory, reputational, operational risks and other risks applicable to the Front Office.


You will have the opportunity to support the below tasks, but not limited to: -

 

  • Support Front Office (Relationship Managers and Client Service Officers) in performing the KYC review for the onboarding of new clients including but not limited to:
  • Assessing and mitigating screening hits;Extract additional Compliance reports (eg. name screening details or Company registry searches);
  • Analyzing and supplementing the source of wealth and source of revenues to ensure that these are plausible and sufficiently corroborated;
  • Escalating to relevant stakeholders including Compliance and Market Heads for inputs and feedback;

 

  • Provide preliminary advice to the Front Office for new prospects by identifying and reviewing potential risks of prospects and liaising with relevant departments for guidance.
  • Support Front Office in performing the AML Periodic Account Review where required.
  • Provide guidance, training and sharing best practices with Front Office to improve the overall quality of the KYC.
  • Understand the various Risk related directives and policies (eg. AML/Sanctions, Regulatory, Cross-border, Commercial Strategy, Credit, Legal, HR, etc) of the Bank and regulatory requirements and ensuring proper application and compliance by the Front Office.
  • Ongoing monitoring of outstanding actions required by the Front Office (eg. AML cards, AML transaction / screening alerts, Documentation items, etc).Implementing and monitoring the progress of Risk campaigns that are initiated by Head Office and the Branch.
  • Prepare periodic reporting to relevant stakeholders at the Head Office and Branch level.Close collaboration with Front Office in order to understand and advocate for the Front Office and Customer’s needs.Representative / Point of liaison for Front Office in engagements with relevant stakeholders on various risk areas, including but not limited to Compliance, Client Documentation, Legal.
  • Support EMBP in the execution of risk controls and any other initiatives or projects.Support Market Heads for any day-to-day or adhoc risk areas where required.

    • Minimum level of study
    • Bachelor Degree / BSc Degree or equivalent
    • Training / Specialization
    • Degree in appropriate relevant field of study or equivalent work experience;
      Minimum 8-10 years of relevant banking and Compliance (KYC) experience in Private Banking/Wealth Management (PB KYC experience preferred);
    • Minimum experience level
    • 6-10 years
    • Compétences recherchées
      • Good understanding of the local regulatory framework and practices, particularly in relation to Anti-Money Laundering/Countering the Financing of Terrorism (AML/CFT), Private Banking Code of Conduct, and MAS Guidelines on Private Banking Controls, is crucial;
      • Intermediate proficiency in Microsoft Excel, Word, PowerPoint and other PC applications
      • Be a strong team player who is strategic and yet practical, able to navigate through diverse cultures, develop and lead strategies in the face of an increasingly-regulated landscape;
      • Adaptable and Independent with strong analytical and decision-making ability.
      • be able to trust and promote trust in team members;
      • be able to advise, assist and collaborate with stakeholders from the business units to mitigate KYC/AML and sanctions risks in a practical, constructive and effective manner, within the ambit of the relevant regulations;
      • have strong research, investigative and analytical skills, and attention to details so as to enable him/ her to make sound judgments and recommendations to relevant stakeholders;
      • possess mental toughness and be committed to quality work;
      • have good verbal/written and interpersonal communication skills;
      • have good organizational, multi-tasking and prioritization skills;
      • be a self-motivated, self-initiated creative problem-solver who enjoys working in a bank environment;
      • Have attention to detail.

  • Indosuez Wealth Management has a solid foundation in Asia as a pioneering bank with more than a century old heritage, when Banque de l'Indochine opened its historic offices in Hong Kong and Singapore. From these two locations, branches of CA Indosuez (Switzerland) SA, almost 220 highly specialised wealth managers combine their knowledge of the region with the vast opportunities provided by the global network of Indosuez Wealth Management and the Credit Agricole group. By working every day in the interest of society, we are a group committed to diversity and inclusion. All our positions are open to people with disabilities.

Crédit Agricole Indosuez Wealth
Crédit Agricole Indosuez Wealth
Crédit Agricole Indosuez Wealth

Crédit Agricole Indosuez Wealth

Business Compliance Manager M/F

Published the 15/10/2024

Permanent Contract
  • 168 Robinson Road #23-03 Capital Tower 068912 Singapore - Singapore
  • Compliance / Financial Security
  • 2024-93192

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