Compliance Associate

Job Description & Requirements

• Advise on suitability, sales practices, and complianceobligations—including conflicts of interest and fair dealing.
• Oversee the preparation of Statement of Wealth (SOW) documents, target market assessments, and sales controls.
• Manage client complaints and regulatory breaches, ensuring prompt escalation of misconduct.
• Oversee and review transaction monitoring alerts, conduct in-depth investigations, and identify potential suspicious activities requiring escalation and filing of Suspicious Transaction Reports (STRs).
• Manage and provide guidance on CDD and Enhanced Due Diligence (EDD) for new and high-risk customers, including complex ownership structures and cross-border relationships.
• Ensure the accurate and timely preparation, review, and submission of STRs to the Monetary Authority of Singapore (MAS) and the Suspicious Transaction Reporting Office (STRO), in accordance with regulatory requirements.
• Lead AML/CFT risk assessments, maintain and enhance internal control procedures, and drive remediation efforts to address identified compliance gaps.

Requirements

• Bachelor's degree in Finance, Business, Law, or a related discipline.
• AML-related certifications are preferred such as ACAMS, ICA, or equivalent.
• Minimum 2 years of relevant experience in banking or financial services industry; hands-on experience in AML/CFT or financial crime compliance is highly preferred.
• Strong working knowledge of MAS Notice 626, MAS AML/CFT Guidelines, and international AML/CFT standards (e.g. FATF).
• Business-level fluency in Korean is preferred, with the ability to effectively communicate with head office counterparts and Korean clients.