Compliance Lead - SBM (NBFC) Holdings Ltd at SBM Bank

Job Purpose:

Reporting to the Head of Compliance – Non-Banking Financial Cluster, the job incumbent will be called upon to ensure that the relevant business units are in compliance with the rules and regulations of regulatory agencies, that the companies’ policies and procedures are being followed, and that behavior in the organisation meets the standards of conduct as prescribed. The Compliance Lead will also coordinate internal regulatory processes for an entity, which may include preparing documentation for submission to regulatory agencies.

Key Responsibilities:

• Assist the Head of Compliance in the discharge of the day-to-day duties
• Undertake compliance review of business units to assess compliance with laws, regulatory requirements and internal policy/procedures
• Provide regular and accurate reports to the Head of Compliance and Senior Management on the regulatory compliance matters
• Assess compliance with laws, the KYC/AML/CFT policy and procedures, and other regulatory guidelines/procedures
• Conduct testing and file reviews, including CDD review based on risk assessment
• Assist different Operations teams on risk assessments and AML/CFT queries in a timely manner
• Ensure that training on KYC/AML/CFT is dispensed to all the employees
• Liaise and communicate with other departments and subsidiaries of the Group regarding compliance issues
• Follow developments in local regulatory landscape applicable to the different subsidiaries under SBM (NBFC) Holdings Ltd
• Recommend any improvement in processes/procedures, following compliance review
• Carry out special assignments at the request of the management
• Attend to any other duties directly or indirectly linked to the Compliance function

Qualifications, Experience & Skills:

• University degree in Accounting, Law, Banking, Finance or any other relevant qualification
• At least 8 years’ relevant experience in Banking/Financial Services Sector
• Knowledge of securities laws and AML/CFT legislations/guidelines
• Good knowledge of legislations, regulations, rules and guidelines applicable to licensees of the Financial Services Commission
• Excellent interpersonal, analytical, communication, planning and reporting skills
• Ability to work under pressure

Closing: 06th October 2022.